Wealth
Samena Capital Completes Acquisition of 30.6% Stake in RAK Ceramics
Samena Capital, a principal investment group focused on the Subcontinent, Asia, Middle East and North Africa, today completed the landmark acquisition of 250 million shares of RAK Ceramics PSC,
New Mobile App Grand Theft Pursuit Seeks Funding Through Indiegogo
In order to make the new mobile app, Grand Theft Pursuit, available to everyone for free, Crucial App Concepts has launched an IndieGoGo crowdfunding campaign.
Iran Billionaire Hanged Over $2.6B Bank Fraud
A billionaire businessman at the heart of a $2.6 billion state bank scam in Iran, the largest fraud case since the country’s 1979 Islamic Revolution, was executed Saturday, state television repo...
Cary! Raises US$100,000 on Eureeca’s Crowdinvesting Platform
Cary!, a social UAE-based mobile app to buy and sell cars met its crowdinvesting goal of US$103,400 much ahead of schedule.
Network International Says Fraud and Security Are Key Challenges For Payments Sector
A significant percentage of the region’s financial institutions and multi-channel retailers say fraud, security and risk management
ADCB Grows SME and Equipment Finance Portfolio
Abu Dhabi Commercial Bank PJSC (“ADCB”) has executed a Portfolio Transfer Agreement with Mubadala GE Capital PJSC under which ADCB will purchase a circa AED 450 million portfolio of asset ...
Intilaq Incubation Program Worth $18 Million Launched in Tunisia
The Qatar Friendship Fund (QFF) Tunisia, Tunisiana (part of Ooredoo) and Microsoft have announced the launch of Intilaq, a TUN 28.4 million ($18 million) incubation programme
Sookasa Raises $5 Million for Cloud Encyrption Software
A new startup, Sookasa has raised over $5 million dollars to launch a tool that allows secure, easy sharing of files among cloud storage services.
Free Zone Companies Can Now List on NASDAQ Dubai
Jebel Ali Free Zone (Jafza) announced today that Jafza registered companies can now raise capital through the equity market to fund their growth, by listing on NASDAQ Dubai.