STARTUPS-

Capital.com establishes regional HQ in the UAE: Capital.com has established Capital Com MENA as its subsidiary, setting up its regional headquarters in the UAE after securing all necessary licenses, Wam reports. The company is also set to participate in the government-led NextGenFDI initiative, which aims to help global companies set up and grow in the UAE.

FINTECH-

Standard Chartered’s innovation arm, SCVentures, and Old Mutual’s venture building arm Next176, are working to launch a wealth management platform in the UAE, to serve clients across the Middle East and Africa and Southeast Asia, according to a statement. The partnership will see the two investors merge wealth planning app Autumn and budget tracking app 22seven.

REAL ESTATE-

Dubai South awarded a AED 1.5 bn contract to Al Kharafi Construction for phases 3, 4, and 5 of the South Bay project due to high demand, according to a press release. The company has launched phase four, which is set for completion in 1Q 2027, ahead of schedule.

ICYMI- Last year, Dubai South Properties tapped Ginco General Contracting to oversee the construction of the initial two phases of the project and manage its infrastructure facilities.

BANKING-

The UAE’s DP World and Abu-Dhabi based RakBank have inked an strategic agreement to bolster UAE trade finance, Wam reports. RakBank aims to boost its risk assessment capabilities and facilitate accessibility to business financing.

RETAIL-

Retail conglomerate GMG expanded its partnership with US-based apparel and footwear company VF Corporation to open over 300 new VF brand stores across the region over the next five years, according to a press release. GMG currently operates 90 VF mono-brand stores in the MENA and SEA markets.

TRADE-

IAG Cargo resumes Abu Dhabi service: London-based IAG Cargo is set to reopen services between London and Abu Dhabi starting 20 April after a four-year hiatus, according to a statement.

RESEARCH-

Climate change research at NYUAD, backed by Dolphin Energy: Gas company Dolphin Energy will sponsor an inaugural three-year Kawader Research Assistantship Program at New York University in Abu Dhabi (NYUAD), in a bid to prioritize environmental protection and mark off environmental sustainability goals, reports Wam. The three-year program offers Emirati graduates the window to participate in academic research for sustainability and climate change.

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