Menzies secures handling contract at India’s BLR

Menzies bags USD 225 mn contract at India’s BLR Airport: ADX-listed logistics firm Agility Global’s subsidiary Menzies Aviation received the green light to provide ground handling services at Bengaluru’s Kempegowda International Airport (BLR) under a 15-year contract, starting in April, valued at USD 225 mn, according to an ADX disclosure(pdf). The firm simultaneously plans to invest USD 9 mn to upgrade and modernize its ground support equipment at the airport.

Menzies is expanding onto the tarmac: The firm formed a joint venture — Menzies Aviation (Bengaluru) Private Limited — with the airport’s operator Bangalore International Airport back in 2023 to manage and expand air cargo services. The JV aimed to boost capacity by 40k tons by 2030 and become the sole operator of a new domestic cargo facility.

UAE’s Albatha acquires majority stake in psychology clinic

Albatha pivots into mental health sector with majority acquisition: UAE-based Albatha Healthcare, a subsidiary of conglomerate Albatha group, acquired a majority stake in Insights Psychology center, a Dubai-based multidisciplinary practice specializing in neurodevelopmental and mental health services, according to a press release. The financial terms of the transaction weren’t disclosed.

Qureos raises USD 5 mn seed round

AI hiring startup Qureos secured USD 5 mn in a seed funding round led by Abu Dhabi-based Salica Oryx Fund and Prosus Ventures, with participation from Dubai’s Cotu Ventures and Oraseya Capital alongside Globivest and Plus VC, according to a press release. The firm plans to deploy the new capital toward product development and market expansion.

Qureos? Founded by Alexander Epure (LinkedIn) and Usama Nini (LinkedIn), the UAE-based platform brings sourcing, screening, and interviewing into a single AI-driven system that automates recruitment workflow from candidate discovery to interview. Its platform is now used by the likes of Qatar Airways and the Dubai Department of Economy and Tourism. Queros raised USD 3 mn in a 2022 pre-seed round and was part of a cohort in Oraseya Capital’s sandbox accelerator.

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