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Logistics (MENA) 
Dragon Oil has USD 500 to invest in Egypt + Edgnex to invest in Turkey data center
Dragon Oil wants to raise its production from the North Safa oil field in the Gulf of Suez to 8k…
Indian startup Beyoung bags funding from Abu Dhabi royal family
Beyoung will deploy the funds to expand outside India
Mubadala invests in blockchain-focused fund
The fund focuses on blockchain ventures from pre-seed to Series A stages
Adnoc, BP to form gas JV in Egypt
The JV is set to be established in 2H 2024, where BP will own 51%
Fintech startup Kema closes USD 2 mn pre-seed round
The startup will use the funding to launch its SaaS platform and scale its presence in the UAE
AMP Global Trading acquires 50% of Jordanian cement player + KSA’s Algihaz is restructuring its holding of Lamprell
The acquisition hands AMP a 51% stake in a cement plant in an Iraqi cement plant
UAE + India to launch a trade corridor
The two countries signed eight partnerships to advance bilateral ties
Criteria for Emirates NBD’s AED 500 mn SME initiative are out
The first phase of the initiative will invest AED 15 mn over seven years
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