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Proptech startup AIR and Dubai’s Related secure funding
Unique Properties backed AIR, while Saudi firm Equivator invested in Related
DIFC pitches new variable capital company regime for proprietary investment
The regime ties share capital directly to the vehicle’s net asset value
DFSA preps firms for client assets regime overhaul
Firms will need to maintain a client asset crisis preparedness pack, and file separate audit reports for client money, investments,…
THIS MORNING: Canada in talks with the UAE over AI investments + Taxi stablecoin payments are now a thing in Abu Dhabi
Plus: Stocks in the region cheered news of the Iran-Israel ceasefire
New wealth management firm lands in DIFC with eight-figure investment
The firm is backed by an eight-figure USD equity raise
THIS MORNING: UAE reopens airspace + Trump says Iran and Israel agree to a ceasefire
Plus: Americana confirms talks with Cravia over a buyout
Dubai’s RTA taps four major players for 637 buses
The total value of the agreements is valued at AED 1.1 bn
Al Mal Capital REIT to kick off AED 220 mn capital hike in July
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