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Plenty of crypto news, as Cointelegraph sets up shop in Dubai, BitOasis works on anti-money laundering, and Phoenix opens up a new mining site
Plus: Emirati banks extended AED 630 mn loans to IFA Hotels and Resorts
Climate tech startup Coral raises USD 3 mn in funding
PLUS: Burjeel partners with Axiom Space to study new technologies in space
Magrabi and Rivoli Vision merge for regional expansion
The merger is targeting double-digit revenue by 2027
Carrefour partners with Apparel group for India reentry
Store openings set for 2025
Consumers in the UAE want quality, convenience, and big household names
The UAE market for fast-moving consumer goods is broader and more segmented than is Saudi Arabia’s
Taqa and Jera reach financial close on Saudi plant
The plant will supply power and steam to the Saudi’s Amiral petrochemical complex
TJ Maxx and Marshalls owner to acquire 35% stake in Dubai’s Brands for Less
The transaction is valued at USD 360 mn, and expected to close later this year
Pathfinder Global raises USD 325 mn ahead of Nasdaq listing
Pathfinder Global is offering 2.5 mn shares in a private placement ahead of its Nasdaq listing
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