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Embedded SME lending startup CredibleX secured USD 55 mn in debt and equity seed funding
The newly raised funds will drive the company’s expansion plans
ADEX’s USD 500 mn wheat financing agreement with Egypt gets green light
Al Dahra is set to provide Egypt with its grain supplies
ADNH Catering ups stake in Saudi JV + Direct Debit System acquires the UK software company ElseWare
The CBUAE greenlights launching Nebras Open Finance
Another sukuk listing from Indonesia on Nasdaq Dubai
The three tranches are valued at USD 1.1 bn, USD 900 mn, and USD 750 mn
IHC’s 2PointZero takes part in Archer Aviation’s USD 430 mn equity offering + Mubadala invests in AI firm Crusoe
A portion of the funds will be used to develop a hybrid aircraft
THIS MORNING: Abu Dhabi proposes new virtual asset regulations + New tariff cuts for RAK industry?
Plus: GCAA overhauls private aircraft registration procedures
Complex finance hit its highest level since before the 2008 financial crisis
The structured finance boom is driven by investors seeking higher yields
Emirates REIT’s net income jumps 60% y-o-y in 9M 2024. PLUS: REIT refinances sukuk
The company refinanced its sukuk, offering a 7.5% profit rate
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