Mashreq completes sale of 65% stake in Neopay for USD 385 mn
Neopay plans to scale its operations and enter new markets
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Neopay plans to scale its operations and enter new markets
Plus: Abu Dhabi launches ADRA to streamline business registration
ALSO- Sharjah SME Ruwad launched an AED 800k industrial sector financing program
Plus: Emarat and Lootah Biofuels team up on renewable energy initiatives
The transaction is slated to close in 1Q 2025
Plus: Sharjah greenlights 2025 budget
The Middle East saw inbound and domestic M&A activity surge 88% y-o-y
Plus: The UAE’s consumer spending is expected to rise by 4.3% y-o-y in 2025
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