ABU DHABI Archives

First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes

First Abu Dhabi Bank (FAB) withdrew its offer to buy a controlling stake in Egyptian investment bank EFG Hermes. “After careful consideration and in the context of ongoing global market uncertainty and volatile macroeconomic conditions,...

by WAYA Staff - Apr 14, 2022

Markets

ADP Group to acquire 70% stake in shipping and logistics firm IACC

AD Ports Group (ADP), has reached an agreement to acquire a 70% equity stake in International Associated Cargo Carrier which...

by WAYA Staff - Jul 3, 2022

Tech

Tesla Vehicle Deliveries Falter After China Factory Shutdown

Pending an extended factory shutdown in China due to Covid-19 restrictions and challenges with opening two new factories in Germany...

by WAYA Staff - Jul 3, 2022

Startups

Al Gooru, Saudi’s EdTech platform, raises $1.8m in a seed round

Al Gooru, a KSA-based EdTech platform that provides students with private tutors on an on-demand basis, raises $1.8m in a...

by WAYA Staff - Jul 3, 2022

Markets

Egypt to receive a $500m loan from The World Bank for food security

The World Bank approves a $500m loan to Egypt as part of the bank’s efforts to reduce the impact of...

by WAYA Staff - Jul 3, 2022

Tech

Meta starts testing NFT integration

Meta, formerly known as Facebook, has started testing Ethereum and Polygon NFTs for some U.S. creators on its social network,...

by WAYA Staff - Jul 3, 2022

Startups

Karty, Qatar’s FinTech startup, raises $1.1m in a pre-seed round

Karty, a fintech platform that allows customers to spend, save and manage all their finances from one-app has raised 4.3...

by WAYA Staff - Jul 3, 2022

Startups

Careem acquires UAE’s FinTech platform Denarii

Careem, MENA-based super app, acquires Denarii, a Dubai-based money transfer platform that offers international financial remittance services for both businesses and...

by WAYA Staff - Jul 3, 2022

Reports

Get to Know MENA Region’s Most Notable Startup Funding Rounds this June

Startups raised almost $336 million across the MENA region in just these 10 funding rounds and most investments were in...

by Nouran Allam - Jul 1, 2022

Startups

VC MENA and DFF host a speed investing event to connect startups and VCs

Dubai Future Foundation (DFF) and VC MENA hosted their first 10×10 event to create an efficient platform that connects some...

by WAYA Staff - Jun 30, 2022

Startups

Pure Harvest, UAE’s AgriTech startup, raises $180 million

Pure Harvest Smart Farms, UAE-based sustainable tech-enabled agribusiness, raised $180.5 million in their latest growth funding round. The round included...

by WAYA Staff - Jun 30, 2022

ABU DHABI

First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes

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