DUBAI Archives

Dubai Aerospace Enterprise secures $800M financing

UAE-based airplane lessor Dubai Aerospace Enterprise (DAE) has signed new senior unsecured term financing deals for a total of $800 million, with a weighted average maturity of 5.5 years. “The signing of these financing facilities...

by WAYA Staff - Dec 27, 2022

Startups

Careem in early negotiations with UAE’s e& for Super App funding

Careem, an Uber Technolgies subsidiary, is in early talks with Emirates Telecommunications Group company, to invest in its new beyond ride-hailing services. The company...

by WAYA Staff - Mar 30, 2023

Money

SRMG announced SRMG Ventures launch to invest in media industry

Saudi-based media group SRMG has launched a new venture capital, SRMG Ventures, that will fund entrepeneurs and companies working in the...

by WAYA Staff - Mar 30, 2023

Startups

Egypt’s Acasia Ventures joins 1US$m investment round in Fez Delivery

Egyptian venture capital firm Acasia Ventures has joined the US$1 million seed investment round in Lagos-based last-mile delivery platform Fez Delivery. The round...

by WAYA Staff - Mar 30, 2023

Real Estate

A Developments invests 800m EGP to develop innovation district project

The Sovereign Fund of Egypt (TSFE) and A Developments have signed an agreement to revamp the Ministry of Interior’s Lazoghli headquarters in...

by WAYA Staff - Mar 29, 2023

Markets

Japan invests $336m in Egypt’s health insurance system

Egypt, JICA signed a US$335.5 agreement to develop the Universal Health Insurance System, according to a statement by Finance Ministry....

by WAYA Staff - Mar 29, 2023

Money

Abu Dhabi’s Noor Capital fully acquires House of Borse

Abu Dhabi-based investment company Noor Capital has fully acquired UK’s House of Borse (HOB) to be the largest acquisition of a UK entity by a UAE...

by WAYA Staff - Mar 29, 2023

Energy

ADNOC, BP bid to take 50% of NewMed Energy

British oil company BP and Abdu Dhabi’s ADNOC announced their offer to take 50% in Israeli offshore natural gas producer...

by WAYA Staff - Mar 28, 2023

Startups

Chefaa collaborates with Baheya Hospital to empower women’s health

The digital pharmaceutical platform, Chefaa, collaborates with Baheya Hospital to support the breast cancer treatment hospital through various tech-enabled patient-centric services. The co-operation comes in parallel with the coming opening of the first...

by WAYA Staff - Mar 28, 2023

<strong>US</strong><strong>$2b</strong><strong> chinese investment</strong><strong> in Suez Canal Economic Zone</strong>

Money

US$2b chinese investment in Suez Canal Economic Zone

Chinese company Xinxing Ductile Iron Pipes is to invest US$2 billion in iron amd steel plants in the Suez Canal Economic Zone (SCZone), Egypt’s...

by WAYA Staff - Mar 28, 2023

Tech

‘InstaPay’ transactions hit 112.7b EGP within one year

The Central Bank of Egypt (CBE) said that 2.16 million customers registered on the “InstaPay” payments application during the first year of its establishment. The CBE said the...

by WAYA Staff - Mar 27, 2023

DUBAI

Dubai Aerospace Enterprise secures $800M financing

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