FRAUD Archives

Abu Dhabi’s IHC plans to sell stake in two Adani group companies

Abu Dhabi-based International Holding Company IHC announced it will sell its stake in two of India’s Adani Group companies. The IHC is UAE’s largest publicly traded company worth more than 235.98 billion USD. IHC’s move comes as billionaire...

by WAYA Staff - Oct 2, 2023

Tech

Microsoft Invests USD1.5 Billion in G42 for Global AI Advancement

– Microsoft injects $1.5 billion investment into Abu Dhabi-based G42, fostering a strategic partnership for global AI development. – The...

by WAYA Staff - Apr 18, 2024

Markets

IMF Boosts Saudi Economy Growth Forecast to 6% by 2025

IMF raises Saudi Arabia’s economic growth forecast to 6% by 2025, up from the earlier projection of 5.5%, with a...

by WAYA Staff - Apr 18, 2024

Money

UAE-based SME Fintech Firm Fortis Closes USD20 Million Series A funding Round

– UAE-based SME fintech firm, Fortis, successfully concludes a $20 million Series A funding round. – The funding, led by...

by WAYA Staff - Apr 17, 2024

Money

Verod-Kepple Africa Ventures Concludes USD60 Million Pan-African Venture Fund

Verod-Kepple Africa Ventures (VKAV) concludes its pan-African venture fund with a final close of US$60 million, focusing on scalable, tech-enabled...

by WAYA Staff - Apr 16, 2024

Energy

Egypt Embarks On Constructing Solar Power Stations Valued at USD20 Million

– Egypt announces plans for two solar power stations, worth a combined $20.60 million, financed by the European Union. – The...

by WAYA Staff - Apr 16, 2024

Money

UAE’s U-topia Raises USD850K in Funding

– UAE’s U-topia secures $850K in funding from GDA Capital for Web3 entertainment endeavors. – CEO Emmanuel Quezada leads U-topia’s...

by WAYA Staff - Apr 16, 2024

Money

EU Commits To Provide Egypt with 1 Billion Euros in Financial Assistance

– The European Union pledges 1 billion euros ($1.07 billion) in short-term financial aid to Egypt to support its economy....

by WAYA Media - Apr 15, 2024

Energy

Mubadala-backed Atvos Set to Build $69 Million Biomethane Plant in Brazil

– Atvos, backed by Mubadala, seals $69 million deal for the biomethane plant in Brazil. – First-of-its-kind biomethane facility by...

by WAYA Staff - Apr 15, 2024

Money

British Steel Secures Significant Rail Supply Contract in Egypt

British Steel secures multi-million-pound contract to supply rail infrastructure for Egypt’s Green Line railway, spanning 660km from the Red Sea...

by WAYA Staff - Apr 8, 2024

Markets

‘Reef Saudi’ Invests USD16.2 Million to Elevate Saudi Arabia’s Coffee Production

– ‘Reef Saudi’ injects $16.2 million to enhance Saudi Arabia’s coffee production, aiming to reach 7,000 tons annually by 2026....

by WAYA Staff - Apr 8, 2024

FRAUD

Abu Dhabi’s IHC plans to sell stake in two Adani group companies

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