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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
ADNH Catering raises $235.2 million in IPO
ADNH Catering offered 900 million shares, or 40 percent of its capital
Economy
Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions
Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel
Banking & Finance
ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank
This move would accelerate Odeabank’s growth and drive tech advancements in financial services
DP World secures 47,000 TEUs to enhance capacity and customer experience
This acquisition reflects its dedication to offering customers dependable and efficient equipment
Banking & Finance
Expand North Star 2024 draws 65 unicorns valued at $400 billion
CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives
Economy
Oil prices recover modestly amid Middle East stability concerns, weak demand
Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel
Banking & Finance
TECOM’s in5 start-up funding reaches $2.1 billion, fueled by Dubai’s supportive innovation frameworks
In5 Science provides a platform for over 35 innovative science start-ups
Economy
AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation
The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements
Banking & Finance
RAK Properties collaborates with Commercial Bank of Dubai on $544.5 million financing agreement
The funding will support RAK Properties' projects, including luxury hotels and residential communities in Mina Al Arab
Economy
Expand North Star 2024: Dubai Chamber of Digital Economy highlights emirate’s business environment advantages
The emirate is fostering digital companies, boosting its reputation as a global digital economy capital
Banking & Finance
Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services
The platform aims to improve government solutions for better service delivery and adaptability
Economy
Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange
The collaboration areas include yacht and marine passenger transport, plus passenger ferries
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