Mubadala invests in Avanse Financial Services to make more academic dreams a reality in India
Mubadala Investment Company (“Mubadala”), the Abu Dhabi based investment company announced today that it is investing in Avanse Financial Services Ltd. (Avanse), India’s new age, technologically advanced, education-focused non-banking financial company (NBFC). Mubadala led this round of funding through its affiliate Alpha Investment Company LLC with participation from Avendus PE Investment Advisors Private Limited via […]
Ajman Bank Receives BBB+ Fitch Rating with Stable Outlook
Fitch Ratings has affirmed Ajman Bank PJSC’s (AJB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook and Viability Rating (VR) at ‘b+’. Commenting on the achievement, Mr. Mustafa Al Khalfawi, Group CEO of Ajman Bank, said, “We are proud to receive the ‘BBB+’ rating from Fitch, one of the world’s leading credit […]
Businesses from the Middle East and Eurasia account for 32% of SMEs attracted by Dubai International Chamber during 2023
Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that 32% of the total number of Small and Medium-sized Enterprises (SMEs) attracted to Dubai during 2023 were from the Middle East and Eurasia, with Asia and Australia following close behind at 29%. The growing number of SMEs […]
UAE government, ICAO launch Global Accelerator Ambassador Programme
The UAE government launched the Global Accelerators Ambassadors Programme, a-first-of-its-kind project exhibiting cooperation between the Government Accelerators and international organisations. The first cohort started in collaboration with the International Civil Aviation Organisation (ICAO), aiming to share the UAE government accelerators methodology and empower the international organisations taskforces with the knowledge, experience, and tools needed to […]
Security Council passes resolution demanding ‘an immediate ceasefire’ in Gaza during Ramadan
The UN Security Council on Monday passed a resolution demanding an immediate ceasefire in Gaza for the month of Ramadan, the immediate and unconditional release of hostages and “the urgent need to expand the flow” of aid into Gaza. In the substantive vote, there were 14 in favour, with the US abstaining, according to UN […]
Free international calls from Dubai Metro to its users during Ramadan
Dubai Metro’s ‘We Bring You Closer’ Initiative Enables Free Global Connections for Commuters During Ramadan Dubai Metro users are now experiencing the joy of seamless communication with their loved ones worldwide, courtesy of the newly installed phone booths strategically positioned within metro stations. As part of the #RTA’s visionary ‘We Bring You Closer’ initiative, these […]
Mohammed bin Rashid honours winners of the Dubai Government Excellence Awards 2024
His Highness: I am proud of the Government of Dubai for its continual pursuit of excellence and its culture of healthy competition, which ultimately benefits the people it serves Today, the Government of Dubai represents a global model, and we have ambitions in line with our society’s expectations to further enhance government work • Entities […]