Emirates has signed a Memorandum of Understanding (MoU) with Sharjah Entrepreneurship Center (Sheraa) to strengthen and expand the entrepreneurship ecosystem in the UAE.
Al Salam Bank collaborates with ‘talabat’
MANAMA, 3 days ago Al Salam Bank announces the launch of its Ramadan campaign in collaboration with “talabat” - the region’s leading food delivery and q-commerce platform. For the duration of the holy month of Ramadan, starting April 13 until May 12, 2021, new and existing Al Salam prepaid, debit, and credit card holders will avail exclusive offers and chances to win BD500 weekly when using selected “talabat” grocery vendors. Customers using their Al Salam prepaid or credit cards only will avail an automated discount of 25% upon checkout, for every transaction of BD10 or more during the holy month of Ramadan subject to the scheme terms and condition.
neo capital announces $73m JV purchase of property in US
DUBAI, 8 hours, 44 minutes ago Dubai-based neo capital, a leading asset management company, has strengthened its global asset portfolio in the US with the joint-venture acquisition of Harbor Landing, a five-storey, 95% leased Class A multi-family asset in Stamford, Connecticut. The latest acquisition, secured in partnership with Monday Properties for $73 million, provides investors in the UAE and Gulf region with a chance to diversify their investment portfolios in a highly resilient growth market. It follows major neo capital acquisitions in Arlington Virginia and the Netherlands in 2020, and further underscores the company’s strategic trans-Atlantic asset portfolio.
The Digital Cooperation Organisation (DCO), based in Riyadh, announced the joining of the Federal Republic of Nigeria and the Sultanate of Oman, as founding members, joining Bahrain, Jordan, Kuwait, Pakistan, and Saudi Arabia.
Dubai records $6.7bn FDI with 455 projects in 2020
DUBAI, 5 hours, 9 minutes ago Dubai recorded exceptional inflows of foreign direct investment (FDI) in 2020 with 455 projects worth AED24.7 billion ($6.7 billion), a report said. An estimated 18,325 new jobs were created by inbound FDI in 2020, reported state news agency
Wam, citing data from the Dubai FDI Monitor released by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy. This performance places Dubai among the top global FDI locations in 2020, ranking first in the Mena region and fourth globally in attracting greenfield FDI capital, according to the Financial Times’ fDi Markets, the leading global source of data on greenfield FDI.