BusinessLatest Business and Company Updates
IHC lifts Invictus stake to 40 per cent
Abu Dhabi-based International Holding Company has increased its ownership in Invictus Investment Company to about 40 per cent after acquiring an additional 17.5 per cent stake in a transaction valued at roughly Dhs420m, signalling a deeper strategic alignment between one of the region’s largest conglomerates and a global commodities trading
General Catalyst Backs PRYPCO in UAE Property Tech Surge
General Catalyst has led a Pre-Series A funding round in PRYPCO, marking its first investment in a proptech venture in the Middle East. PRYPCO, a UAE-based property technology startup, has so far facilitated over AED 10 billion in mortgages, helped
ADNIC consolidates its standing in UAE insurance market
Abu Dhabi National Insurance Company occupies a pivotal place in the UAE’s insurance sector, combining longevity with scale as it navigates a market shaped by regulatory tightening, rising claims costs and growing demand for specialised cover. Founded in 1972 and
Millennium Hotels leans on MENAT for global growth
Millennium Hotels and Resorts is sharpening its expansion strategy by placing the Middle East, North Africa and Turkey at the centre of its global growth plans, using the region’s aviation reach, investment climate and tourism depth to connect Asia with