BusinessLatest Business and Company Updates
Mergers Set to Transform UAE’s Small Business Landscape
The UAE's small and medium-sized enterprises (SMEs), which make up over 90% of the country's businesses, are witnessing an influx of transformative mergers and acquisitions (M&A) activity. This surge, prompted by a combination of government initiatives and the rise of digital solutions, is expected to redefine the sector’s growth trajectory.
Region
Mira Developments Expands into Oman with Major Investment
Dubai’s Myco Secures $10M in Funding, Eyes Global Growth
Dubai-based Web3 streaming platform Myco has raised $10 million in the first closing of its Series A funding round, pushing its post-money valuation to $80 million. This influx of capital will fuel Myco’s expansion plans and migration to blockchain technology,
Tabreed Secures Approval for $2 Billion Non-Convertible Debt Issuance
Dubai-listed National Central Cooling Company PJSC, known as Tabreed, has obtained shareholder approval to issue up to $2 billion in additional non-convertible debt instruments, including bonds or sukuk. The authorization was granted during the company's Annual General Assembly meeting held
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