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Abu Dhabi's ADQ has received approval to acquire Aramex, a leading logistics and supply chain company in the Middle East, listed on the DFM. Aramex has expanded its international network and benefited from the e-commerce boom post-Covid, while also undergoing significant financial and corporate restructuring.
Abu Dhabi's ADQ has received approval to acquire Aramex, a leading logistics and supply chain company in the Middle East, listed on the DFM. Aramex has expanded its international network and benefited from the e-commerce boom post-Covid, while also undergoing significant financial and corporate restructuring.
Tecom Group shareholders are set to receive a dividend of Dh400 million, equating to 8 fils per share. This distribution is scheduled for the second half of 2024, marking a significant return for investors.
Tecom Group shareholders are set to receive a dividend of Dh400 million, equating to 8 fils per share. This distribution is scheduled for the second half of 2024, marking a significant return for investors.
Darwinbox has secured $140 million in funding, co-led by Partners Group and KKR, to enhance its technological capabilities and accelerate global expansion. The HR tech platform, founded in 2015, serves over 1,000 enterprises worldwide and has seen a fivefold increase in international revenue over the past two years. With recent product innovations and recognition in Gartner’s Magic Quadrant, Darwinbox aims to further disrupt the HR market and optimize employee experiences globally.
AIQ has secured a $340 million contract with ADNOC to implement its ENERGYai platform, marking a significant advancement in agentic AI within the energy sector. This three-year initiative aims to optimize ADNOC's upstream operations through workflow automation and enhanced data interaction, contributing to the company's digital transformation and sustainability goals. The first operational version of ENERGYai is expected by mid-2025, initially deploying five AI agents across various upstream assets.
AIQ has secured a $340 million contract with ADNOC to implement its ENERGYai platform, marking a significant advancement in agentic AI within the energy sector. This three-year initiative aims to optimize ADNOC's upstream operations through workflow automation and enhanced data interaction, contributing to the company's digital transformation and sustainability goals. The first operational version of ENERGYai is expected by mid-2025, initially deploying five AI agents across various ADNOC assets.
UAE remittance fintechs are reportedly aligning closely with traditional strategies, achieving a match of up to 98%. However, they are not required to adhere to the same risk parameters or maintain minimum capital levels, a situation that industry leaders believe should be addressed by regulatory authorities.
UAE remittance fintechs are reportedly aligning with traditional strategies up to 98%, yet they are not required to adhere to the same risk parameters or maintain minimum capital levels. This discrepancy has been highlighted by Al Ansari's Deputy CEO, who urges regulatory changes to address these issues with authorities, including the Central Bank.
ProgressSoft has partnered with Fintech Galaxy to enhance Open Banking in the MENA region by establishing national Open Banking hubs. This collaboration aims to improve API connectivity, secure data sharing, and transaction flows among financial institutions, ensuring compliance with regulatory standards and fostering innovation in the financial sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Abu Dhabi's ADQ acquires ownership of logistics giant Aramex
06:23 11.03.2025
Abu Dhabi's ADQ acquires ownership of logistics giant Aramex
06:23 11.03.2025
Tecom Group to distribute Dh400 million dividend to shareholders in 2024
05:56 11.03.2025
Tecom Group to distribute Dh400 million dividend to shareholders in 2024
05:56 11.03.2025
darwinbox secures 140 million for global expansion and innovation in hr tech
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05:43 11.03.2025
AIQ secures 340 million contract to implement agentic AI for ADNOC
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AIQ wins 340 million contract to implement agentic AI for ADNOC operations
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UAE fintechs urged to adhere to same remittance regulations as traditional firms
04:33 11.03.2025
UAE fintechs urged to adhere to same remittance regulations as traditional firms
04:33 11.03.2025
progresssoft and fintech galaxy join forces to enhance open banking in mena
04:17 11.03.2025
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