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Women entrepreneurs in the UAE are making significant strides in digitalization, with over 70% adopting AI to enhance business operations. Despite challenges in accessing funding, many are focusing on growth through market expansion and product development, while Visa and Meta support their efforts through initiatives like the Marketplace for Good event.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and forming new partnerships.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and partnerships.
Abu Dhabi's ADQ has acquired a 58% stake in Aramex, becoming the majority shareholder after a Dh1.5 billion voluntary tender offer. This includes a 35.31% stake from the tender and an existing 22.69% from AD Ports Group, valuing Aramex at approximately Dh4.39 billion. The offer, priced at Dh3.00 per share, represents significant premiums over previous trading averages, and ADQ can accept additional shares until March 24, 2025.
Abu Dhabi's sovereign wealth fund, ADQ, has acquired a 58% stake in Aramex through a Dh1.5 billion voluntary tender offer, which concluded on March 10, 2025. This includes a 35.31% stake from the tender and an existing 22.69% held by AD Ports Group. The offer, executed via ADQ’s subsidiary Q Logistics Holding LLC, was priced at Dh3.00 per share, reflecting a 35% premium to the one-month and a 32% premium to the three-month average price as of January 9, 2025, valuing Aramex at approximately Dh4.39 billion.
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.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
women entrepreneurs embrace digitalization and ai for business growth
09:27 11.03.2025
klaim secures 26 million to enhance healthcare insurance claim payments in mena
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klaim secures 26 million to enhance healthcare insurance claim payments in mena
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Abu Dhabi's ADQ secures majority stake in Aramex with Dh1.5 billion offer
06:27 11.03.2025
Abu Dhabi's ADQ secures majority stake in Aramex with Dh1.5 billion offer
06:27 11.03.2025
Abu Dhabi's ADQ acquires ownership of logistics giant Aramex
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Abu Dhabi's ADQ acquires ownership of logistics giant Aramex
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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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