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The Very Group, owned by the Barclay family, has seen its credit rating downgraded to CCC-plus by Fitch, indicating a high risk of default on its £2 billion debt. The group is up for sale to repay creditors, including Sheikh Mansour's entities, with ownership expected to change by the end of 2025. The family is under pressure to refinance before debts mature between 2026, while efforts to sell The Telegraph have stalled due to high asking prices.
Qatar has launched the Startup Business Development Grant to enhance research, development, and innovation within early-stage startups and SMEs, aiming to reduce investment risks and expedite commercialization. This initiative aligns with Qatar's Vision 2030, targeting sectors like healthcare, logistics, smart cities, and tourism to position the nation as a global innovation hub. Entrepreneurs can apply through the Innolight platform for eligibility and funding details.
The China-Arab Entrepreneurs Summit 2025, held in the UAE, gathered over 400 leaders to explore economic partnerships, focusing on AI, financial cooperation, and education investment. Minister Abdullah Bin Touk highlighted the UAE's role as China's key partner in MENA, with over $6 billion in Chinese investments. The event concluded with six strategic agreements aimed at enhancing innovation and cross-border collaboration in technology and sustainable industries.
February 2025 marked a significant month for MENA's startup ecosystem, with $55 million in insurtech funding and $28.5 million in logistics. Notable investments included Tabby's $160 million Series E round and a strong focus on B2B startups, which raised $191.6 million across 33 deals. The China-Arab Entrepreneurs Summit highlighted deepening economic ties, with the UAE attracting over $6 billion in Chinese investments, emphasizing AI, financial cooperation, and education as key growth drivers.
The UAE economy experienced a growth of 3.8% in the first nine months of 2024, primarily fueled by advancements in non-oil sectors. This growth reflects the country's ongoing diversification efforts and resilience in the face of global economic challenges.
Lebanon's private sector showed steady growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas.In the UAE, the non-oil private sector maintained growth with a PMI of 55, reflecting improved business conditions and rising new orders. However, firms expressed caution over intense competition and limited job creation, which could impact future growth.
The Medical Devices Reimbursement Market is projected to grow at a CAGR of over 8.6% from 2025 to 2032, driven by evolving market dynamics and investment opportunities. The report provides a comprehensive analysis of regional markets, competitive landscapes, and key players, including BNP Paribas and CVS Health, while highlighting strategies for industry professionals and stakeholders.
J&T Express reported its first annual profit in 2024, achieving a net profit of US$110 million after a loss of US$1.16 billion in 2023. Revenue surged by 15.9% to US$10.26 billion, with parcel volume growing 31% to 24.65 billion. The company strengthened its market position in Southeast Asia and China, while expanding into new markets like Saudi Arabia and the UAE.
Lebanon's private sector showed growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas. Meanwhile, the UAE's non-oil sector maintained steady growth, with a PMI of 55, reflecting improved business conditions and rising new orders, although challenges like intense competition and limited job creation persist.
Dubai's Jumeira Bay has achieved a remarkable milestone by setting a new record for the most expensive villa sold in just 10 months. This development highlights the growing luxury real estate market in the region, attracting high-profile buyers and investors.
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barclay family's very group credit rating downgraded amid financial turmoil
20:10 05.03.2025
Qatar launches grant to boost innovation and support early-stage startups
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China Arab Entrepreneurs Summit 2025 Strengthens Economic Ties and Investment Opportunities
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ninja plans ipo by 2027 amid rising investor interest in logistics sector
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UAE economy expands 3.8 percent in first nine months of 2024
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growth trends in middle east private sectors amid economic challenges
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global medical devices reimbursement market poised for significant growth through 2032
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13:22 05.03.2025
J&T Express reports first annual profit with significant revenue and parcel growth
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Lebanon's private sector growth supported by new business and optimism
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12:29 05.03.2025
jumeira bay villa achieves record price in just ten months
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