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Select Group, a Dubai-based developer, has acquired a luxury hotel in the United Kingdom as part of the company’s diversification and growth strategy. The property, Mere Golf Resort and Spa, is located in the English town of Knutsford. It also Read more
The Dubai government has approved $11.98 million worth of new social benefits for Emiratis with disabilities in the emirate, state-run agency WAM reports. The benefits will be available for those under 60, who have physical or mental impairments and require Read more
Dubai-based start-up YAP, which operates a digital banking app, has raised $41 million to fund its expansion in the Middle East, Africa and Pakistan, Zawya reports. The investors include Saudi Arabia’s Aljazira Capital alongside Abu Dawood Group, Astra Group and Read more
Etihad Rail, the developer and operator of the UAE national railway network, has signed a 1.2-billion-dirham ($327 million) agreement with Spain’s CAF Group for designing, manufacturing, supplying and maintaining passenger trains, Zawya reports. Per the deal, CAF will design, manufacture, Read more
Dubai-listed logistics and courier giant Aramex has announced it will raise the company’s foreign ownership limit from 49 percent to 100 percent as it embarks on the next stage of its growth and expansion strategy, Zawya reports. The decision came Read more
Dubai-based Shipa Freight, the digital freight forwarding arm of Kuwait’s logistics and warehouse provider Agility, is merging with Barcelona’s online freight platform, iContainers, Zawya reports. Per the merger deal, Shipa Freight and iContainers will combine technology platforms and operations, which Read more
Riyadh-headquartered B2B ecommerce marketplace Retailo has announced the acquisition of Dubai-based online marketplace DXBUY for an undisclosed investment, after the company raised $36 million for its Series A round in February this year. The platform in a statement said the Read more
An Emirati court in Dubai has sentenced Israeli women to prison after she was charged for possessing drugs in the Gulf country, reports say. Israel’s Channel 12, Middle East Monitor (MEMO) notes, reported that the woman identified as Fidaa Kiwan, Read more
Car rental tech platform Selfdrive, based in Dubai, is expanding to Qatar and Bahrain as part of its growth plans, reports say. The company said it expects to acquire as much as 65% of the digital rental market share in Read more
Raghavan Seetharaman, the veteran CEO of Doha Bank has resigned after 15 years of service at one of the biggest commercial banks in Qatar, Zawya reports. It is unclear why the Indian man has resigned as the bank did not Read more