Equity Crowdfunding platform Eureeca facilitates US$1.3 million in series A funding for Udrive after going live in record time

“يوريكا” للاستثمار الجماعي تسهّل تمويلاً بقيمة 1.3 مليون

The Middle East’s first car-sharing provider Udrive has raised 103% of the company’s first significant round of capital financing in just 48 hours after going live on the Eureeca.com platform  Eureeca, the first multi-regulated global equity crowdfunding platform, has announced that the UAE-based pay-per-minute car rental service Udrive has raised US$1.3 million from 186 investors in just 48 hours. The raise forms part of Udrive’s series A round of funding from their customers, institutional and everyday investors and continues to be open to investment as the company moves into overfunding.…

Abu Dhabi Securities Exchange and the Tel Aviv  Stock Exchanges sign Memorandum of Understanding

سوق أبوظبي للأوراق المالية و بورصة تل أبيب يوقعان مذكرة تفاهم

Springboard for UAE and Israel companies to access new sources of capital and investment, and to collaborate in the development and commercialization of innovative financial technologies.  Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) have, today, signed a memorandum of understanding (MOU), the first time an Arab exchange has entered into a commercial relationship with the state of Israel. The MOU will facilitate the development of channels of communication to foster co-operation between the two exchanges, and contribute to the growth of the capital markets in…

Abu Dhabi Securities Exchange (ADX) Signs MOU with Sharjah Investment and Development Authority (Shurooq

Abu Dhabi, UAE- 24 November 2020, Abu Dhabi Securities Exchange (ADX) announced today that it has signed a Memorandum of Understanding (MOU) with the Sharjah Investment and Development Authority (Shurooq), with aims to aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, H.E. Mohammed Ali Al Shorafa Al Hammadi, Chairman of ADX witnessed the signing of this agreement between H.E. Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq and Mr. Saeed Hamad…

NOVARTIS sheds light and pioneers in research and activities  to raise awareness on Sickle Cell Disease

نوفارتس تسلّط الضوء على داء فقر الدّم المنجلي

Sickle Cell Disease is one of the most common chronic blood disorders in the world1. Globally around 300,000 babies are born with the disease annually while 300 million people carry the trait.4,9 Gulf is a region with one of the highest prevalence rates of Sickle Cell Disease among Middle Eastern ancestry marking Saudi, Oman, and Bahrain as the countries with the highest rates respectively.17 Sickle cell pain crises or VOCs are considered the clinical hallmark of the disease, and are triggered, in part, by multicellular interactions that form clusters of…

Israel’s INX launches the first-ever US SEC registered security token IPO

Israel’s INX launches the first-ever US SEC registered security token IPO

Dubai, United Arab Emirates, (AETOSWire): Israel’s INX has launched the first-ever SEC-registered security token IPO aiming to raise up to US$117 million (AED430 million) from both retail and institutional investors. The company announced that it has already raised over US$7.5 million (AED28 million) in its initial public offering, exceeding the minimum requirement for the offering. INX has also started accepting payments in Bitcoin (BTC), Ether (ETH) and USD Coin (USDC) at 10am EDT. INX aims to provide a regulated trading platform for digital securities and cryptocurrencies combining traditional markets expertise and…