THE LUXURY CLOSET RAISES $14 MILLION GROWTH CAPITAL

THE LUXURY CLOSET RAISES  MILLION GROWTH CAPITAL

THE LUXURY CLOSET RAISES $14 MILLION GROWTH CAPITAL The leading luxury e-commerce of pre-owned goods announces new financial influx for the global development and expansion of the business The Luxury Closet, the leading GCC online luxury resale marketplace, today announced it has secured a $14 million equity capital raise in a round led by GMP Investments, with participation from regional and international investors including HB Investments, Nazer Group, MEVP, and MLM Investment Company. The capital raised will accelerate The Luxury Closet’s already robust global growth with the company set to…

Quube Exchange and LevelBlox Announce Proposed Merger and Capital Raise to Bring a Cross-Chain Trading and NFT Investment Token Trading Ecosystem to the Global Markets

Quube Exchange and LevelBlox Announce Proposed Merger and Capital Raise to Bring a Cross-Chain Trading and NFT Investment Token Trading Ecosystem to the Global Markets

NEW YORK–(BUSINESS WIRE/AETOSWire)– Following the successful launch of the Quube Exchange platform (quube.exchange), Quantum Warriors OU announces a strategic merger with enterprise software developer LevelBlox, Inc. (OTC: LVBX) and a capital raise and share placement that together will establish Quube Exchange as the leading quantum resistant ecosystem for the emerging cryptocurrency and digital asset trade industry. Quantum Warriors OU, d.b.a. Quube Exchange entered a letter of intent on April 15, 2021, to be acquired through a merger with LevelBlox Inc. Under the intended agreement, LevelBlox will issue shareholders of Quube…

Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

USD Income Fund generates an annual return of 8% while USD Mutajara Fund registers healthy 5% returns Jeddah, Saudi Arabia, March 24, 2021, (AETOSWire) – Sidra Capital, a Shari’ah compliant asset management firm headquartered in Jeddah, Saudi Arabia and regulated by the Capital Market Authority (CMA), has announced healthy annual returns on two of its US Dollar-denominated funds: the USD Income Fund, which generated above-target returns of 8%, and the US Dollar Mutajara Fund, which met its targeted return of 5% for 2020. The returns are especially impressive in light…

Abu Dhabi’s Technology Innovation Institute to Build UAE’s First Quantum Computer

Abu Dhabi’s Technology Innovation Institute to Build UAE’s First Quantum Computer

The Institute will construct the computer at its Quantum Research Centre labs, in collaboration with Barcelona-based Qilimanjaro Quantum Tech Abu Dhabi, United Arab Emirates, 23 March 2021, (AETOSWire) – Work is underway to build a quantum computer in Abu Dhabi, in the United Arab Emirates, ushering an important milestone for the region in this breakthrough era in computing. Technology Innovation Institute (TII), the dedicated ‘applied research’ pillar of Abu Dhabi’s newly established Advanced Technology Research Council (ATRC), today announced that its Quantum Research Centre (QRC) team led by its Chief…

Lootah Real Estate Development’s fractional ownership platform receives over 3,000 enquiries in 2 months

منصة استثمارية لـ”لوتاه لتطوير العقارات” تتلقى 3,000 استفساراً

Lootah Real Estate Development’s fractional ownership platform receives over 3,000 enquiries in 2 months Surge in interest reflects a robust demand for property investment in the UAE, especially from first-time investors Real Share platform allows local and international investors to invest as low as AED5,000, with annual returns ranging from 6 to 9 per cent* The fractional ownership platform of Lootah Real Estate Development (LRED), one of the region’s most prominent real estate developers, has received over 3,000 enquiries since its launch in December, indicating a robust demand for property…

Shop and Revel with Surprises at Deerfields Mall Last week to Spend and Win Surprises at Deerfields Mall

Shop and Revel with Surprises at Deerfields Mall Last week to Spend and Win Surprises at Deerfields Mall

Deerfields Mall continues to celebrate your shopping through the 7 week-long spend and win campaign until 27 March 2021. With only one more week left Deerfields Mall is inviting all of you shoppers in the capital to come on over for a fun-filled experience. The massive retail hub wants you to make the most out of your shopping sprees. Present your receipts worth of only AED 200 spent at any retail outlet including spas, salons, entertainment centres and even the kiosks – or AED 500 spent at Carrefour, and you…

ADEK OPENS APPLICATION FOR ABU DHABI SCHOLARSHIPS FOR DISTINGUISHED STUDENTS

فتح باب تقديم الطلبات لبرنامج بعثات أبوظبي للطلبة المتميزين

Application opens 21 March and closes 3 April for high-performing Emirati Grade 12 / Year 13 students and undergraduates aged 24 and under Students accepted at the world’s top 20 universities are eligible for a fast-track scholarship application process Outstanding Abu Dhabi scholars to receive end-to-end academic, career and personal development guidance in-line with the emirate’s future labor market needs  The Abu Dhabi Department of Education and Knowledge (ADEK) announced opening application for the Abu Dhabi Scholarships for Distinguished Students – a premier program for Abu Dhabi’s outstanding Emirati students…

ICC UAE Banking Commission tops on world stage Ahmad Lootah re-elected Chairman for 2021-2023 term of office

ICC UAE Banking Commission tops on world stage

The International Chamber of Commerce, United Arab Emirates (ICC UAE) Banking Commission has been identified as a top performing Commission within the ICC global network during 2020. Speaking at the General Assembly Meeting (GAM) of the ICC UAE Banking Commission held online Ahmad Lootah, Chairman of the ICC UAE Banking Commission, said: “The ICC UAE Banking Commission has been identified as one of the two top performing Commissions in the world in 2020.” The GAM also elected a new steering committee for 2021- 2023. Ahmad Lootah, CEO & Managing Director,…

Shiv Nadar University Delhi NCR Conferred ‘Institution of Eminence’ Status by Government of India

Shiv Nadar University Delhi NCR Conferred ‘Institution of Eminence’ Status by Government of India

GREATER NOIDA, India–(BUSINESS WIRE/AETOSWire)— Shiv Nadar University (Delhi NCR) has signed a Memorandum of Understanding (MoU) with the Ministry of Education, Government of India, for granting of the prestigious status of ‘Institution of Eminence Deemed to be University’ (IoE). With this MoU, it has become the youngest recognized IoE and part of the hallowed league of top 20 public and private institutions mandated to elevate Indian higher education on the global stage with complete academic and administrative autonomy. “This is a historic achievement in the journey of what we now proudly call…

Saudi banks have thrived rather than survived ; a dynamic outlook for 2021

كي بي إم جي: توقعات باستمرار قوة أداء القطاع المصرفي

KPMG Report: Despite pandemic, Saudi banks have thrived rather than survived; a dynamic outlook for 2021  KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year. Backed by government reforms, halt in credit losses (ECL), stable liquidity, stronger CAR, and transformational changes, banks are heralding stable year, as compared to a shaky outlook in the corresponding period last year. KPMG reported that the 11 Tadawul-listed banks stayed resilient at the end of 31 December 2020 reflecting signs of recovery since uncertainties…