Markaz: GCC IPOs raise USD 3.4 billion in H1 2025
Saudi Arabia is expecting to continue its dominance in the IPO market with strong activity across multiple sectors by PIF-led listing while the UAE expects to witness activity in the industrials and technology sectors. Moreover, Kuwait's Capital Markets Authority has officially launched a new regulatory framework to support the listing and trading of emerging companies on Boursa Kuwait in hopes to encourage public listings and enhance the Kuwaiti market
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Al Bawaba
an hour ago
- Al Bawaba
Emirates touches down in Damascus to connect travellers with its network once again
Emirates yesterday officially returned to the Syrian capital Damascus, putting the 'City of Jasmine' back on its expansive network of Middle East destinations. The world's largest international airline is ready to reconnect travellers with the city and destinations across six EK913 arrived at 2:30 pm with 286 passengers onboard and was celebrated upon arrival at Damascus International Airport, greeted with a water cannon salute.H.E. Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the UAE Space Agency headed the UAE delegation along with Emirates executives who were onboard the flight and led the ceremony upon arrival, including Adel Al Redha, Deputy President and Chief Operations Officer; Sheikh Majid Al Mualla, Divisional Senior Vice President International Affairs; Adil Al Ghaith, Senior Vice President Commercial Operations (Centre); Sami Aqil, Senior Vice President – Emirates Airport Services Outstation and Business Support; Nick Moore, Senior Vice President, Passenger and Hub operations and Ahmad Al Khamis – Vice President, Aeropolitical delegation also included H.E Omar Bin Ghaleb, Deputy Director General, UAE General Civil Aviation Authority; H.E Obaid Saif Mohammed Alnuaimi, Executive Director Aviation Security and Accident Investigation Sector, Dubai Civil Aviation Authority; Hamad Ibrahim Essa Taher, Head of Aviation Security, Dubai Civil Aviation Authority; and Ahmed Saqer Al Marri, Dubai Group Security, Dubai Police; in addition to UAE media and other distinguished first flight was welcomed by a VIP delegation including H.E. Hasan Ahmed Al-Shehhi, Ambassador of the United Arab Emirates to Syria; Amjad Nakhal, Director of the Chairman's Office, General Authority of Civil Aviation; Anis Fallouh, Director of Damascus International Airport; Colonel Omar Abdel Baqi, Head of Security, Damascus International Airport and Alaa Sallal, Director of PR, General Authority of Civil Aviation; in the presence of other representatives of the General Authority of Civil Aviation and Damascus International Airport, as well as Al Ghaith, Emirates' Senior Vice President Commercial Operations (Centre) highlighted the significance of the airline's operations to the Syrian capital. He said: 'Today marks a significant milestone as we celebrate the return of Emirates to Damascus. By providing our services and connecting Damascus to the world, we are helping to reunite families, friends, and communities who have long awaited easier access to their loved ones.'The UAE and Syria have historically enjoyed strong bilateral ties and the country has always been an important market for Emirates, since our first flights to the country in 1988. Through our passenger operations, we aim to serve as a vital facilitator for tourism, trade and investment and, in connecting Syria to almost 150 destinations across our network, we hope to be a valuable enabler of its recovery. We would like to thank the Syrian and UAE authorities and General Authority of Civil Aviation for their cooperation and commitment to making the resumption of services possible.'Senior members of the Syrian delegation, Emirates' leadership and VIPs from Dubai participated in a cake-cutting ceremony and symbolic gift exchange to commemorate the restart of services and long-standing partnership with the Sallal, Director of Public Relations at the General Authority of Civil Aviation, Syria, stated: "The teams from the Syrian Civil Aviation Authority and the United Arab Emirates worked tirelessly, through high-level coordination and a shared vision, to meet all requirements necessary to resume air operations. These fruitful efforts culminated in the successful reinstatement of Emirates' flights to Damascus – a step that reflects the depth of cooperation between both sides and their shared commitment to strengthening fraternal and economic ties."Emirates' services to Damascus will initially operate three times per week, on Monday, Wednesday and Sunday, with plans to increase services to four-weekly from 2 August* with an additional flight on Saturday. Emirates will expand its services to Damascus to daily operations effective 26 October*. Emirates customers flying to and from Damascus will also benefit from the airline's codeshare partnership with flydubai, which will complement its flight schedule and network, providing more options and convenience when flying in and out of the Syrian Emirates Boeing 777-200LR aircraft operating to and from Damascus features 38 Business Class seats alongside 264 seats in Economy Class. Emirates Business Class on the Damascus service will feature a 2-2-2 configuration. Travellers flying to and from Damascus with Emirates can enjoy the best experience in the sky with an unmatched culinary experience, including mezze appetisers followed by local and international dishes to choose from. Emirates' in-flight dining is prepared by a team of chefs from all over the world, including Syrian hands. Emirates' signature mezze is prepared from a diverse spread of quality ingredients, many of which are Syrian products including tahini paste, red pepper paste and olive can also sit back and relax with up to 6,500 channels of carefully curated entertainment, including close to 650 channels of Arabic content, including movies, TV shows, music, podcasts, games, audiobooks and more with ice, Emirates' award-winning inflight entertainment system. Passengers travelling on the route can watch from a selection of 41 popular Syrian series and dramas including Nafas, Bi Al Dam, and Tout Al Aswad. Up to 380 Arabic movies are also available to view including 51 new can be booked by visiting Tickets can also be booked on Emirates App, Emirates contact centre, or via travel commenced services to Damascus in 1988, and prior to suspending operations in 2012 the airline carried over 2.1 million passengers in and out of Syria. The airline currently flies to 14 cities in the Middle East/GCC, serving the region with a total of 194 weekly flights.
Al Bawaba
an hour ago
- Al Bawaba
Alkhabeer Capital and Fasanara Capital Sign Strategic Partnership Agreement to Unlock Fintech Private Credit in Saudi Arabia
Alkhabeer Capital, a prominent asset manager specializing in financial services and brokerage services, signed a strategic partnership agreement with Fasanara Capital, a USD 5 billion global asset manager specializing in technology-enabled credit solutions, during an exclusive event held in Jeddah under the theme 'Fintech-Originated Private Credit – the Asset Class and its Potential in the event gathered senior institutional investors, financial market stakeholders, and representatives from both firms to explore the transformative potential of fintech-originated private credit as a new frontier in the Saudi investment on the event, Ahmed Saud Ghouth, CEO of Alkhabeer Capital, stated: "Saudi Arabia's investment landscape is undergoing rapid transformation, driven by digitalization, innovation, and a push for diversified capital formation. Our partnership with Fasanara Capital reflects a shared ambition to pioneer new asset classes that respond to the evolving needs of investors and align with the objectives of Vision 2030. The signing of this MoU is a key milestone in our joint mission to unlock fintech private credit opportunities in the Kingdom."Francesco Filia, Founder & Chief Executive Officer, Fasanara Capital said: 'We are excited to partner with Alkhabeer Capital to introduce fintech-originated private credit to the Saudi market. This collaboration represents a significant step toward building a more inclusive and technologically advanced financial ecosystem. By leveraging data-driven lending models and next-generation credit infrastructure, we aim to deliver scalable, transparent, and risk-conscious solutions that address the growing demand for alternative fixed-income strategies in the Kingdom'.The event featured insights into global trends in alternative credit markets, showcasing how fintech is reshaping private credit through more efficient, scalable, and transparent investment models. Presentations highlighted the structure and investment mechanics of fintech-originated credit and how these models can deliver compelling risk-adjusted returns while meeting demand for diversified, income-generating strategies. Alkhabeer Capital is one of the leading capital market institutions in Saudi Arabia, authorized by the Capital Market Authority under License No. 07074-37 and headquartered in Jeddah, Kingdom of Saudi Arabia, with a branch in Riyadh. The Company provides innovative world-class investment products and solutions in private equity, financial markets, and real estate investments, in addition to offering investment banking and brokerage services.
Al Bawaba
an hour ago
- Al Bawaba
BUiD Hosts 3rd International Conference on Cyber Resilience (ICCR-2025)
The British University in Dubai (BUiD) hosted the 3rd International Conference on Cyber Resilience (ICCR-2025) in partnership with leading academic institutions from the UAE and Malaysia and delivered in collaboration with a network of strategic partners committed to advancing world-class scholarship, education, and research. These partnerships reflect a shared dedication to innovation, cybersecurity excellence, and academic leadership, aligning seamlessly with ICCR's mission and Conference brought together a distinguished international community of scholars, researchers, and cybersecurity professionals to discuss the latest advancements and challenges in building cyber-resilient digital in a hybrid format, ICCR 2025 covered critical themes such as Cybersecurity and AI, Blockchain and Cryptocurrency Security, Digital Forensics, Cyber Law and Policy, Smart Cities, and Cybersecurity in Healthcare and Finance. The two-day conference facilitated high-level academic discourse, hands-on insights, and networking opportunities for participants from across the Khaled Shaalan, head of PhD Computer Science programme and conference Chair, said 'In today's hyperconnected world, cyber resilience is the backbone of trust, innovation, and sustainable progress. ICCR 2025 brings together brilliant minds from academia and industry to not only confront today's cybersecurity threats but to collaboratively shape a safer digital future.'All accepted papers for ICCR 2025 will be included in the conference proceedings and submitted for potential inclusion in IEEE Xplore, provided they meet IEEE Xplore's scope and quality standards. the International Conference on Cyber Resilience (ICCR) is an annual academic gathering focused on advancing cyber resilience through research, education, and interdisciplinary collaboration. Hosted by BUiD, ICCR provided a global forum for exploring the latest scientific and practical approaches to safeguarding digital infrastructures. It brought together brilliant minds from academia and industry to collaboratively shape a safer digital future.'
