Kalpesh Desai

Abu Dhabi ADQ, Oman Investment Authority (OIA), and represented by ITHCA Group are launching a new $180 million focused-technology fund to advance digital economy in Oman, Middle East & North Africa region.  Thee new $180 million focused-technology fund (Jasoor Fund) will invest in Small & Medium Enterprises (SMEs) and startups in sectors including fintech, edtech, healthtech, cleantech, food and agriculture & logistics. Read - https://lnkd.in/gB8D5Tus follow Caproasia | Driving the future of Asia Abu Dhabi ADQ, Oman Investment Authority (OIA), and represented by ITHCA Group are launching a new $180 million focused-technology fund to advance digital economy in Oman, Middle East & North Africa region.  The new $180 million focused-technology fund (Jasoor Fund) will invest in Small & Medium Enterprises (SMEs) and startups in sectors including fintech, edtech, healthtech, cleantech, food and agriculture & logistics.  Announcement (23/4/24): “ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a USD 180 million technology-focused fund, Jasoor Fund (the Fund), with Oman Investment Authority (OIA) and represented by ITHCA Group. This commitment is part of broader framework agreement signed between both parties in 2022.  The Fund aims to bolster the digital economy in the Sultanate as well as the wider MENA region by supporting high-growth technology companies in sectors such as FinTech, EdTech, HealthTech, cleantech, food and agriculture, and logistics. Its core focus will be on innovative technology companies established in the Sultanate, in addition to technology startups in other countries in the region. It will undertake investments high-growth technology companies at various stages of development that have established business models.  In 2022, ADQ and OIA identified investment opportunities worth over USD 8 billion in key sectors of Oman’s economy. The partnership aims to contribute to increased economic cooperation and trade between both nations.”

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Abu Dhabi Royal’s Firms, IPOs Propel UAE Bourses to $1 Trillion - Milestone has been long-coveted by Abu Dhabi’s ruling family - Firms tied to Sheikh Tahnoon represent large part of market Stocks listed in the United Arab Emirates are now worth more than $1 trillion for the first time, helped by a surge in firms tied to an Abu Dhabi royal that account for more than a third of the total value, and a flurry of local listings. That makes the combined UAE market, which includes exchanges in Dubai and Abu Dhabi, bigger than Milan or Madrid. While dwarfed by the nearly $3 trillion Saudi Arabian bourse, the UAE is larger than most emerging markets, barring a few like India and China, according to data compiled by Bloomberg. #venturecapital #fundraising #investing Supercap Group Abu Dhabi Investment Authority (ADIA)

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Dubai continues to attract more players to the MENA region International firms continue to seek compliant platforms and clarity of regulation for their global digital asset clients. The UAE is ideally positioned to attract and support such flows across regions, it’s a firmly established trend. #cryptocurrency #digitassets #bitcoin #ethereum #UAE #MENA #Dubai #AbuDhabi #VARA #DIFC GRIP (DIFC) • Investments

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Al Etihad Payments (AEP), a subsidiary of the Central Bank of The UAE (CBUAE), has partnered with G42's Core42 to initiate the implementation of #OpenFinance in the #UAE. This collaboration aims to establish global standards for open finance and enhance #digital #financialinclusion. Open Finance facilitates secure data sharing and financial transactions, promoting innovation and customer-centric services. Under CBUAE regulations, Open Finance will begin with Open Banking followed by Open Insurance, reaching the majority of customers by 2024. AEP has engaged Ozone API and Raidiam as technology providers within the Core42-led consortium for Open Finance Implementation. This initiative is part of CBUAE’s Financial Infrastructure Transformation (FIT) Programme, which aims to advance the UAE's financial services industry, accelerate digital financial services adoption, and provide consumers with innovative and secure financial products and services. The UAE leads globally in implementing a consolidated trust framework and centralised API hub, ensuring secure access to banking and insurance markets with customer consent. With the launch of Open Finance, Al Etihad Payments is strengthening the UAE's financial services sector and establishing itself as a leader in the global open finance movement. This is an exciting development that will benefit consumers and businesses alike. “The implementation of Open Finance marks a significant advancement in the UAE’s financial services industry and its financial #infrastructure transformation. It will accelerate the adoption of digital financial services, providing more innovative and safer digital financial products and services in the country. In addition, it will provide a seamless financial experience, ensuring consumers have control over their finances and efficient access to a diverse range of financial products.” - Fatma Al Jabri, Assistant Governor for Financial Crime, Market Conduct and Consumer Protection at the CBUAE. Jan Pilbauer #openbanking #fintech #digitalbanking #psp #payments #finance #fraud #‍digitalbanking #dubai #abudhabi #eu #innovation #startups #sustainability #law #fintech #ksa #india #crypto #leadership #lawenforcement #technology #banking #management #openinsurance #digitalwallets #wallets The Fraud Fellas‍‍

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Muna Al Gurg: Innovation in Family Governance and Business ✨ Brought to you in collaboration with First Abu Dhabi Bank (FAB) Private Banking as part of the special series, Leadership & Innovation Muna Al Gurg has been instrumental in shaping innovative approaches in her family’s firm. She fondly remembers the stories her father, and company founder, Easa Saleh Al Gurg, told her about navigating the business through Dubai’s early development period in the 70s and 80s. Those experiences helped reinforce Muna’s belief that the ability to adapt in ever-shifting commercial landscapes lies at the core of most family enterprises – especially in the MENA region, with its history of frequent and swift transformations. 💫 However, she also stresses the importance of establishing a solid governance foundation to support the critical decision-making process of current and future family business leaders. Muna credits her father’s time as a post office clerk — a position he was fiercely proud of — as a grounding influence in the family business, while also showing what can be accomplished through unwavering hard work and ambition. 🚀 🎙️📺📖 Listen to the full episode with Muna Al Gurg, Vice Chair and Director of Retail for the Easa Saleh Al Gurg Group, watch the highlight video and read the key takeaways: https://bit.ly/47Eev2W 👀 See more about this collaboration: https://bit.ly/3QCIy3Y #familybusiness #governance #leadership #innovation #strategy #success #legacy #uae #dubai #ambition #content #podcast #article #insights #advice

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Especially in the tech sector, Abu Dhabi is positioning itself as a leader in the GCC startup ecosystem. It has never been easier to turn ideas into successful businesses thanks to government initiatives such as interest-free loans. #uae #abudhabi #business #growth #startups #funding #government #strategy

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Paymentology and #Zand will enable fintechs to thrive by offering a range of specialised services, including #BIN-sponsorship, #virtual #IBANs, and Client Money Accounts. These services are designed to help fintechs launch and scale faster, providing them with the infrastructure to bring their solutions to market efficiently. The timing aligns with the #UAE government’s push to establish a strong digital economy through the UAE Digital Economy Strategy, which aims to double the sector’s contribution to the nation’s GDP from 9.7% (April 2022) to 19.4% over the next decade.

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ADIA establishes subsidiary in India’s GIFT City. The Abu Dhabi Investment Authority (ADIA) has launched a new subsidiary in India’s GIFT City after receiving regulatory approval from the IFSCA. This marks a major step in ADIA’s ongoing investment expansion in India. https://lnkd.in/gQNij4wW Abu Dhabi Investment Authority (ADIA) ADIA/ community corner GIFTCITY FINANCIALHUB International Financial Services Centres Authority IFSCA Official #india #financialservices #investments #publicequity #privateequity MENA Newswire #abudhabi #financialhub #subsidiary #expansion

Lulu Retail to Offer 25% Stake in IPO on ADX. Lulu Retail Holdings, a retail giant in the GCC region, as they announce plans to float 25% of the company on the Abu Dhabi Securities Exchange (ADX). This IPO is expected to draw significant attention across the region. 🔹 IPO Details: 2.58 billion shares will be offered from Oct. 28 to Nov. 5, with the final price to be set on Nov. 6. 🔹 Lulu’s Market Presence: Operating 240 stores across 6 countries, Lulu has solidified its market dominance, including 103 stores in the UAE alone. 🔹 Strategic Growth: Lulu’s Chairman, Yusuff Ali, highlights the importance of GCC nations like Saudi Arabia and the UAE in driving demographic trends and economic growth. 🔹 Saudi Expansion: Lulu is further expanding its presence in Saudi Arabia with new hypermarkets in Makkah and Madinah, contributing to the $100 billion retail market opportunity in the GCC over the next 5 years. 🔹 A Promising Investment: With a 75% dividend payout strategy and a focus on growth through operational efficiencies, store expansion, and private label offerings, Lulu is positioning itself for long-term success. Why This Matters: As an entrepreneur focused on strategic partnerships and investor advisory in KSA, this IPO presents a unique opportunity for business matchmaking, M&A facilitation, and tapping into the retail growth surge in Saudi Arabia. It’s time to explore partnerships that align with this retail giant’s vision and expansion in the Kingdom. #LuluRetail #IPO #RetailGrowth #ADX #SaudiVision2030 #SaudiBusiness #InvestmentOpportunity #FDI #InvestorAdvisory #MergersAndAcquisitions #BusinessStrategy #GCCMarkets #Shan

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Tech-savvy #Saudis push #consumer #fintech to new heights, with innovations such as buy now, pay later gaining significant traction Industry experts, Arjun Vir Singh, described the Kingdom’s consumer #finance landscape as undergoing a natural evolution, with an increasing array of financial products tailored to meet the diverse needs of its expanding market. “There is no doubt that the market is maturing, and we are witnessing growth across multiple consumer finance segments,” he said. 🔶 Types of #personal #lending: - P2P lending is emerging as an alternative to traditional banking credit, facilitating loans between individuals without intermediaries. - Earned Wage Access is another growing segment in the Kingdom’s evolving financial ecosystem. 🔶 The #power of strong #regulations: According to Abdulla Almoayed, CEO of open banking leader Tarabut, consumer lending growth is further supported by strong regulatory backing from the Kingdom’s central bank, which has played a proactive role in introducing frameworks that encourage fintech growth while ensuring consumer protection. “We are seeing, today, a deeper focus on building a more personalized and accessible financial ecosystem,” 🔶 Powered by #BNPL - BNPL has emerged as a prominent force in the Kingdom’s consumer finance landscape. Abdulla mentioned “For many Saudi consumers, BNPL provides a more culturally acceptable alternative to traditional credit, as it is framed as a manageable, interest-free option rather than long-term debt accumulation,” “We have been observing a surge in demand for BNPL spearheaded by the likes of Tabby and Tamara,” Singh said. According to Singh, the Saudi BNPL market is expected to grow from $1.4 billion in 2024 to $2.8 billion by 2029, at a compound annual growth rate of over 10 percent. Source: Arab News

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Abu Dhabi Investment Firm Lunate Takes On AI Firm G42’s China Fund Key points: Lunate, an entity under #AbuDhabi's International Holding Company (ADX:IHC), takes control of the China-focused 42XFund previously managed by #AI firm G42. The 42XFund, now managed by Lunate, holds stakes in major Chinese #technology firms such as ByteDance and JD. G42, initially focused on AI dominance in the Middle East, shifts focus under CEO Peng Xiao to Western markets, attracting #investments including $1.5 billion from Microsoft. Lunate's involvement in managing 42XFund raises questions about alignment with US strategic interests amidst broader geopolitical tensions. https://lnkd.in/e-TqjyG2

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Tether, the largest digital asset issuer, and Fuze, a platform facilitating digital asset transactions in the Middle East, have joined forces to push for digital asset education. Through a Memorandum of Understanding (MoU), they aim to advocate for the mainstream adoption of digital assets like #Bitcoin and #stablecoins such as Tether.to (#USDT). This strategic partnership will focus on educational programs across Turkey and the MENA region, emphasizing the benefits of digital assets and ensuring compliance with #regulatory frameworks. By empowering financial #institutions and #businesses with knowledge about the real applications of #digitalassets, Tether and Fuze are paving the way for wider adoption and usage. Paolo Ardoino, CEO of Tether, highlighted the transformative potential of the collaboration, while Mo Ali Yusuf, Co-Founder and CEO of Fuze, emphasized the importance of educating stakeholders at all levels for the future of #finance. Together, they aim to set a new standard for digital asset adoption and create a globally informed and empowered society. The only way to attract people to the #blockchain industry and make them enthusiastic is through education and #financialliteracy. While giveaways, airdrops, and prizes may grab attention, the real focus lies in providing comprehensive #education about #cryptocurrencies and #blockchain technology. As we care about our present, we must also invest in our future by providing the newest #technologies for the next generation to study and explore. https://lnkd.in/eY2v-Rwp

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After extensive research, our team at INVasset PMS has collectively produced an exclusive fundamental report on how CAPEX is a pivotal element of the India growth story. Capital expenditure (CapEx) is essential for long-term asset creation, upgrades, and economic growth. The interim budget boosted CapEx to ₹11.71 trillion for FY24, reflecting India’s focus on infrastructure and asset creation. Over the years, CapEx has shown an upward trend, peaking at 4.6% of GDP in the 2024-25 budget estimate. This growth signifies India’s commitment to sustainable development and economic efficiency. The trend analysis from 2016-17 to 2024-25 reveals significant investments in capital assets, with effective CapEx projected to reach ₹15.0 lakh crore in 2024-25. Investing in CapEx is crucial for enhancing economic performance and competitive edge. Visit now for more such insightful reports. https://lnkd.in/davhaab5

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Happy to share that BitOasis, a CoinDCX group company, has secured a full Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA)! This milestone achievement reinforces our commitment to regulatory excellence and marks a significant step in our journey to build a trusted virtual asset ecosystem in the MENA region. Since its establishment in 2016, BitOasis has processed over $6.6B in trading volume, serving investors across 15 countries. This license will enable us to enhance our services for both retail and institutional investors. We look forward to scaling new heights, serving more customers, and making crypto a global movement! w/ Neeraj Khandelwal, Mridul Gupta, Ola Doudin PS: If you know anyone in the countries where BitOasis is active, please encourage them to try it out and share their feedback! Also, ‘Bit’Oasis + ‘Coin’DCX = Bitcoin. Good coincidence, right?

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MNT-Halan expands to UAE with #innovative #fintech solutions #Egypt’s first #unicorn will offer innovative and accessible financial solutions to underserved communities and businesses in the #UAE via its financial #superapp. The firm will introduce various solutions tailored to enhance financial inclusion, improve cash flow management, and drive economic empowerment. The UAE marks the latest expansion of the company following its successful operations in Egypt, #Türkiye, and #Pakistan. It is worth noting that Halan UAE has #secured #partnerships with key employers, acquiring over 40,000 customers, since it established its presence in the UAE in April 2024. It also plans to reach 250,000 customers by the end of 2025.

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In a conversation with Economy Middle East at Abu Dhabi Finance Week, I shared my insights on how LuLu Financial Holdings is leveraging fintech to enhance customer experiences and drive innovation in the global cross-border payments space. We also discussed how ADFW has grown into a hub for financial collaboration and innovation, bringing together thought leaders and industry pioneers to shape the future of finance. #AbuDhabiFintechWeek #ADFW2024 #MiddleEast #Fintech #Remittances #CrossBorderPayments #Finance https://lnkd.in/dKFWzCyQ

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Finternet a new approach to global finance, open, digital , tokenized and interoperable. In simple terms it’s Internet for finance .. #finance #finternet #digitalassets #tokenization #unifiedledger https://lnkd.in/dW2cyQDy

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Technological advancements are propelling GCC fintech's growth. In the region's financial sector, technology is playing a pivotal role in shaping emerging trends such as blockchain and artificial intelligence. #GCC #Technology #Fintech #technologynews #finance

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#DLF likely to launch the first phase of Mumbai project in Q4FY25. #DLF makes a strong comeback after nearly two decades since its first attempt in Lower Parel, which ended in failure. Let’s hope this time they get it right and use this as a stepping stone for a fresh beginning in #Mumbai A 24-acre real estate project in #AndheriWest would likely be the largest in the area, considering that most prominent residential developments in this locality are significantly smaller, typically spanning 1–7 acres. Given the dense urban environment and high land values in Andheri West, such a large-scale development could redefine the real estate landscape in the area. It would be unprecedented in terms of scope and the variety of residential, commercial, and possibly mixed-use spaces it might include.

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