Thursday, April 16

World

No Layoffs, Salaries On Time: Danube Group Chairman Rizwan Sajan Assures Its 6000+ Workforce Despite Geopolitical Uncertainty
No Comments
World

No Layoffs, Salaries On Time: Danube Group Chairman Rizwan Sajan Assures Its 6000+ Workforce Despite Geopolitical Uncertainty

At a time when the US–Israel–Iran conflict is reshaping geopolitical and economic realities, businesses across the region are being tested on their ability to adapt and endure. Against this backdrop, Danube Group’s Founder and Chairman Rizwan Sajan is setting a strong example of leadership by standing firmly by its workforce. On Tuesday, Sajan took to Instagram to announce that the company will not lay off any employees. “I’ve faced many challenging situations in the past - from the Iraqi invasion of Kuwait to the 2008 financial crisis and the COVID-19 pandemic. Despite these, we have always bounced back stronger, and I’m confident we will do so again. During the pandemic, I had committed to not letting go of any employees, and I stood by that promise. Similarly, there will be no layoff...
Read More
Space42 and Viasat to Share Progress on Equatys at Mobile World Congress
No Comments
World

Space42 and Viasat to Share Progress on Equatys at Mobile World Congress

Companies advance plans for global system architecture and shared infrastructure for Direct-to-Device and other Advanced Mobile Satellite Services BARCELONA, Spain - Thursday, 02. April 2026  (GLOBE NEWSWIRE) -- Space42, the UAE-based AI-powered SpaceTech company, and Viasat, Inc., a global leader in satellite communications, will discuss continued progress toward their planned direct-to-device (D2D) infrastructure and offer an early look at the priorities for Equatys, the companies' forthcoming joint entity, during a co-hosted program at Mobile World Congress in Barcelona this week. The program marks the first public showcase of Equatys' technical direction and commercial vision, reflecting its ambition to accelerate global D2D adoption.  ...
Read More
Moniepoint Inc. Enters Kenyan Market With Acquisition of Sumac Microfinance Bank
No Comments
World

Moniepoint Inc. Enters Kenyan Market With Acquisition of Sumac Microfinance Bank

Strategic acquisition brings Moniepoint’s all-in-one digital financial services to Kenya's underserved MSME segment LONDON--(BUSINESS WIRE/AETOSWire)-- Moniepoint Inc. ("Moniepoint"), Africa's leading financial platform, today announces the completion of its acquisition of Sumac Microfinance Bank Limited ("Sumac"). The transaction, approved by the Central Bank of Kenya and Competition Authority of Kenya, marks Moniepoint’s first major acquisition on the continent and its formal entry into the East African market. Moniepoint now holds a 78% majority stake in Sumac. The move allows Moniepoint to deploy its comprehensive suite of banking, payments, credit, and business management tools to Kenya's 7.4 million MSMEs - a sector contributing 40% ...
Read More
Danube Properties Unveils AED 3.5M+ ‘Greenz’ Master Community in Dubai’s High-Growth Academic City
No Comments
World

Danube Properties Unveils AED 3.5M+ ‘Greenz’ Master Community in Dubai’s High-Growth Academic City

Danube Properties has unveiled Greenz By Danube, its first large-scale integrated community featuring premium townhouses and villas - marking a major milestone in its expansion into master-planned developments. Strategically located in Dubai International Academic City, near Dubai Silicon Oasis, Greenz sits within one of Dubai’s most promising future growth corridors. The area is home to over 100,000 residents and will benefit from the upcoming District IO, a major technology hub aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Featuring villas and townhouses with exclusive sky gardens, Greenz By Danube’s completion is expected in 36 to 40 months with handover sched...
Read More
EDB Redeems Five-year Eurobonds in Full, Meeting all Obligations to Investors
No Comments
World

EDB Redeems Five-year Eurobonds in Full, Meeting all Obligations to Investors

The Eurasian Development Bank (EDB), a leading multilateral development bank fostering economic growth in the Eurasian region, has redeemed its five-year Eurobond issue (ISIN XS2315951041). The total amount paid to investors at redemption was 286 million euro, comprising the final coupon payment and repayment of the outstanding principal. The Eurobonds were originally issued under the Bank's EMTN Programme with a nominal issue size of 300 million euro. The bonds were listed on Euronext Dublin. A portion of the Eurobond issuance had been repurchased by the Bank prior to maturity. About the EDB: The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and fo...
Read More
Saudi Fund for Development Signs USD 75 Million Agreement to Strengthen Regional Connectivity in Cameroon
No Comments
World

Saudi Fund for Development Signs USD 75 Million Agreement to Strengthen Regional Connectivity in Cameroon

• SFD signs USD 75 million loan agreement to support road rehabilitation under Cameroon’s National Development Strategy 2030 • Project will enhance regional connectivity and trade, linking Cameroon with Nigeria and Chad while improving access to essential services • Agreement reinforces SFD’s long-standing development partnership in Africa, where it has financed 458 projects across 47 countries The Saudi Fund for Development (SFD) has signed a development loan agreement with the Republic of Cameroon to finance the rehabilitation of the Sorawel-Dourbeye Road. The project aligns with Cameroon’s National Development Strategy 2030 and reflects SFD’s commitment to sustainable, people-centred development. The agreement was signed by H....
Read More
KnowBe4 Launches AIDA Orchestration as the First Fully Autonomous Agent for Human Risk Management
No Comments
World

KnowBe4 Launches AIDA Orchestration as the First Fully Autonomous Agent for Human Risk Management

New AI Agent From KnowBe4 Cuts Security Training Administration From Hours to Seconds CAPE TOWN, South Africa--(BUSINESS WIRE)--KnowBe4, the world-renowned platform that comprehensively addresses human and agentic AI risk management, has announced the launch of AIDA Orchestration, the eighth AI-powered agent in KnowBe4’s suite of AI agents for human risk management known as AIDA (Artificial Intelligence Defence Agents). The AIDA Orchestration agent is an autonomous, AI-powered system for human risk management. It independently creates, schedules and manages personalised phishing security tests (PSTs) and security awareness training (SAT) at a user level that dynamically adapts to each person’s risk profile. This eliminates manual campaigns, reduces admin...
Read More
USD 1.63 Billion In 72 Hours: Manchester City Yas Residences by Ohana Development, Sets New Sales Record In Abu Dhabi 
No Comments
World

USD 1.63 Billion In 72 Hours: Manchester City Yas Residences by Ohana Development, Sets New Sales Record In Abu Dhabi 

• 35% of investors are Emiratis, while 65% are expatriates and international investors• Milestone reflects strong demand for the project and continued confidence in the UAE’s real estate sector Ohana Development, a leading UAE real estate developer renowned for its luxury projects, has recorded USD 1.63 billion in sales within 72 hours for Manchester City Yas Residences by Ohana, a gated waterfront community located along Yas Canal in Abu Dhabi, setting a new sales record in the emirate’s real estate market. Investors queued at the sales launch, reflecting the strong demand for the project. Of the investors, 35% are Emiratis, while 65% are expatriates and international buyers. In response to this significant interest, Ohana Development is expected t...
Read More
2PointZero Group completes majority acquisition in Italy-based ISEM Packaging Group for AED 704 million
No Comments
World

2PointZero Group completes majority acquisition in Italy-based ISEM Packaging Group for AED 704 million

• Transaction results in 60.8% ownership by 2PointZero • Packaging becomes the sixth consumer-focused verticalwith ISEM as an anchor 2PointZero Group PJSC (ADX: 2PointZero), a next-generation investment powerhouse focused on energy and consumer sectors, announced today that it has formally completed the transaction to acquire a majority position in ISEM, a leading European packaging group serving beauty, fashion, luxury, nutraceuticals and more, for AED 704 million through a combination of secondary and primary capital earmarked to accelerate organic and inorganic growth. 2PointZero Group now holds 60.8% of ISEM, while Peninsula Capital and minority investors own the remaining 39.2%. This marks th...
Read More
Evacuation Underway as Over 6,400 South Africans Register Amid Escalating Middle East Conflict
No Comments
World

Evacuation Underway as Over 6,400 South Africans Register Amid Escalating Middle East Conflict

The Department of International Relations and Cooperation (DIRCO) has confirmed a significant rise in the number of South African citizens registering their presence in the Middle East, as tensions and interstate conflict continue to escalate across parts of the region. As of 4 March 2026, more than 6,400 South Africans have registered on the Travel Smart system, indicating their presence in various Middle Eastern countries affected by the ongoing hostilities. Citizens Urged to Use Official Evacuation Channels DIRCO has strongly advised South Africans currently in the region for non-essential travel to make use of official evacuation channels to prepare for a safe departure from conflict-affected cities and countries. The department noted that several airlines have resumed limi...
Read More
//omg10.com/4/3711026