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UAE 🇦🇪

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Majority Stake Acquisition: Arcapita and Dgpays have jointly acquired most of NEOPAY’s shares, pushing the payment solutions provider’s valuation to around $385 million.
Mashreq Bank’s Ongoing Role: Mashreq Bank, which founded NEOPAY, keeps a notable minority stake, reinforcing its belief in NEOPAY’s growth potential.
Growth Through Expertise: Both Arcapita and Dgpays aim to combine their strengths to boost NEOPAY’s market visibility and deliver innovative payment products across the Middle East.
Surging UAE Market: Industry projections show the UAE’s card transaction value is set to grow at double-digit rates over the next five years, giving NEOPAY ample room to expand and diversify.

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Initiative led by Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. 
Part of the Dubai Programme to Enable Drone Transportation, initiated in 2021. 
Collaborative effort among Dubai Civil Aviation Authority, Dubai Integrated Economic Zones Authority, and Dubai Future Foundation. 
Successful pilot delivery conducted from Rochester Institute of Technology-Dubai within DSO. 
Plan to extend drone delivery services to 33% of Dubai by 2030.

Project Scope: The terminal will cover approximately 810,000 square meters, featuring capacities of 450,000 TEUs for containers, 5 million tonnes for dry bulk and general cargo, 1 million tonnes for liquid bulk, and Ro-Ro facilities accommodating 50,000 CEUs.
Infrastructure Details: Plans include a 48,000 square meter concrete apron, an 80,354 square meter container terminal, and around 66,360 square meters designated for general cargo and break-bulk operations.
Economic Impact: This development is part of AD Ports Group&#8217;s investment of approximately USD 349 million in Egypt over the past three years, aiming to boost economic growth and enhance trade routes.
Strategic Significance: The terminal is set to become the first internationally operated port serving the Upper Egypt region, enhancing the country&#8217;s maritime infrastructure on the Red Sea.
Leadership Statements: Captain Mohamed Juma Al Shamisi, Managing Director and CEO of AD Ports Group, expressed delight in the partnership, aligning with the UAE&#8217;s vision to strengthen trade ties with Egypt.

Funding Round Leaders: Co-led by Web3Port Foundation and Aptos Labs.
Additional Investors: Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group.
Strategic Initiatives: Plans to launch Klickl Labs and Klickl Foundation in Q4 2024.
Expansion Focus: Targeting growth in the Middle East and Africa.
Regulatory Milestone: Licensed by Abu Dhabi Global Market (ADGM) as the region&#8217;s first fully licensed Web3 banking service.

CredibleX has disbursed AED 100 million (approximately $27 million) in loans since its launch in March 2024.
The $55 million seed round includes both equity and debt investments.
Equity investment was led by Further Ventures, with debt participation from Kilgour Williams Capital, Berkley Square Finance, and other local investors.
The company partners with over 35 distribution channels, including Network International and DMCC, reaching more than 100,000 SMEs.
CredibleX aims to expand its services and support a larger number of SMEs in the UAE.

Contract Value: AED 18,7 billion (USD 5,1 billion). 
Duration: 17 years, extending services until 2043. 
New Satellites: Al Yah 4 and Al Yah 5 to launch in 2027 and 2028. 
Advance Payment: AED 3,7 billion (USD 1 billion) for satellite construction. 
Service Coverage: Middle East, Africa, Europe, and Asia.