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Amwaj International has acquired an 18% stake in Dubai-based development firm Cledor, marking its entry into the UAE’s growing real estate market. The partnership will enable Cledor to attract top talent and manage operational expenses, while Amwaj’s global team and procurement network will accelerate future growth. Cledor is also exploring emerging markets.
23/04/2025
Kuwait’s 2025-2026 budget allocates $6 billion for infrastructure projects, including rail, roads, water, electricity, and Mubarak Al Khabeer Port construction, with 5.7 billion in capital spending.
Qatar Development Bank introduces M&A program to support private sector growth and business sustainability, offering integrated solutions, strategic partnerships, and exit strategies, covering up to 70% of advisory costs.
Oxford Leadership Development and Research (OxfordLDR) has discovered that developing world-beating leadership skills could increase UAE company profits by 15%, adding $7.8bn per year to listed companies. The research highlights the importance of investing in leadership development, as only 12% of companies worldwide report confidence in their leadership pipeline. OxfordLDR is launching two initiatives to address this gap.
Ajman Bank’s Q1 2025 financial performance showed a 24% increase in profit before tax and a 2% rise in net operating income. The bank’s capital position and asset quality improved year-on-year. CEO Mustafa Al Khalfawi praised the bank’s commitment to long-term value creation, innovation, human capital, and customer-centric solutions.
20/04/2025
