Chris Hamill-Stewart

London

Editor at Freelance

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Articles

PIF-backed elevator company explores US IPO

6 days ago | agbi.com | Chris Hamill-Stewart

Industry Alamy via Reuters Connect TK Elevator’s €20bn valuationSales of €9.3bn in 2023Saudi Arabia’s PIF owns 15%A German elevator company backed by Saudi Arabia’s Public Investment Fund (PIF) is exploring selling shares to the public in the US, Reuters has reported, without citing sources.
Amazon partners Mena startup to train Gulf cloud engineers

6 days ago | agbi.com | Chris Hamill-Stewart

Tech $3.6m Amazon investmentTraining 2,500 engineersUAE and Saudi Arabia focusAmazon has partnered with the Middle East and North Africa social impact startup Manara to train thousands of people in the UAE and Saudi Arabia in cloud software skills.
Abu Dhabi firm DWF buys $25m in Trump cryptocurrency coins

1 week ago | agbi.com | Chris Hamill-Stewart

Banking & Finance DWF Labs buys WLFI tokens Trump family owns 60% of coin issuerUAE company one of largest holdersDWF Labs, an investment company based in Abu Dhabi, has bought $25 million of a cryptocurrency linked to Donald Trump. The company describes itself as a next-generation Web3 investor and cryptocurrency trader.
Mena business travel surged before tariff storm hit

1 week ago | agbi.com | Chris Hamill-Stewart

Analysis Transport Imago/Steinsiek.ch via Reuters Connect First-quarter figures up by over 50%More business trips mixed with leisureAverage length of stay increasingThe number of business travel trips booked in the Mena region increased by more than 50 percent in the first quarter of 2025.
Mantra's Abu Dhabi backers deny selling OM before $5bn crash

1 week ago | agbi.com | Chris Hamill-Stewart

Markets Mantra’s OM tumbled from $6 to 50cAbu Dhabi’s Shorooq is investor‘No exploit or malicious act occurred’The Abu Dhabi backers of a Dubai-licensed cryptocurrency business have denied wrongdoing after its token’s market cap dropped by more than $5 billion in a matter of hours, raising alarm among investors.
UK company enters Dubai's crowded rapid-delivery market

1 week ago | agbi.com | Chris Hamill-Stewart

Food & Drink Alamy/Chris Batson via Reuters Zapp bets on sector growthCompany delivers groceriesMarket driven by young populationDespite the congestion – in the market and on the streets of the UAE’s most populous city – yet another competitor, UK company Zapp, is entering Dubai’s rapid-delivery market.
Morocco's PayTic raises $4m for Africa expansion

1 week ago | agbi.com | Chris Hamill-Stewart

Banking & Finance PayTic, a Moroccan startup, has raised $4 million in a funding round and aims to expand into Africa, it said in a press statement on social media.
Outbound containers drive bumper March for Saudi ports

1 week ago | agbi.com | Chris Hamill-Stewart

Logistics A significant increase in the number of exported containers from Saudi Arabia helped drive a spike in volumes for ports across the country, according to the Saudi Ports Authority (Mawani). Exported containers rose 32 percent in March compared with the previous year.
Farmers at risk from North Africa locust swarm

1 week ago | agbi.com | Chris Hamill-Stewart

Agriculture UN agency carrying out locust controlOutbreak has lasted several monthsRisk if swarms reach farmlandA locust outbreak in North Africa risks endangering the livelihoods of already hard-pressed farmers in the region.
Emirates to squeeze more from fleet with parcel deliveries

1 week ago | agbi.com | Chris Hamill-Stewart

Logistics Emirates launches deliveriesParcel market worth $450bnUS tariffs could have an impactEmirates has launched a premium package delivery service to open up new streams of revenue from its existing fleet and compete with the likes of DHL and Fedex for a share of a market worth nearly $500 billion.