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TODAY: Microsoft pumps USD 1.5 bn into Abu Dhabi’s G42 + Egypt’s export market grows
What we’re tracking this morning regionally and around the world
Budget Saudi unit acquires 70% of UAE freight forwarder Overseas Development
Details on follow-on acquisitions of shares in KSA and Kuwait have not been disclosed
Etihad Airways COO steps down
Former VP John Wright will assume a role as interim COO
Mubadala’s Sanad extends MRO contract with Asiana Airlines
Sanad has been the sole MRO provider for Asiana Airlines in MENA since 2018
Dubai Aerospace Enterprise secures AED 2.75 bn loan from Emirates NBD
The loan aims to support DAE’s general corporate needs and future financing requirements
Investcorp JV will redevelop NYC’s JFK Airport Terminal 6
Investcorp Capital and New York-based investment firm Corsair Capital will invest USD 4.2 bn in the redevelopment of the terminal
DP World is reportedly eyeing an acquisition of Hong Kong-based Cargo Services Far East
A takeover could be valued at as much as USD 400 mn
Al Dar Properties break ground on logistics hub in Dubai South
LOGISTICS HANDLING- Construction starts on Dubai’s first build-to-lease logistics facility: Dubai South and Abu Dhabi-based real estate developer Al Dar…
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