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TC Mena makes exportation push with takeover bid of Gulf Cement
The offer sets a minimum acquisition target of 50% plus one share
DAE acquires 17 next-generation aircraft for USD 1 bn
The aircrafts are already on lease to 11 airlines across 10 countries.
GulfNav’s shareholders approve AED 3.29 bn acquisition of Brooge Energy assets
The transaction will be settled through a mix of cash, new shares, and mandatory convertible bonds
Dubai Aerospace Enterprise mulls sale of its MRO arm Joramco
DAE holds an 80% stake in Joramco
Updates on warehouses, last-mile, zones, and customs from the UAE and Oman
Stories on our radar this morning from around the region
ADQ secures more shares in Aramex following a voluntary tender offer
ADQ now holds an indirect 58% stake in Aramex
TODAY: ADQ snaps up more Aramex share
What we’re tracking this morning regionally and around the world
Adnoc partners with its JV AIQ to deploy AI across its operations
AIQ will deploy its AI solution EnergyAI across Adnoc’s upstream operations, to conduct seismic analysis, geological modeling, and real-time process…
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