M&A-

#1- Silver Lake, Mubadala take Endeavor private: Private equity firm Silver Lake and co-investors, including Abu Dhabi sovereign wealth fund, completed the acquisition and delisting of talent and entertainment agency Endeavor Group Holdings from the New York Stock Exchange, according to a press release. Silver Lake had been planning since last April to delist and take Endeavor private for USD 13 bn, to be funded through new and reinvested equity from Silver Lake, in addition to capital from Endeavor’s investors, including Mubadala.

The details: Stock owners are entitled to USD 27.5 for each Endeavor class A common stock share owned — a 55% premium to a stock price of USD 17.7 registered on the last day of trading before take-private plans were announced. Endeavor retains a controlling ownership stake in sports firm TKO Group Holdings, and its other holdings will fall under WME Group.

Ownership breakdown: Silver Lake is a majority shareholder in Endeavor. There is no publicly available information on the size of Mubadala’s stake in the firm.

#2- e& successfully exists Khazna: Telecom company e& completed the divestment of its stake in Khazna DataCenters for USD 2.2 bn, it said in a statement (pdf). The USD 1.4 bn in proceeds will be used for debt reduction, and will be reflected in 1Q financials.

Background: We reported last month that e& is selling its stake, while Abu Dhabi’s AI fund MGX and private equity firm Silver Lake are buying minority stakes in the company, alongside majority shareholder G42. The telecoms giant will continue to be a “strategic partner” and a major tenant of Khazna’s.

INVESTMENT-

Investment Ministry + Emirates NBD Capital to boost foreign investment inflows: The Investment Ministry has signed an MoU with Emirates NBD Capital to facilitate international investment inflows into the UAE, Wam reports. The agreement sets a framework for organizing investment summits, roadshows, and networking events aimed at connecting international investors with opportunities in the UAE.

LOGISTICS-

AD Ports launches a new ship management JV: AD Ports Group has formed a vessel management joint venture (JV) with Cyprus-based integrated maritime and logistics platform Columbia Group, according to a statement. The JV, Noatum – CSM, will see the pair integrate advanced management systems and AI-driven performance analytics to streamline third party vessel operations and AD Ports’ ocean fleet. Columbia Group will use its digital platform performance optimization control room (POCR) to offer live monitoring and decision support tools for voyage optimization, bunker usage as well as maintenance and emissions.

BANKING-

Emirates NBD debuts ‘Emirati Business’ banking package for UAE nationals: Emirates NBD is introducing a new banking package designed exclusively for Emirati-owned businesses, according to a statement. The offering includes a low minimum balance requirement of AED 25k, six-month fee waivers, and preferential rates on loans and banking services. Customers will receive a premium Visa Business Signature Debit Card and automatic entry into the bank’s Business Mn’aire Program, which offers a chance to win up to AED 1 mn every six months. The offer includes lifestyle and business perks like discounts on business tools and rentals.

HEALTHCARE-

G42 and Cleveland Clinic team up on AI in healthcare: State-owned AI firm G42 is joining forces with Abu Dhabi’s Cleveland Clinic to accelerate the adoption of artificial intelligence in healthcare, according to a statement. A joint task force will be formed to identify and prioritize collaborative projects focused on AI-powered patient care, innovation, and operational efficiency. The collaboration aims to harness data-driven solutions to personalize healthcare, improve access, and drive medical breakthroughs in the UAE.

ENERGY-

#1- Emirates to relocate data center to MBR solar park: Emirates Group signed an agreement with Digital Dewa ’s digital and cloud services subsidiary Moro Hub for data center co-location services at the Mohammed Bin Rashid Al Maktoum Solar Park, according to a press release

The timeline: Emirates is set to start moving its data center Moro Hub’s solar-powered data center facility from the middle of next year, with Moro Hub providing colocation services, rack space, power, cooling, and equipment supply. The move means a clean energy switch for Emirates, with the 3k MW required for the data center coming from renewables.

ICYMI- Moro Hub was also tapped to operate Dubai’s Green Data Center earlier this year, and was also set to collaborate with Digital Dubai on a centralized data and statistics platform.

#2- Baker Hughes awarded contract for Margham gas storage project: Dubai Petroleum Establishment (DPE), on behalf of the Dubai Supply Authority, awarded US oil field services firm Baker Hughes a multi-year contract by to provide integrated coiled-tubing drilling services for the Margham gas storage project, according to a press release. The development will allow the gas project to switch between natural gas and solar power, and help stabilize Dubai’s energy supply.

ICYMI-Baker Hughes was also contracted to provide integrated compressor line units for the Margham gas storage facility last year.

CAPITAL MARKETS-

Dubai-based neobroker and liquidity provider Amana will integrate its liquidity solutions into the DXtrade platform, the flagship product of global software development company Devexperts, according to a joint statement. Amana offers traders access to equities, cryptocurrencies, forex, metals, and indices.

STARTUPS-

PayPal partners with Ignyte to support UAE startups and SMBs: PayPal has partnered with Ignyte, a digital platform supporting startups and small businesses (SMBs), to provide businesses with crossborder payment solutions, according to a press release. As a founding partner of Ignyte, PayPal will help entrepreneurs scale up their businesses through an advanced payment system.

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