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The company will also be ramping up spending to navigate higher project costs
Author Archives: enterpriseam admin
Posted inENERGY
More wind energy investments from Mubadala
The 2.9 GW project is set to be the largest offshore wind farm globally
Posted inCAPITAL MARKETS
Foreign appetite for UAE debt holds firm as SIB’s AED 2.59 bn rights issue is 3.2x oversubscribed
Foreign investors accounted for 55% of overall demand, suggesting that March’s “risk-off” sentiment is fading
Posted inEARNINGS WATCH
1Q results from Lulu, Talabat, ADA, Dewa, RAK Ceramics, Dubai Investments, Agthia, and Alef
Lulu also saw a slowdown on the back of softer activity in March Lulu Retail’s net income fell 32.8% on a decline in non-food sales in March, reaching USD 47 mn in 1Q 2026 , according to its earnings release. Revenue dropped 2.9% y-o-y to USD 2 bn as non-food sales slowed down in March, […]
Posted inPLANET FINANCE
Gulf SWFs caught in the middle as Pimco and Apollo split on private credit valuation
The Gulf’s largest sovereign allocators are heavily exposed to the same private credit complex now now debate
Posted inCALENDAR
MAY 12-14 May (Tuesday-Thursday): Abu Dhabi Infrastructure Summit, ICC Hall, Adnec Center, Abu Dhabi. 15-17 May (Friday-Sunday): Art Dubai, Madinat Jumeirah, Dubai. 19-21 May (Tuesday-Thursday): Abu Dhabi Global Sustainable Security Summit, Adnec Center, Abu Dhabi. 19-22 May (Tuesday-Friday): Abu Dhabi Water and Energy Week, Adnec Center, Abu Dhabi. 21 May (Thursday): Economy Middle East Summit, […]
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: G42’s USD 1 bn Kenya data center hits another speedbump + another firm adopts AE Coin payments
Plus: AED 55 bn of PPP infrastructure projects are up for grabs in Abu Dhabi