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The headline PMI increased to 53.3 in from a 49-month low of 52.9 in July
Author Archives: enterpriseam admin
Posted inCAPITAL MARKETS
G42 to sell 2% of Presight AI in secondary sale
G42 will retain around a 68.5% stake after the sale
Posted inM&A WATCH
Mubadala invests in Romania’s Rezolv Energy
Rezolv has a 2.5 GW portfolio spanning Central and Eastern Europe
Posted inDEBT WATCH
Khazna Data Centers lines up USD 2.62 bn in debt from ADCB, FAB to scale at home and abroad
The facility has a 10-year tenor
Posted inINS.
IHC’s RIQ to offer Adnoc USD 500 mn in risk coverage
The Adnoc agreement takes RIQ’s committed premiums to more than USD 1 bn over the coming decade
Posted inECONOMY
Consumer spending in the UAE + GCC to outpace that of global peers
The UAE is expected to see real household consumption growth averaging 3.5% per annum for the next six years
Posted inTAX
More freezone activities are now exempt from corporate tax
The changes expand commodity trading to include industrial chemicals, environmental commodities, and associated by-products
Posted inENERGY
Taqa + partners reach financial close on Saudi power plants
Simple cycle operations are set to begin in 2027, with full operations slated for 2028