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The company aims to kick off operations on the plant by 2027
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
ESG leases out land to Spox Investments, and BinDawood acquires stake in Dubai’s Wonder Bakery
BinDawood is paying AED 96.9 mn for a 51% stake in Wonder Bakery
Posted inPLANET FINANCE
How off-balance-sheet financing is masking the true cost of the AI boom
Big Tech has pushed over USD 120 bn of AI data-center debt off its balance sheets via SPVs
Posted inCALENDAR
DECEMBER 26 December (Friday): Tender period for Emirates NBD’s offer for RBL Bank’s public shares ends. 29-30 December (Monday-Tuesday): World Sports Summit, Dubai. Signposted to happen sometime in 2025: e& will complete Adnoc’s private 5G network. 2026 JANUARY 1 January (Thursday): New Year, public holiday. 1 January: Client asset regime changes in Dubai International Financial […]
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: Tesla’s full self-driving system to launch in the UAE next month? + ADGM approves another stablecoin
Plus: GCC’s real GDP to expand by 4.4% in 2026 -Oxford Economics
Posted inECONOMY
Non-oil sector momentum + hydrocarbons recovery lift GDP outlook for 2025
The CBUAE also raised its forecast for non-hydrocarbon GDP this year to 4.9% from 4.5%
Posted inDEBT WATCH
Mashreq returns to syndicated loan market after 11 years with USD 2 bn syndicated loan
The facility was 3x oversubscribed