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Author Archives: enterpriseam admin
Posted inM&A WATCH
Mubadala Capital finalizes acquisition of CI Financial
CI aims to use Mubadala’s resources to expand in North America and globally
Posted inENERGY
Ewec issues RFP for the 3.3 GW Al Nouf power plant
The project is slated for commercial operations in 3Q 2029
Posted inENERGY
China’s Zhenhua on track for double its Adnoc crude supply after Bu Hasa takeover
China’s Zhenhua Oil will double its Adnoc crude offtake to 200k bbl/d by year-end under a new supply agreement
Posted inEARNINGS WATCH
More 2Q earnings: DP World, Taqa, and RAK Properties
DP World saw its net income increase to USD 960 mn on logistics gains
Posted inMOVES
Wusoom appoints new board members after BlueFive acquisition + BGN taps new Dubai-based Africa business head
Also: Sharjah has appointed a CEO and vice chair at Sharjah Hospitality Group
Posted inALSO ON OUR RADAR
EGA expands product line with new supply contract to Sankyo Tateyama + Adnoc L&S receives VLEC
Also: Fitch Ratings maintained Adnoc Murban’s long-term issuer entity AA credit rating with a stable outlook
Posted inPLANET FINANCE
GCC’s assets under management rose 9% y-o-y in 2024, with the UAE and KSA leading growth
Globally, the asset management industry’s total AUM hit USD 128 tn in 2024, up 12% y-o-y
Posted inDIPLOMACY
UAE mediates yet another Russia-Ukraine prisoner exchange
The total number of prisoners exchanged through UAE mediation now sits at over 4.3k