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Author Archives: enterpriseam admin
Posted inECONOMY
UAE’s non-oil business activity growth creeps to four-year low in May
The headline figure came in at 53.3 in May, down from 54.0 in April
Posted inM&A WATCH
IRH acquires majority interest in Congo tin mine firm for USD 367 mn
The transaction transfers control from US private equity firm Denham Capital’s subsidiary
Posted inM&A WATCH
NMDC LTS seals Emdad acquisition
Emdad booked more than AED 600 mn in revenues last year
Posted inTech
Mubadala’s GlobalFoundries goes big on US chips
The plan comes as the UAE commits up to USD 1.4 tn in US investments over the next decade, spanning AI infrastructure, semiconductors, energy, and manufacturing
Posted inENERGY
Taqa commits 80% of planned capex by 2030 to energy transformation
Plus: Masdar plans to kick off construction on Azerbaijan wind farm before year-end
Posted inMedia
Multiply consolidates 3 UAE outdoor ad assets under new unit MMG
MMG will also increase its international advertising footprint
Posted inMOVES
DFSA appoints new COO + Al Futtaim has a new retail president
Juma Thani previously served as group CTO at FAB