The sale comes as part of a capital optimization strategy aimed at diversifying revenues
Author Archives: enterpriseam admin
Ethmar buys into Arqaam Capital
Arqaam also has offices in Egypt, Saudi Arabia, and Lebanon
Amwal Capital Partners launches USD 150 mn Sharia-compliant private credit fund
The fund plans to target 12-15 transactions over five years in Saudi Arabia and the UAE
DP World to overhaul Dominican Republic port + freetrade zone for USD 760 mn
The funds will raise cargo volume by 600k TEUs and add 225 hectares for the freezone
Mubadala plans to invest USD 400 mn in South Korea’s Kakao Mobility via a consortium
Key concerns include skepticism from investors about Kakao Mobility’s valuation and difficulties securing exit agreement terms with shareholders
Al Mal Capital’s REIT to increase capital by up to AED 300 mn
The fund will issue up to 300 mn new units
Earnings season continues
Talabat saw a 24% uptick in its bottom line whilst Adnoc L&S’s sunk by 5%
NymCard joins CBUAE’s Open Finance framework
Plus: Adio, Japan deepen ties with Mizuho, Itochu partnerships
Temporary respite as US-China trade war eases with 90-day truce
The agreement saw stock markets across the globe soar
MAY 12-13 May (Monday-Tuesday): Dubai FinTech Summit, Madinat Jumeirah, Dubai. 13-15 May (Tuesday-Thursday): World Police Summit, Dubai World Trade Center. 13-16 May (Tuesday-Friday): International Union for Health Promotion and Education Conference, Abu Dhabi. 13-14 May (Tuesday-Wednesday): The Annual HR Tech MENA, Dubai. 13-14 May (Tuesday-Wednesday): Global Ports Forum, Dubai. 13–14 May (Tuesday-Wednesday): Low Carbon Fuels […]