enterpriseam admin, Author at UAE

ENERGY

Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia

by enterpriseam adminUAE EditionMarch 25, 2025

The USD 668.3 mn Qurayyah IPP project is touted as the world’s largest CCGT power plant

STARTUP WATCH

Fintech Enza raises USD 6.8 mn in first external funding round

by enterpriseam adminUAE EditionMarch 25, 2025

The round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital

EARNINGS WATCH

Majid Al Futtaim’s net income falls 6% in 2024 on heightened market competition

by enterpriseam adminUAE EditionMarch 25, 2025

The company’s revenue decreased by 1.6% y-o-y to AED 34 bn last year

A MESSAGE FROM MASHREQ

Non-recourse financing: a game changer for UAE real estate

by enterpriseam adminUAE EditionMarch 25, 2025

Dubai’s real estate market has always been a story of bold ambition, visionary development, and continuous evolution. But behind the glass facades and luxury projects lies a complex financial ecosystem that enables these developments to thrive. Among the most transformative innovations in this space is alternative financing—an approach that Mashreq has helped pioneer in the […]

MOVES

Salama, Silal tap new CEOs + ADIB appoints new head of wealth management

by enterpriseam adminUAE EditionMarch 25, 2025

Salama appointed Boubane to replace Walter Jopp, who resigned last year

ALSO ON OUR RADAR

Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework

by enterpriseam adminUAE EditionMarch 25, 2025

Plus: Al Seer Marine JV lands AED 1.3 bn naval vessel contract

PLANET FINANCE

Rich nations now spend more on debt than defense -OECD

by enterpriseam adminUAE EditionMarch 25, 2025

Interest costs hit a 17-year high, reaching 3.3% of GDP in 2024

DIPLOMACY

President phones Putin to discuss Opec+ cooperation and bilateral ties + UAE joins regional call to revive Gaza ceasefire

by enterpriseam adminUAE EditionMarch 25, 2025

The UAE rejected the forced displacement of Palestinians, and reiterated its support for a two-state solution

CALENDAR

by enterpriseam adminUAE EditionMarch 25, 2025

MARCH 7 February-29 April (Friday-Tuesday): The Abu Dhabi Festival, Abu Dhabi. 24-28 March (Monday-Friday): Subscription period for Methaq Takaful’s rights issue on the ADX. 29 March (Saturday): New traffic regulations and minimum driving age to take effect. 30 March-1 April (Sunday-Tuesday): Eid Al Fitr, national holiday. Signposted to happen sometime in 1Q 2025: The first […]