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Author Archives: enterpriseam admin
Nvidia chips make their way to the UAE
G42 reportedly hired US defense contractors to secure its data systems
Mashreq offloads 65% stake in NeoPay
Mashreq to offload majority stake in Neopay: Our friends at Mashreq are selling 65% of their stake in payment subsidiary NeoPay to a consortium including Bahrain-based asset management firm Arcapita Group Holdings and Turkish fintech firm Dgpays, according to a DFM disclosure (pdf). The transaction, subject to regulatory approval, values the subsidiary at USD 385 […]
Mubadala buys into Revolut, as the fintech looks to expand operations in the UAE
Abu Dhabi sovereign wealth fund Mubadala acquired a stake in global neobank and fintech Revolut as part of the USD 500 mn share sale in August, which valued the company at USD 45 bn, the Financial Times reports, citing three people it says have knowledge of the transaction. Revolut CEO Nik Storonsky sold between USD […]
JPMorgan Chase’s Mena head retires after 28 years
Asif Raza retires after 28 years with JPMorgan
Rising demand for Dubai’s private schools catapults operators into b’naire status
The majority of families spend a third of their income on private school tuition fees
A chunk of IHC sold in block transaction on ADX
PLUS: The UAE set to get its first sustainable aviation hub
The big question of the week: How far will the Fed go?
The Fed faces pressure to protect growth while rising inequality complicates the path forward
UAE mediates eighth Russia-Ukraine prisoner swap + Al Nahyan affirms need for Palestinian state
The two countries swapped 206 prisoners