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The investment will be made in partnership with US-based Apollo Management
Author Archives: enterpriseam admin
Posted inCRYPTO
Phoenix Group and Tether to launch AED-pegged stablecoin
The move comes as Tether looks to offer an alternative to the USD
Posted inM&A WATCH
Kuwait Finance House offloads AED 1.3 bn stake in Sharjah Islamic Bank
Kuwait’s largest lender will sell its 18.2% stake at AED 2.2 apiece
Posted inBUSINESS
UAE corporates saw working capital stabilize in 2023 -PwC
Some USD 50 bn in liquidity remains trapped on Mena corporates’ balance sheets
Posted inSPOTLIGHT
On s-linked finance, Gems Education’s landmark facility, and avoiding “froth” in ESG conversations
Mashreq led negotiations for ESG goals linked with Gems’ USD 3.25 bn s-linked facility
Posted inEARNINGS WATCH
GulfNav posts 1H 2024 results
GulfNav’s net income was down 11.2% y-o-y to AED 24.7 mn in 1H 2024
Posted inMOVES
Wynn Resorts names Wynn Marjan President
Tappeiner will assume his new role starting 1 September
Posted inALSO ON OUR RADAR
Mashreq launches IBAN verification for businesses
Plus: More news from du, e&, ADTIC, Sav, Hitek, and Fujairah Natural Resources Corporation
Posted inPLANET FINANCE
Gold soars as investors pencil in September rate cuts and a weakening USD
Gold prices are up 22% in 2024 so far