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Author Archives: enterpriseam admin
Posted inPLANET FINANCE
Adani in hot water — again
Hindenburg Research accused the conglomerate of improper use of tax havens last year
Posted inCALENDAR
AUGUST 14 August (Wednesday): UAE to participate in ceasefire talks co-mediated by the US and KSA between the warring factions in Sudan. 20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai. 21-22 August (Wednesday-Thursday): Rex Fuels Global Expo & Conference 2024- Bitumen, Petrochemicals & Products, Dubai. 21-22 August (Wednesday-Thursday): Dubai Business Forum in Beijing, China. 25 […]
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: AD Ports close to finalizing Izmir Port acquisition? + Gov’t launches 3Q clean energy certificated auction
Plus: RedBird IMI narrows down shortlist for Telegraph and Spectator acquisition
Posted inM&A WATCH
Rowad Capital Commercial mulls majority stake in Ugandan telecom operator
Rowad Capital Commercial is expected to initially invest around USD 225 mn
Posted inEARNINGS WATCH
Adnoc Gas reports strong growth in 2Q 2024, expects robust demand for gas until 2040
The company’s revenues topped USD 6 bn for the third consecutive quarter
Posted inDEBT WATCH
Waha Capital secures USD 400 mn revolving credit facility
The new facility has a three-year term and can be increased to USD 500 mn
Posted inLEGISLATION WATCH
Labor law amendments subject employers to up to AED 1 mn fines for Emiratization fraud, other violations
Fines will also affect employers who employ workers without a permit, misuse work permits, shut down a business without settling employees’ rights, or hire minors