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The fund will focus on an “alpha-driven” approach
Author Archives: enterpriseam admin
Posted inALSO ON OUR RADAR
Bybit secures provisional approval for a VASP license
PLUS: Meraas awards the Bvlgari Lighthouse project to Dutco
Posted inPLANET FINANCE
Islamic bond market may see shift from asset-based to equity-like sukuk
Sukuk differ from bonds as they rely on an underlying asset to generate returns
Posted inCALENDAR
SEPTEMBER 15-19 September (Sunday-Thursday): Loop Beyond Borders, Abu Dhabi. 15 September - 23 February 2025 (Sunday-Sunday): Labour Sports Tournament, Dubai. 16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi. 16-18 September (Monday-Wednesday): Arab Water Forum, ADNEC Abu Dhabi Center. 16-20 September (Monday- Friday): Intelligent Transport Systems World Congress 2024, Dubai. 17-18 September (Tuesday-Wednesday): AI in oil […]
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: MGX to back OpenAI? + Rede Partners to set up shop in Dubai
Plus: Blackstone could offload stake in Dubai-based VFS Global
Posted inTech
Nvidia chips make their way to the UAE
G42 reportedly hired US defense contractors to secure its data systems
Posted inM&A WATCH
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 […]
Posted inM&A WATCH
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 […]