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Plus: GCC tourism sector to contribute USD 340 mn to the region’s GDP by the end of the decade
Author Archives: enterpriseam admin
Posted inM&A WATCH
Dubal snaps up majority stake in BiOD
BiOD operates the only biodiesel refinery in the region
Posted inDEBT WATCH
Sharjah gov’t is planning a USD 540 mn sustainability bond issuance
Sharjah closed its USD 750 mn 12-year USD-denominated senior unsecured sustainable bond issuance in March of this year
Posted inINVESTMENT WATCH
Gulf Islamic Investments raises USD 100 mn from Saudi investors
Gulf Islamic Investment gets a boost from Saudi pharma giant: Dubai-based Shariah-compliant investment firm Gulf Islamic Investments (GII) raised USD 100 mn from Saudi investors to expand its operations across the Mena region and India, Bloomberg reports, citing an unnamed GII spokesperson. The funding was led by Saudi Arabia’s Al Nahdi Family Office through its […]
Posted inINVESTMENT WATCH
Damac invests in AI firms Anthropic, xAI, and Mistral + eyes USD 1 bn in investments in data centers
Damac invested USD 50 mn in Anthropic
Posted inSTARTUP WATCH
Volume of startup investments up 11% y-o-y in 1H 2024 -Magnitt
Six exits took place in the UAE in the first half of 2024
Posted inSTARTUP WATCH
Maalexi secures USD 1 mn in venture debt
Indian-based Stride Ventures led the funding round