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Elsewedy Electric will need to tap a financial advisor and clarify the board’s decision within the next 15 days
Author Archives: enterpriseam admin
Posted inM&A WATCH
Rak White Cement gives nod to Ultratech’s stake acquisition bid
The company will proceed with the regulatory procedures for the acquisition to take place
Posted inBanking
Credit demand remained robust in 1Q 2024 -CBUAE
Dubai saw the strongest demand for business loans
Posted inTech
Khazna to develop 30 MW Mafraq data center
The investment is facilitated by ADIO’s Musataha initiative
Posted inDISPUTE WATCH-
Bildco approves FAB, AD Ports settlement agreement
AD Ports has waived its lawsuit against Bildco
Posted inKUDOS
ADIA labeled strongest sovereign wealth brand by Brand Finance + RTA receives sustainability awards
The investment authority has a brand value of USD 561 mn
Posted inUAE IN THE NEWS
On overseas investments and the UAE as a trade hub
The UAE’s investments in Africa outpaced China more than 3x in 2022-2023
Posted inALSO ON OUR RADAR
MBZUAI launches new LLM model + Yahsat in Zimbabwe
PLUS: First Egyptian manufacturer to set up meds factory in Dubai Industrial City
Posted inPLANET FINANCE
Asian investors and businesses look to de-risk from the United States amid rising US-China tensions
Driving the fears is the concern that US banks and businesses may be pressured into stepping back from business in the region
Posted inDIPLOMACY
UAE president encourages Arab-Chinese cooperation in Beijing + dual tax agreement with Qatar
PLUS: UAE, Qatar sign pact to prevent double taxation