enterpriseam admin, Author at UAE

M&A WATCH

Lunate acquires minority stake in US-based PE firm as part of USD 3 bn JV with Blue Owl

by enterpriseam adminUAE EditionMay 29, 2024

The “passive” investment will not have an impact on Linden’s operations or investment strategies

Banking

The UAE’s largest 10 banks raked in AED 20.8 bn worth of net income during 1Q

by enterpriseam adminUAE EditionMay 29, 2024

The top 10 banks saw their net income surge 9.3% q-o-q

ENERGY

Tecnimont secures contract to build low-carbon ammonia plant in Al Ruwais

by enterpriseam adminUAE EditionMay 29, 2024

The facility, which will produce 1 mn tons of ammonia annually, is being developed by a consortium of local and global companies

LOGISTICS

Gulf Islamic Investments + Logipoint to launch a USD 300 mn logistics JV

by enterpriseam adminUAE EditionMay 29, 2024

The JV will initially focus on serving Riyadh and Jeddah, with plans for expansion to other cities in the future

STARTUP WATCH

GrubTech bags USD 15 mn in series B funding

by enterpriseam adminUAE EditionMay 29, 2024

The startup plans to expand into KSA, Europe and the UK.

ALSO ON OUR RADAR

Two Egyptian financial services firms are expanding to the UAE

by enterpriseam adminUAE EditionMay 29, 2024

PLUS: Abu Dhabi breaks ground on first phase of AED 9.3 bn housing project

PLANET FINANCE

Voluntary carbon markets are no panacea. Plus: Wall Street moves to T+1 settlement cycle.

by enterpriseam adminUAE EditionMay 29, 2024

Yellen emphasized the need for carbon markets built on a “commitment to integrity”

DIPLOMACY

President talks cooperation, investment with Korean businesses, entrepreneurs

by enterpriseam adminUAE EditionMay 29, 2024

Foreign Trade Minister Al Zeyoudi met with his Korean counterpart

CALENDAR

by enterpriseam adminUAE EditionMay 29, 2024

MAY 27-29 May (Monday-Wednesday): Arab Media Forum, Dubai. 28 May-4 June (Tuesday-Tuesday): Subscription period for retail investors for Alef Education’s IPO. 28 May-5 June (Tuesday-Wednesday): Subscription period for institutional investors for Alef Education’s IPO. 30 May (Thursday): Abu Dhabi Family Office Summit, Saadiyat Rotana Resort, Abu Dhabi. JUNE 1 June (Saturday): Deadline for TiE Women […]