The facility will convert traditional bus engines to electric engines and manufacture public transport buses and other EVs
Author Archives: enterpriseam admin
Behind Swvl’s turnaround
The Nasdaq-listed startup has seen its share price rise 928% over the past six months
Mubadala reaches AED 1.1 tn in assets under management + Takaful Emarat posts 1Q results
Mubadala grew its assets to AED 1.11 tn last year, while Takaful Emarat posted a net loss of AED 8.98 mn in 1Q
Revent secures USD 900k in a pre-seed funding round
The funding will be used to expand in Saudi Arabia and construct an SaaS platform
Dubai AI cluster is now online
PLUS: PureHealth launches Sakina, a mental health platform + SIB joined e&’s blockchain trading platform, Haifin
Latest inflation data sends USD rally into reverse
Traders now expect the Fed to deliver two quarter-point rate cuts in 2024
MAY 20-22 May (Monday-Wednesday): Middle East Petroleum & Gas Conference, Dubai. 20-21 May (Monday-Tuesday): The Global Prompt Engineering Championship, Dubai. 21-23 May (Tuesday-Thursday):International Exhibition for National Security & Resilience, ADNEC Centre Abu Dhabi. 24-25 May (Friday-Saturday): Baby Expo, Dubai World Trade Centre. 27-29 May (Monday-Wednesday): Arab Media Forum, Dubai. 30 May (Thursday):Abu Dhabi Family Office […]
UAE led IPO activity in terms of proceeds in the MENA region in 1Q 2024
Plus: Alpha Dhabi will hold a shareholder vote on several acquisitions on 10 June
Wood Group rejects higher takeover bid from Sidara
The revised bid sees Wood Group valued at GBP 1.47 bn, instead of GBP 1.43 bn