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Author Archives: enterpriseam admin
Posted inIPO WATCH
Alef’s IPO could raise as much as AED 1.89 bn
Alef set its indicative price range at AED 1.3-1.35 per share
Posted inMANUFACTURING
Day two of Make it in the Emirates: More funding, new digitization initiatives, and new manufacturers set up shop in Dubai
The Industry and Advanced Technology Ministry rolled out a digitization initiative to boost digitization for 100 local manufacturers
Posted inM&A WATCH
Lunate acquires minority stake in US-based PE firm as part of USD 3 bn JV with Blue Owl
The “passive” investment will not have an impact on Linden’s operations or investment strategies
Posted inBanking
The UAE’s largest 10 banks raked in AED 20.8 bn worth of net income during 1Q
The top 10 banks saw their net income surge 9.3% q-o-q
Posted inENERGY
Tecnimont secures contract to build low-carbon ammonia plant in Al Ruwais
The facility, which will produce 1 mn tons of ammonia annually, is being developed by a consortium of local and global companies
Posted inLOGISTICS
Gulf Islamic Investments + Logipoint to launch a USD 300 mn logistics JV
The JV will initially focus on serving Riyadh and Jeddah, with plans for expansion to other cities in the future
Posted inSTARTUP WATCH
GrubTech bags USD 15 mn in series B funding
The startup plans to expand into KSA, Europe and the UK.
Posted inALSO ON OUR RADAR
Two Egyptian financial services firms are expanding to the UAE
PLUS: Abu Dhabi breaks ground on first phase of AED 9.3 bn housing project