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Plus: The UAE ranked 18th globally and first in the Middle East region in the World Economic Forum’s Travel & Tourism Development Index
Author Archives: enterpriseam admin
Posted inM&A WATCH
FAB closes in on acquisition of Yapi Kredi + Al Mal Capital REIT adds Dubai school to its portfolio
The Emirates’ biggest lender has reportedly been in talks to acquire 61.2% in Yapi Kredi
Posted inECONOMY
Fitch upgraded Ras Al Khaimah’s issuer default rating with a stable outlook
The ratings agency revised its forecast for the emirate’s medium-term growth to 6.2% this year
Posted inDEBT WATCH
Emirates Islamic takes USD 750 sukuk to the market
The lender gave the issuance a spread of 100 bps over US Treasuries
Posted inINVESTMENT WATCH
Alcazar raises USD 490 mn for second renewables fund
The fund received backing from the US International Development Finance Corporation
Posted inENERGY
Masdar and the World Bank advance Uzbek solar project
The 250 MW solar plant will include a 63 MW battery energy storage system
Posted inDIPLOMACY
France and the UAE ink strategic AI partnership + eye nuclear investments
The two countries will explore investments in data centers and semiconductors
Posted inEARNINGS WATCH
Yalla Group, Orascom Construction see bottomline growth in 1Q 2024
Orascom Construction’s backlog neared a record high
Posted inMOVES
Millennium Management adds to its Dubai hires
The firm appointed Nader Naeimi as its senior portfolio manager