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The UAE leaped 19 spots in the global ranking to hold the eighth spot
Author Archives: enterpriseam admin
Posted inBanking
UAE banks to post stable returns in 2024 –Moody’s
The four biggest banks made up 74% of the banking sector’s total income
Posted inINVESTMENT WATCH
Investcorp to pour USD 4.2 bn in the redevelopment of JFK Airport
The investment was made through Investcorp’s partnership with Corsair Capital
Posted inDEBT WATCH
DAE secures new AED 2.75 bn 5-year unsecured term loan from Emirates NBD
The loan aims to support DAE’s general corporate needs and future financing requirements
Posted inDEBT WATCH
Tabreed buys back outstanding USD 500 mn trust certificates
The company received approval to purchase USD 200.7 mn of the trust certificates
Posted inM&A WATCH
Phoenix Group gets green light to acquire 12.5% of Rekt Studios
ADX-listed crypto firm Phoenix Group’s board approved yesterday the acquisition of a 12.5% minority stake in Dubai-based web3 gaming firm Rekt Studios in a USD 2.5 mn transaction, according to an ADX disclosure (pdf). The acquisition will be executed through Phoenix’s wholly-owned subsidiary, Phoenix INV Holdings. Expanding its footprint: Phoenix shelled out USD 187 mn […]
Posted inTech
3AI Holding now co-owns SML India’s Hanooman GenAI platform
The Abu Dhabi investment firm holds a 50% share in the platform
Posted inMOVES
Hassan Karimi joins NewSpace Capital advisory board
Karimi is an experienced investor and co-founder of KHK & Partners in Dubai
Posted inKUDOS
33 UAE company heads make Forbes’ most impactful real estate leaders in MENA list
Leaders at 33 UAE-based companies were named among Forbes’ The Middle East’s Most Impactful Real Estate Leaders 2024. Those among the top 10: Mohamed Alabbar, Emaar Properties (1) Talal Al Dhiyebi, Aldar Properties (2) Hesham Al Qassim, Wasl (4) Hussain Sajwani, Damac Properties (6) Naaman Atallah, Nakheel (9) P. N.C. Menon, Sobha Realty (10) President […]