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Saudi Arabia’s PIF solidifies position in US EV maker Lucid with additional USD 1 bn stake
A share of the proceeds will finance Lucid’s capex and working capital
UAE and Paraguay state heads discuss boosting ties + Gaza aid
The president phoned Paraguay’s President Santiago Peña
MARCH 11-31 March (Monday-Sunday): Nad Al Sheba Sports Tournament, NAS Sports Complex. 14 March-14 April (Thursday-Sunday): Dakakeen Festival, Khorfakkan Amphitheatre. 21 March-10 April (Thursday-Wednesday): Ramadan Nights 2024, Expo Centre Sharjah. 23-25 March (Saturday-Monday): The Sharjah Museums Authority’s "Ramadan Gathering" event, Sharjah Museum of Islamic Civilization. 26 March (Tuesday): Chimera JPMorgan UAE Bond UCITS ETF to […]
CBUAE approves Brookfield’s acquisition of Network International
Good morning, wonderful people, and happy Monday. We have a relatively brisk issue of news today following a slightly uneventful weekend — let’s dive in. But first: Happy Holi to our Indian readers. We hope this holiday brings you peace and joy. THE BIG STORIES here at home are all M&As: MBC Group acquired a 13.7% […]
MBC Group snaps up a nearly 14% stake in Anghami ahead of OSN-Anghami merger
Anghami’s share price rose 74% since the transaction
AD Port acquires majority stake in Georgia’s Tbilisi Dry Port
The project is slated for completion by 4Q 2024
International Resources Holding completes Mopani Copper Mines in Zambia acquisition
Previous reports stated that IRH would invest USD 1.1 bn for a 51% stake
Could exposure to high-emitting sectors pose liquidity, legal risks to GCC lenders?
70% of the region’s rated banks offer sustainability-labeled products