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The stake sale comes in a bid to “enhance the capital structure and liquidity” of Borse Dubai
Author Archives: enterpriseam admin
Posted inM&A WATCH
Masdar to acquire 50% of US renewable energy producer
The acquisition will be finalized by the end of 2024
Posted inINVESTMENT WATCH
Mubadala, Uber invest in USD 100 mn series B for Moove
Mubadala and Uber boost Moove’s global expansion with USD 100 mn series B funding
Posted inDISPUTE WATCH
NMC, Dubai Islamic Bank bury the hatchet
DIB to own NMC’s new holding company
Posted inECONOMY
Dubai Inflation slows in February
The consumer price index in Dubai eased to 3.36%, up from January’s 3.6%
Posted inCABINET WATCH
Cabinet greenlights national biofuels policy, initiatives to support the workforce
Cabinet approved the establishment of a health ins. System for private sector employees
Posted inEARNINGS WATCH
Dubai National Ins. and Reins. reports 2023 results
Dubai National Ins. and Reins. reported a net income of AED 47.1 mnin 2023, up 7.8% y-o-y, according to the company’s financial statements (pdf). The company’s ins. revenues rose to 448.3 mn in 2023, up 28% y-o-y. The board proposed a 10% cash dividend totaling AED 11.55 mn for the year.
Posted inMOVES
Rene Egle tapped as Jumeirah Beach Hotel general manager
Egle has nearly four decades of experience in luxury hospitality