It’s a relatively quiet morning for the UAE in the foreign press, save for one piece from the Financial Times looking at how UAE-Israeli business and interpersonal ties could be affected by Israel’s war in Gaza.
Author Archives: enterpriseam admin
Gulf Biopolymer Industries will build MENA’s first biodegradable PLA plant in Kezad
The facility — for which GBI signed a 50-year lease agreement— is planned to have an annual 30k ton production volume
Turkey Wealth Fund’s debut international bond issuance was 14x overscribed
Central bank turbulence has not swayed investors away from Turkey: Turkey’s sovereign wealth fund’s debut international bond issuance was met with a strong investor appetite, despite the sudden leadership change within the country’s central bank last week. The Turkey Wealth Fund reeled in some USD 7 bn in orders for its USD 500 mn USD-denominated […]
FEBRUARY 1-15 February (Thursday-Thursday): InClassica Dubai International Music Festival 2024, Dubai Opera. 2-29 February (Friday-Thursday): Ras Al Khaimah Art 2024 Festival, Al Jazeera Al Hamra. 3-11 February (Saturday-Sunday): Mubadala Abu Dhabi Open, Zayed Sports City’s International Tennis Centre. 5-8 February (Monday-Thursday): Medlab Middle East, Dubai. 6-8 February (Tuesday-Thursday): AEEDC Dubai 2024, Dubai World Trade Centre. […]
Abu Dhabi Investment Authority eyes minority stake in China’s Zhuhai Wanda + Lots of M&A news this morning
Good morning, ladies and gentlemen, and welcome to a rather M&A-heavy issue where the big story is two Ghitha Holding subsidiaries kicking off plans for cross-border acquisitions to expand their global footprint. BUT FIRST, we have a run of stories on which you may wish to keep an eye over the coming days and weeks: […]
Ghitha Holding expands with two cross-border acquisitions
Ghitha Aeroinvest will acquire 44% of a Turkish air freight company, while Invictus is eyeing 60% of a Moroccan agriculture trader
Maqta Gateway acquires 60% stake in Dubai Technologies for AED 28 mn
The acquisition will see Maqta Gateway integrate Dubai Technologies’ port digitization systems into its own in-house solutions
Expect at least five more IPOs in the UAE this year
The UAE ranked first in the region in terms of generated proceeds in 2023
Aldar earmarks AED 5 bn for new Abu Dhabi assets
Aldar plans to up its commercial leasable area by 31% to 549k sqm