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The private equity industry is facing a severe liquidity crunch, with firms globally sitting on a whopping 28k unsold companies valued at USD 3.2 tn, according to consultancy Bain & Co's latest annual private equity report (pdf). Nearly half of assets have been held for four years or more, which the report says is the […]
Author Archives: enterpriseam admin
Posted inCALENDAR
MARCH 5-12 March (Tuesday-Tuesday): Subscription period for retail investors for Parkin’s IPO. 5-13 March (Tuesday-Wednesday): Subscription period for institutional investors for Parkin’s IPO. 21 March (Thursday): Parkin shares begin trading. APRIL TBC April: DRIFTx, Abu Dhabi. 9/10 April (Tuesday/Wednesday): End of Ramadan, public holiday. 8-12 April (Monday-Friday): Eid Al Fitr, public holiday. 16-18 April (Tuesday-Thursday): […]
Posted inREAL ESTATE
The UAE is getting its first digital rental payments platform
Tenants can soon pay their rent digitally: Real estate app Keyper and central bank-regulated marketplace Direct Debit are partnering to launch the country’s first digital rental payments platform, Keyper said in a statement. The new system integrates Keyper’s Rent Now Pay Later service, offering tenants flexibility in making monthly digital payments while ensuring upfront payments […]
Posted inEARNINGS WATCH
Orient Ins.’s bottom line grew 22% last year
The ins. company’s revenues reached 6.3 bn during the previous year
Posted inMOVES
New strategic affairs office with new appointments
The office will be part of the Presidential Court
Posted inALSO ON OUR RADAR
G42 plans mega data center in Kenya + new desal plant in Umm Al Quwain
Plus: More logistics, aviation, science, space, and healthcare news
Posted inPLANET FINANCE
An almost record year for Saudi Aramco, despite waning oil prices and production cuts
Saudi’s Aramco recorded its second-highest annual net income ever in 2023, despite falling 25% y-o-y to USD 121 bn on waning oil prices and lower output, according to the oil giant’s latest earnings release (pdf). The firm’s revenues also decreased by 18% y-o-y to USD 440 bn over the same period, the company said in […]
Posted inDIPLOMACY
Abu Dhabi, Slovakia agree to boost cooperation and establish an investment fund + more partnerships with Greece
The agreement will see the UAE and Slovakia cooperate on supporting SMEs and startups
Posted inCALENDAR
MARCH 5-12 March (Tuesday-Tuesday): Subscription period for retail investors for Parkin’s IPO. 5-13 March (Tuesday-Wednesday): Subscription period for institutional investors for Parkin’s IPO. 11-12 March (Monday/Tuesday): Start of Ramadan. 11 March (Monday): Dubai’s PMI figures are out. 21 March (Thursday): Parkin shares begin trading. APRIL TBC April: DRIFTx, Abu Dhabi. 9/10 April (Tuesday/Wednesday): End of […]