Author Archives: enterpriseam admin
Dubai property sales prices were up 18% y-o-y in 2023
Office rents in Dubai surpassed pre-pandemic levels by 20% in 2023
Antwerp-Bruges Port ordered to pay EUR 41.3 mn in damages to DP World
The full payout, which will also factor costs and interest, could reach EUR 100 mn
Dubai-based crypto startup Backpack bags USD 17 mn in funding round
Backpack was founded by former FTX employees
A couple of resignations
Also: Umm Al Qawain’s Ports, Customs, and Freezone Corporation has a new executive director
Apollo CEO: UAE and Singapore better for investors than US
Plus: Dubai-based photographer documents the UAE's biodiversity
Asset manager Offset8 Capital invests in Indonesian carbon removal project + Mubadala eyes South Korea
Tons more news on the logistics, telecoms, tech, and media fronts
Investors are still loving Gulf IPOs
The appetite for Gulf IPOs is still strong: Saudi Arabia’s Modern Mills for Food Products IPOfor 30% of the company is 127x oversubscribed, it said in a statement (pdf). In total, institutional investors submitted bids worth SAR 150 bn (USD 40 bn) for the flour milling company’s public offering. The milling company is taking 24.5 […]