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High oil prices, state-backed investments to support corporates’ growth
Author Archives: enterpriseam admin
Posted inINVESTMENT WATCH
Adnoc boosts planned decarbonization investments >50% to USD 23 bn
The company aims to contribute AED 178 bn to the UAE economy over the next five years
Posted inM&A WATCH
Taqa offloads stake in Kurdish oil field
The stake sale will result in Canadian ShaMaran owning 50% of the oil field
Posted inREAL ESTATE
Danube Properties to develop AED 2 bn residence in Jumeirah Lake Towers
The 65-story twin towers will house 1.2k residential units
Posted inREAL ESTATE
Majid Al Futtaim awards contracts worth AED 3 bn for flagship Dubai development
The contracts were awarded to the construction companies Innovo Build and Unec
Posted inPOLICY
A step forward for AI research
The council is responsible for developing policies driving AI research, infrastructure, and investments
Posted inSTARTUP WATCH
Akkrue Capital closes seed funding round led by DHF Capital
DHF, a Luxembourg-based investment management firm, expanded its portfolio to include Akkrue Capital
Posted inEARNINGS WATCH
Deyaar Development’s 2023 net income rises 206% y-o-y
The real estate developer and service provider’s total revenue reached AED 1.3 bn in 2023, up 56% y-o-y