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Re-insurers are also upping prices and pressuring primary insurers in Lebanon, Jordan, and Israel to cap coverage
Author Archives: enterpriseam admin
Posted inDIPLOMACY
UAE wraps partnership talks with Costa Rica + plans to cooperate with Kazakhstan on data centers and AI infrastructure
Also: President talks diplomacy, terrorism with Erdogan
Posted inON YOUR WAY OUT
Abu Dhabi AI player G42 pushes back on US allegations it’s cozy with China
Company says it is “fully aligned with our US partners” and “not engaged with Chinese companies”
Posted inCALENDAR
JANUARY 16-18 January (Tuesday-Thursday): iFX EXPO Dubai 2024, Dubai World Trade Centre. 19 January (Friday): The Abu Dhabi Extreme Championship 2 (ADXC 2), Mubadala Arena. 21-23 January (Sunday-Tuesday): World of Coffee Dubai, Dubai World Trade Centre. 23-25 January (Tuesday-Thursday): The Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX), Abu Dhabi National Exhibition […]
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: World Bank sees stronger growth in the UAE + We have five days left until Davos
Good morning, friends, and welcome to a rather packed hump day issue. Let’s get right to it, but first, a programming note: EnterpriseAM UAE is off tomorrow. We’re heading out to a company offsite today before we come back to tool up ahead of the official launch of EnterpriseAM UAE next week. If you haven’t […]
Posted inECONOMY
World Bank sees higher growth in the UAE in 2024 + 2025
The upgrade comes on the back of a stronger rebound in oil activity and export growth.
Posted inINVESTMENT WATCH
Aldar wants to invest AED 1 bn in logistics
Aldar will set up its first logistics hub in Dubai
Posted inM&A WATCH
Gulf Capital offloads stake in AmCan
Gulf Capital exits stage left from AmCan: Abu Dhabi-based private equity giant GulfCapital sold off its controlling stake in sports nutrition and healthy foods distribution company AmCan to an unnamed MENA-based FMCG distributor, according to a press release (pdf). The transaction marked a “highly profitable” exit from the alternative asset manager’s third buyout fund, GC […]
Posted inINVESTMENT WATCH
Alpha Dhabi transfers 25% stake in Gordon Technologies to its JV with Adnoc Drilling
This marks the JV’s first strategic investment since its launch this past November
Posted inCRYPTO
Phoenix subsidiary buys BTC mining machines from Bitmain to boost hashing power
The acquisition follow’s Phoenix's successful IPO in December