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Damac’s data center unit acquires Nordic data center developer
The company will build a “significant future capacity in the Nordics”
Mubadala, Silver Lake take NYSE-listed Endeavor private
Plus: He successfully exists Khazna
Epik Foods acquires Sauce Capital as part of regional expansion plans + Basatne now owns Cartlow
This will add 15 brands to Epik Foods’ portfolio
UAE CEOs see more long-term incentives and bonuses amid rising regional competition
35.5% of CEOs in the UAE now are benefiting from LTIPs
Lumi AI raises USD 3.7 mn in seed funding from ADQ, Qora71, and other investors
Lumi will use the funding to scale its engineering and customer success teams and double down on product development
Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework
Plus: Al Seer Marine JV lands AED 1.3 bn naval vessel contract
Fintech Enza raises USD 6.8 mn in first external funding round
The round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital
Singapore-based creator management firm Gushcloud plans biggest office in Abu Dhabi + Green hydrogen-powered buses coming to Dubai?
Plus: Ethiopia, Abu Dhabi expand air travel
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