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AD Ports goes long in Jordan, more funding and support for Shorooq and proptech startups, and Maerki Baumann lands in ADGM
Shorooq Partners secured more Qatari backing, while Dubai’s Vara greenlit SmartCrowd’s tokenization platform
FAB Formosa draws in USD 750 mn, FinMin secures AED 1.1 bn in t-sukuk, Tarabut acquires Bahraini AI player, and a PPP for Ras Al Khaimah
FAB’s Formosa bonds kept their initial price guidance of 75 basis points over the secured overnight financing rate
Tahnoon-linked entity quietly buys into Trump-linked US crypto venture
Aryam Investment 1 agreed to acquire a 49% stake in World Liberty Financial for USD 500 mn
Maalexi CEO on the problems facing small farmers, tokenizing agricultural assets, and the importance of taking risks
It can take up to 60 for an exporter to be paid, creating a gap in capital and preventing them…
THIS MORNING: Italian president lands in UAE today + XRG raises stake in Rio Grande LNG project
Plus: Sharjah is eyeing more data centers
Mubadala invests in AI again + Emirati real estate players enters Indonesia
Mubadala led AppliedAI’s pre-series B round as it continues its AI spending spree
Titan and Mercedes-Benz link up, Kezad makes metal play, Emirati startups secure funds, more defense, and SAF One taps India’s Tata
UAE steps up its downstream EV contributions with a multi-year lithium supply agreement with Mercedes-Benz
AD Ports sells off more land, more local defense agreements, another AI startup funding round, and a big-ticket Abu Dhabi real estate project
Defense agreements spanned local unmanned VTOLs and purchases of aircraft and drones by Edge
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