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First Abu Dhabi Bank invests in water security, CNTXT AI acquires Actualize + Mischon de Reya opens up in DWTC
The lender is investing in a fund opening emerging market access to safe water
Core42 is expanding its AI footprint in the US
The company will expand its capacity at its Lake Mariner site to 60 MW
Mega-IPOs may be rewriting the rulebook for indices and retail investors
SpaceX’s IPO is allocating an unprecedented 30% of shares to retail investors
Adia backs insurtech Sapiens, Positron AI comes to DIFC, DP World invests more in Dominican Republic freezone, Adnoc secures gas supply from Azerbaijan
Adia took a minority stake in Sapiens, which remains owned by Advent
THIS MORNING: Petrofac sells UAE unit to US, UK players + Alec clinches construction contract for The Sphere
Plus: Both IHC and Alabbar are eyeing struggling IFFCO
Second AI wave is making b’naires of some unlikely candidates
While the so-called first wave of AI startups was mainly focused on products and sectors directly linked to the AI…
MGX makes another AI wager, another int’l player lands in DIFC, a cold chain hub for Abu Dhabi, Gallega adds capacity to Jafza, another real estate project with Bildco in tow, Adia subsidiary heads for another Medline share sale
MGX joined a USD 2.1 bn funding round for UK-based Isomorphic Labs
More tech wagers from Mubdala + a Sharjah-Oman logistics corridor
Mubadala bought a stake in US’ Palantir
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