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THIS MORNING: Guinea transfers EGA’s concession to state-backed firm + Dubai Investments to IPO one of its subsidiaries this year
Plus: Masdar in line for a stake in Inerdrola’s solar portfolio in Spain
Demand for industrial, logistics space in Dubai drops by a third in 1H 2025 as rents climb amid limited stock
The logistics sector dominated demand
Adia invests USD 200 mn in Indian medical device manufacturer Meril
The investment values Meril at an enterprise value of USD 6.6 bn
India’s Shapoorji Pallonji completes first Dubai residential project
Plus: Dar Global awards AED 201.5 mn main works contract for Rak project
Emirates Road is getting an upgrade
Plus: New Dubai-China pact targets business expansion in the manufacturing sector
Abu Dhabi's GDP grows 3.4% as non-oil sector hits record share
GDP reached AED 291 bn
Adnoc drilling lands USD 800 mn contract for fracturing services
The five-year agreement is slated to begin in 3Q
Abu Dhabi inflation cools further in May
This is Abu Dhabi’s second consecutive month in deflation territory
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