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Logistics (MENA) 
IHC’s 2PointZero takes part in Archer Aviation’s USD 430 mn equity offering + Mubadala invests in AI firm Crusoe
A portion of the funds will be used to develop a hybrid aircraft
Beam Foundation sets up UAE’s first gaming fund in ADGM
The fund has a total investment size of USD 150 mn
Iliad Partners set up USD 50 mn fund to invest in UAE and KSA startups
The fund will focus on early-stage startups, and has OTO and Penny software as part of its portfolio
Gigatons and Hearst to build the UAE’s largest solar-powered cryptocurrency mining farm
The JV partnership and regulatory approvals will be finalized by the end of 2024
THIS MORNING: Ray Dalio, Paul Marshall ♥️Abu Dhabi + Adia calls for innovation in private credit
Plus: Etihad Airways to invest USD 7 bn in the next four to five years
Emirati-Moroccon private venture Dahamco readies plan for Morocco green ammonia project, eyes 2031 operational start
The project will be geared for export in its first phase, with production for the local industry to follow at…
Mubadala subsidiaries acquire stakes in Silver Rock, Zelis
Mubadala Capital will also receive an investment from Milken's family office
Damac Group to invest USD 3 bn in Southeast Asia's data center expansion
The first of three planned data centers in Thailand is scheduled to commence operations in March 2025
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