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Egypt’s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform
Plus: Canater has secured USD 1 mn from regional investment firm Foras in exchange for a 10% equity stake
AD Ports goes big in Egypt
AD Ports has been steadily growing its footprint in Egypt, with total investments estimated at around USD 349 mn over…
US tariffs will hit its own consumers. Retailers and suppliers are bracing for impact.
Businesses face tough choices as tariff effects squeeze both supply and demand
Ayu Life Sciences to develop a AED 33 mn medical facility in Jafza
Dubai Center for Artificial intelligence launches a global AI investment hub
GCC countries looks to scrap new IMO levy before it takes effect in October
A Saudi-led statement to the IMO warned that the new levy could “endanger exports from developing countries”
THIS MORNING: Adnoc shortlisted for acquisition of Shell’s downstream assets in South Africa + Wood resets the clock on Sidara’s takeover bid
Plus: Driverless taxis are now available in Abu Dhabi at no cost
Asset manager Lazard is the latest to expand to Abu Dhabi
Plus: Mediclinic to invest AED 120 mn into expanding its Airport Road Hospital
THIS MORNING: Jaywan is eyeing the launch of a credit card + Demand for cargo is still intact, industry players say
Plus: Global Cybersecurity Center of Excellence is expected to attract USD 1.4 bn in foreign investment
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