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Another hiccup in Adnoc’s Covestro takeover + Opec+ to weigh another supply hike on Sunday?
Plus: ICD’s Kerzner expands One&Only brand with new resorts in Fiji and US
Linde expands further in the region after upping stake in Airtec
Plus: Hub71's latest cohort includes 26 new startups
BlueFive takes over Neo Capital to launch private wealth arm
The move brings in USD 650 mn in AUM under Mumtalakat-backed BlueFive’s umbrella
Cvyn Holdings acquires remaining stake in McLaren Racing alongside Mumtalakat, taking full control of the racing unit
The transaction, which includes McLaren’s Formula 1 team, values the team at over GBP 3 bn
Sidara to acquire UK’s Wood Group for GBP 216 mn
The transaction includes a USD 450 mn capital injection from Sidara to shore up Wood’s liquidity
THIS MORNING: New trade bloc on the horizon? + Fuel prices up in September
Plus: UAE presides over an Arab League Council session in Cairo today
Adia to invest up to USD 1.5 bn in Singaporean logistics firm GLP
The sovereign fund has been a backer of GLP’s funds for years
THIS MORNING: D-day for Sidara? + Sotheby’s brings first auction series to Abu Dhabi in December
Plus: Talabat parent firm Delivery Hero cuts earnings guidance amid FX headwinds
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