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Dubal snaps up majority stake in BiOD
BiOD operates the only biodiesel refinery in the region
UAE’s Electra snaps up 20% of Egypt’s Elsewedy Electric for USD 450 mn
Electra Investment has acquired 427.7 mn shares of the Egyptian electric company
GulfNav to complete Brooge acquisition in eight weeks
GulfNav will issue mandatory convertible bonds and new shares,
Adnoc to sell 40% of Ruwais LNG project
The oil giant is selling 10% stakes to Shell, TotalEnergies, BP, and Mitsui, sources say
Adia to join in on one of the biggest M&A transactions in Europe this year?
Plus: Dubai is getting the largest car market in the world
Indian crypto unicorn acquires Dubai’s BitOasis
BitOasis will retain its brand and leadership following the acquisition
Another Adnoc acquisition? + Sharjah sets final yield on USD 1 bn sukuk auction
Plus: Lunate mulls USD 5 bn in funding for acquisitions
G42’s partnership with Microsoft at risk?
Plus: Adia-backed consortium is among the preferred bidders for DB Schenker
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