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Dubai Taxi moves into Abu Dhabi with AED 1.5 bn National Taxi acquisition
The debt-funded acquisition would hand DTC a larger share of Dubai’s taxi market
1Q results from Lulu, Talabat, ADA, Dewa, RAK Ceramics, Dubai Investments, Agthia, and Alef
Lulu also saw a slowdown on the back of softer activity in March Lulu Retail’s net income fell 32.8% on…
THIS MORNING: IPO plans cool for Dubai Holding and EGA + More UAE, Syria collaboration is on the way
Plus: An Adia-backed IPO is hitting the US’ Nasdaq
FAB issues an oversubscribed USD 700 mn sukuk, but the pricing premium hasn’t gone anywhere
Pricing tightened from initial pricing, but the geopolitical premium is still there when compared to its earlier issuances
More green hydrogen on its way
The announcement lands despite global green hydrogen demand declining
Tawazun, AD Ports partner on new defense manufacturing hub in Abu Dhabi
Al Selmiyyah project brings together Tawazun’s regulatory mandate and AD Ports’ industrial expertise to build an integrated ecosystem for defense…
THIS MORNING: Another Adnoc vessel passes through Hormuz + Adnoc wants to hit the gas on unconventional gas project
PLUS: Adnoc Drilling targets a 50-50 revenue split from manufacturing and drilling
TII sells cryptographic tech to Opaque
The sale sees TII acquire a stake in Opaque
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