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THIS MORNING: ADQ could be vying for Sicily’s Catania Airport + Etihad Airways plans USD 15 bn investment over seven years; but no firm IPO timeline
Plus: Space42 ships first domestically assembled SAR satellites to US
Multiply Group to snap up 60.8% of Italian luxury packager ISEM
The remaining 39.2% will be held by Peninsula Capital and minority investors.
Gulf heirs reshape and relocate wealth to the UAE
Still, portfolios of riskier assets remain more conservative than in the West
THIS MORNING: Adnoc submits concessions to secure Covestro acquisition + Adia locks in shares in LG India’s IPO
Plus: DAE sounds out banks for sukuk
AD Ports to develop auto hub network with China + More EV chargers coming our way
Plus: Eshraq Investments expands into the maritime and industrial sector
NextSource to build battery anode plant in Abu Dhabi
The project carries a total capex of USD 291 mn, with forecasts putting annual revenue at USD 195 mn
Adia acquires minority stake in British ice cream maker Froneri
The fund reportedly invested EUR 1.4 bn alongside private equity firm PAI Partners
Abu Dhabi's GDP grows 3.8% in 2Q as non-oil sector hits record share
GDP reached AED 306.3 bn
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