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Adia to invest USD 750 mn in GMR Group's debt
The funds will be used to refinance all external debt of GMR Enterprises
ADIA-backed Lake Shore lines up USD 143 mn green loan
Plus: Mastercard to roll out biometric checkout authentication with Noon, replacing one-time passwords
THIS MORNING: Adia to participate Adani’s USD 2 bn share sale? + Dubai will be 90% cashless by 2026
Plus: Acelen bondholders are getting antsy as talks for a sale of the Mataripe refinery from Mubadala drag on
Abu Dhabi’s sovereign wealth capital makes it the richest city in the world
Dubai ranked fifth in the Mena region in SWF capital
UAE + India ink pact on trans-continental food trade route
ALSO: India cut down its local remedies exhaustion period for UAE investors to three years
Finance Ministry to hold dialogue with state-owned GCC firms next week + Adia still after DB Schenker
Plus: ADX is working on an Islamic index
Adia backs Polus Capital’s distressed debt strategy
The fund will focus on distressed debt
Investors are becoming more selective amid the surge in MENA IPOs + Fed decision today
Plus: Adia-backed Bajaj jumps on market debut
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