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PJT Partners to acquire Dubai’s deNovo
The transaction is expected to close in October
Rising demand for Dubai’s private schools catapults operators into b’naire status
The majority of families spend a third of their income on private school tuition fees
US asset manager PGIM launches first regional office in ADGM
PLUS: Binghatti launches AED 4 bn project in Al Jaddaf
THIS MORNING: DIFC launches AI license + OpenAI releases AI model that can “reason”
Plus: UAE official set to participate in Beijing defense forum
CBD names Piotr Bednarek as new GM and head of treasury + Takaful Emarat’s COO resigns, and Atlantis has a new president
Bednarek succeeds Mark Zanelli
More attention on m’naires, Russians, and British flocking to Dubai
Pro-migration and pro-business policies + real estate supply is “perfect equation”
Dubai is getting its own national university
The university received AED 4.5 bn in investment
Dubai real estate newcomer Majid Developments earmarks AED 500 mn in investments by next year
Majid Developments earmarks AED 500 mn for Dubai expansion: Real estate developer and newcomer Majid Developments is planning to invest…
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