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THIS MORNING: Dubai Investments Park is still pushing ahead with IPO plans + Bildco looks to Oman for logistics project
Plus: The US’ Cantor secures ADGM approval for regulated financial activities
MGX makes another AI wager, another int’l player lands in DIFC, a cold chain hub for Abu Dhabi, Gallega adds capacity to Jafza, another real estate project with Bildco in tow, Adia subsidiary heads for another Medline share sale
MGX joined a USD 2.1 bn funding round for UK-based Isomorphic Labs
Majid Al Futtaim to build AED 62 bn mega-community in Dubai South
The developer will build a 22 mn sq ft mixed-use community
Second monthly dip in Dubai prices, but March shock fades into slower reset
April saw capital values continue to cool down, though at a slower pace than in March
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…
Mashreq, DIB, and EDB pledge AED 18 bn in financing for manufacturers
Mashreq is weaving green and sustainability-linked loans into the mandate, banking on appetite for green financing as energy input diversification…
Mubadala makes container play, e& capital backs Magic Cube, Capital Group joins ADGM, progress on Dubai Loop
The moves ups Mubadala’s exposure to a sector moving 75% of international goods
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