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Cado raises USD 4.5 mn pre-seed to scale regional and US expansion
The funding round was led by Sanabil 500
Hotel market revenues surge 11.9% y-o-y this year
Abu Dhabi led nationwide growth, followed by Dubai and Ras Al Khaimah
Dubai International Chamber enters eastern Europe
PLUS- Superior Technology Systems and GE Vernova land 3 GW power plant contract + LNG import terminal
Mubadala Capital could acquire US billboard operator + Manchester United in UAE consortium’s sight
PLUS: Golden visa for endowment support
THIS MORNING: Mubadala to tap debt markets again this month + Reuters poll positive on UAE growth this year
Plus: Zayed National Museum to open on 3 December
Dana Gas, Crescent Petroleum kick off operations at Khor Mor expansion in Iraq ahead of time + CME Group, UBS expand in the UAE
Plus: NMC Healthcare founder to pay USD 46 mn to SBI for lying under oath
Alec’s shares gain 0.7% on debut
The stock earlier touched a high of AED 1.50
Dubai Investments taps banks to list its Dubai Investments Park unit + Masdar eyes USD 1 bn investment in Turkey?
Plus: Khazna earmarks 400 MW of 1 GW goal for key markets
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