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THIS MORNING: November was a bad month for stocks + You’ll pay more at the pump this month
Plus: UAE could have a role in the US’ AI supply chain push
THIS MORNING: Driverless taxis are now on Uber in Abu Dhabi + ENBD CEO breaks down plans post-acquisition of RBL
Plus: Petrofac files for insolvency for its Middle East unit
Dubai Airshow wraps up with plenty of agreements to boost eVTOl, manufacturing, and defense sectors
A local eVTOL player gets a boost + Strata inks another Airbus manufacturing agreement
MRO + local manufacturing take center stage in day 4 of Dubai Airshow
Also: MBRAH is getting a new aviation services hub + RAK Airport will develop a VVIP terminal and private jet…
Dubai Airshow day 2 wrap-up: Etihad, flydubai lock in Airbus orders + Emirates eyes new manufacturing facility, Strata plans engine part manufacturing
More agreements incoming from Dubai Airshow
Mubadala-backed Aquarian seals USD 4.1 bn transaction to acquire Brighthouse Financial
The offer represents a 37% premium to its 27 January close
Mubadala acquires a majority stake in the Spanish university UAX alongside other investors
Civen and UAX’s founder Jesús Núñez participated in the acquisition
Mubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund
The company will use the funding to expand its operations and hire additional staff
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