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Mubadala Investment trims GlobalFoundries stake by 4.1% in 3Q 2024
ALSO- Irish-US VC firm Continuous Ventures agreed to support the NextGen FDI initiative
S&P Global upgraded Ras Al Khaimah’s sovereign credit ratings with a stable outlook
The ratings agency sees the emirate growing at 4% from this year to 2027
THIS MORNING: VC and PE funding to triple by year’s end? + Adnoc L&S to invest USD 5 bn over five years
Plus: Sharjah’s biggest solar plant to go live before next summer
THIS MORNING: Flying taxis + remote work might be the answer for our traffic woes
Plus: Ras Al Khaimah now has a public transport app
Ras Al Khaimah, UK to boost industrial ties + cross-border trade
ALSO- The Environment Agency of Abu Dhabi kicked off a research initiative to reduce domestic waste
Mashreq grants Gargash Group its debut green loan + New CFDs fro DFM, ADX indices
Plus: Lots of real estate, crypto, hospitality, and construction news
Dubai on track to open more than 34 new hotels in 2024 in tourism push
The tourism sector is expected to increase its contribution to GDP in 2024 to 12%
More real estate investments in Dubai, Ras al Khaimah, and Abu Dhabi
Aldar will develop one of its hotels in Abu Dhabi to become the largest resort in the region
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