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Hotel market revenues surge 11.9% y-o-y this year
Abu Dhabi led nationwide growth, followed by Dubai and Ras Al Khaimah
Abu Dhabi’s Sagasse’s takeover bid for Egypt’s Elsewedy hits regulatory wall
The proposed structure violates market fairness and investor protection principles, according to the FRA
Multiply to acquire 2PointZero and Ghitha in share swap
The move will consolidate the three Abu Dhabi firms into one listed platform with AED 120 bn in assets across…
US greenlights some Nvidia AI chip sales to UAE
The value of chips the UAE will receive will reportedly match the UAE’s investments in US AI infrastructure on a…
Multiply Group to snap up 60.8% of Italian luxury packager ISEM
The remaining 39.2% will be held by Peninsula Capital and minority investors.
Gulf heirs reshape and relocate wealth to the UAE
Still, portfolios of riskier assets remain more conservative than in the West
AD Ports to develop auto hub network with China + More EV chargers coming our way
Plus: Eshraq Investments expands into the maritime and industrial sector
NextSource to build battery anode plant in Abu Dhabi
The project carries a total capex of USD 291 mn, with forecasts putting annual revenue at USD 195 mn
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