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Multiply Group is the new majority shareholder of Spanish retail group Tendam
The transaction values the parent company at AED 5.6 bn
ADQ takes control of Aramex with 63.2% stake
Abu Dhabi sovereign wealth fund ADQ finalized the acquisition of a 63.2% stake in DFM-listed logistics giant Aramex, slightly below…
Breaking down DIFC’s latest amendments to data, security, and insolvency laws
Individuals can now file claims in DIFC courts for unlawful processing of their data
THIS MORNING: More AE Coin payments as crypto goes mainstream + Abu Dhabi Airports sees 13% y-o-y increase in passengers in 1H
Plus: Ajman NuVentures Center Freezone rolls out new pay-as-you-go business package
THIS MORNING: xAI in talks with G42 to lease data centers? + Nividia chip access stalled further…
Plus: Arada set to tap Islamic debt markets next week
UK’s Gemcorp to raise USD 1 bn Africa fund from Abu Dhabi
UK-based asset manager Gemcorp is raising a USD 1 bn private credit fund from its Abu Dhabi office to finance…
PE firm BlueFive takes over Abu Dhabi’s Wusoom Holding
The transaction comes days after it closed the its USD 2 bn debut equity fund
Wizz Air Abu Dhabi to shut down operations by September
The airline cited high costs associated with maintenance problems along with airspace closures
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