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Logic Holding acquires majority stake in Nexel to expand GCC presence
The exact size of Logic’s ownership in Nexel was not disclosed
AD Ports names MAG Group as lead developer for Marsa Zayed
The first phase will consist of 1.2 km of Red Sea beachfront
DP World lists Mena’s first corporate blue bond on Nasdaq Dubai
ALSO- AirMed International opened a regional office at Dubai Healthcare City
THIS MORNING: Eagle Hills to invest USD 6 bn in Georgia + Iraqi Stock Exchange to join ADX’s Tabadul
Plus: CBUAE bans banks from covering DLD and broker fees
AD Ports to develop logistics park in Egypt’s Alexandria Port
ALSO- Ras Al Khaimah will welcome 12 new real estate projects this year, courtesy of Rak Properties
ASK Private opens up office in Dubai
ALSO- Catalyst makes three direct investments in global startups
AD Ports upsizes revolving credit facility to USD 2.1 bn amid strong banking interest
PLUS: Shuaa Capital restructures AED 208 mn in facilities with senior creditor
AD Ports + CMA CGM launch new container terminal at Abu Dhabi’s Khalifa Port
The facility will expand the port’s total container capacity by 23%
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