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Earnings are in from AD Ports, Emsteel, Adnoc Distribution
Ensteel saw its income jump 246%
THIS MORNING: DFSA clarifies Islamic finance rules + Standard Chartered eyes UAE expansion
A new desalination plant is coming to Fujairah
M42 expands footprint in Brazil, AD Ports sells assets to Aldar, and another wager on autonomous aviation
M42’s acquisition lifts Diaverum’s footprint in Brazil to 18 clinics and three vascular access centers
More manufacturing activity, LPG hub breaks ground, Abu Dhabi and Baku twin up, Invictus takes Africa once again, and AB launches domestic feeder funds
AD Ports Group and Nimex terminals broke ground on a new liquefied petroleum gas storage terminal at Khalifa Port, the…
IHC, Lulu, Talabat, AD Ports, ADNH turn in earnings
It was a good year for IHC, ADNH, Talabat, AD Ports, and Lulu, while Tabreed’s refinancing weighed on earnings
AD Ports expands footprint to Cameroon with 30-year Douala terminal concession
The structure gives AD Ports an effective 51% economic interest
MGX backs Anthropic, adding to a rich portfolio that includes OpenAI and xAI
This places MGX as a major stakeholder of two companies slated for what could be the largest IPOs of all…
AD Ports goes long in Jordan, more funding and support for Shorooq and proptech startups, and Maerki Baumann lands in ADGM
Shorooq Partners secured more Qatari backing, while Dubai’s Vara greenlit SmartCrowd’s tokenization platform
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