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Kitopi gets USD 50 mn to expand, DAE leases again to Morocco, and NMDC’s dredging backlog gets bigger
Kitopi’s round was led by Singapore-based private credit platform EvolutionX
Aldar adds another USD 1 bn to its war chest + DAE raises USD 600 mn
Orders exceeded USD 4.2 bn led by regional accounts
Mubadala wraps investment in Korean clean water startup + DP World, Masdar City Freezone expand abroad
Plus: US identity security firm Savyint rolls out Dubai HQ
THIS MORNING: Driverless taxis are now on Uber in Abu Dhabi + ENBD CEO breaks down plans post-acquisition of RBL
Plus: Petrofac files for insolvency for its Middle East unit
Borouge, Multiply, Phoenix, and others hand in earnings
Borough saw record production during the quarter, with an improvement in sales volumes
THIS MORNING: Adnoc submits concessions to secure Covestro acquisition + Adia locks in shares in LG India’s IPO
Plus: DAE sounds out banks for sukuk
Emaar, Adnoc Gas, DIB, Agthia, and DAE’s 2Q earnings are in
Emaar’s sales rose to AED 36 bn during 1H 2025
DAE secures 10 Boeing amid fleet reshuffle + Enec eyes international nuclear projects with Hyundai
Plus: Saudi fintech Lean is now authorized under the UAE’s Open Finance Framework
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