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Global South Utilities plans 250 MW renewables projects in Madagascar
Plus: New feeder funds + sukuk fund in DIFC
Adnoc drilling lands USD 800 mn contract for fracturing services
The five-year agreement is slated to begin in 3Q
Multiply Group agrees to offload PAL Cooling to Tabreed + CVC
The transaction values Pal Cooling at AED 3.8 bn
THIS MORNING: UAE on track to surpass Saudi Arabia in construction contracts for the first time in years
Plus: Dubai regulator reportedly searches offices of Magellan Capital
Sharjah gets its first solar power plant
The plant can supply clean electricity to around 13.8k homes annually
Azizi Group launches energy arm, with focus on Afghanistan
The new subsidiary will focus on emerging markets, with Afghanistan as a start.
UAE deepens ties with Canada in trade, energy, and investment during FM’s visit
The FM held ministerial meetings with Canada’s prime minister, foreign minister, finance minister, and industry minister
THIS MORNING: Americana eyes Five Guys, Cinnabon operator + More details about Ras Al Khaimah airport’s new terminal
Plus: GulfNav readies convertible bond issuance to fund Brooge acquisition
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