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THIS MORNING: Masdar exits hydrogen project with OMV + Adia offloads more of Lenskart
Plus: IHC confirms Fount Trust as its ultimate parent
EGA exports its tech, Keep Converting raises USD 2 mn, Hafeet Rail moves closer, IHC boosts UAE space ambitions, Edge + Safran team up again
UAE aluminium tech heads to India Emirates Global Aluminium (EGA) is exporting something far more valuable than aluminum to India:…
2Q results from Adnoc Distribution, Salik, IHC, and Burjeel
Adnoc’s record earnings were driven by higher fuel prices, stronger commercial margins, and fast-growing non-fuel businesses
IHC shareholders approve Multiply-Ghitha-2PointZero merger, appoint leadership for post-merger AED 120 bn firm
The post-merger entity — which will be known as 2PointZero Group — will be led by current Multiply CEO Samia…
IHC cuts stake in Adani Energy
Following the divestment, IHC’s stake in AESL dropped to 0.85% from 2.68%
Abu Dhabi powerhouses plan AED-backed stablecoin
The move is a vote of confidence in the sector that has already been booming in the UAE
2PointZero acquires Egyptian fintech Maseera Holding, with plans for Abu Dhabi presence
The Abu Dhabi-based asset manager plans to inject some AED 1 bn into Maseera
IHC’s 2PointZero acquires EHC stake
PLUS: Emaar to invest EGP 100 bn in Egypt’s residential development New Mivida
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