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L’imad takes over 2PointZero’s Taqa stake
Abu Dhabi’s L’imad has increased its stake in Taqa, with one of its indirect subsidiaries — Abu Dhabi Power Corporation…
THIS MORNING: Dubai Investments Park is still pushing ahead with IPO plans + Bildco looks to Oman for logistics project
Plus: The US’ Cantor secures ADGM approval for regulated financial activities
THIS MORNING: Abu Dhabi eyes bringing Mubadala and L’imad’s China-focused assets under one umbrella + reports swirl of UAE-Egypt eyeing Moroccan tourism
Some hotels in Dubai are shutting up shop for renovations, some for good
L’imad + other GCC SWFs reportedly commit USD 24 bn to Paramount’s takeover of Warner Bros.
The funds have non-voting positions to allay foreign ownership concerns
THIS MORNING: Standard Chartered-backed firm plans shariah-compliant wealth management firm + Paramount’s bid for Warner Bros. is in the spotlight
Plus: Abu Dhabi opens two new bridges
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