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Majarra acquires UAE-based Arabic AI and NLP startup Lableb
The move marks Majarra’s expansion into the AI sector
Muller & Phipps acquires 100% of local esports firm Power League Gaming
The gaming firm plans to expand into KSA by the end of this year
Alpha Dhabi and Adnoc Drilling JV acquires majority stake in oilfield services tech firm NTS Amega
This is Enersol’s second acquisition this year
Are GCC trade talks with the UK on track after change in gov’t?
Plus: Aldar Properties lists USD 500 mn green sukuk on the ADX and the Global Exchange Market
THIS MORNING: US lawmakers call for probe into Microsoft’s partnership with G42 + FAB denies plans to acquire a stake in Yes Bank
Plus: More m’naires to flock to the UAE this year
Adnoc sells 40% of Ruwais LNG project + secures supply agreements
The oil giant sold 10% stakes to Shell, TotalEnergies, BP, and Mitsui
FAB eyeing USD 5 bn stake in India’s Yes Bank + Dubai to build world’s largest food logistics zone
Plus: Moody’s says UAE is among the top five fastest emerging economies in 2024
Dubal snaps up majority stake in BiOD
BiOD operates the only biodiesel refinery in the region
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