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THIS MORNING: Guinea transfers EGA’s concession to state-backed firm + Dubai Investments to IPO one of its subsidiaries this year
Plus: Masdar in line for a stake in Inerdrola’s solar portfolio in Spain
Bahrain’s SWF Mumtalakat acquires a stake in BlueFive Capital. PLUS: Ghitha’s NRTC expands further in Egypt
Mumtalakat joins the existing 25 founders, including institutions and family offices
THIS MORNING: Adnoc Drilling eyes another acquisition in Kuwait and Oman + Fuel prices are down marginally in August
Plus: Gulf Capital eyes three or four more exits in the next 18 months
Union Properties wraps financial restructuring with latest sale
The agreement will wrap up a multi-year financial recovery plan
Dubai investment firm Beyond One in talks to acquire Telefónica’s Mexican operations
The Dubai-based arm of Priora Management Holding owns Virgin Mobile Middle East and Latin America
THIS MORNING: US to ease AI exports? + No more OTPs as of today, CBUAE says
Plus: Masdar City firms could soon be allowed to own land, property in Dubai
Edge to launch JV with Turkey’s Pavo Group
Plus: Dana Gas estimates some 9 bn cubic feet of natural reserves from appraisal well in Egypt
Al-Futtaim takes big stake in Cenomi Retail
Cenomi Retail had been shedding brands as part of a turnaround bid. Al-Futtaim is now offering a lifeline — and…
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