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THIS MORNING: MGX to back OpenAI? + Rede Partners to set up shop in Dubai
Plus: Blackstone could offload stake in Dubai-based VFS Global
Adia offloads 50% stake in Policy Expert to PE firm
Adia remains a minority shareholder in the company
THIS MORNING: Adnoc to submit final EUR 14.4 bn bid for Covestro + Etihad Airways IPO pushed to next year?
Plus: Gross bank assets inched up at the end of June
THIS MORNING: Burjeel added to FTSE indices + Chinese premier visits UAE this week
Plus: Adia-backed consortium sweetens bid for DB Schenker, asks for fair assessment
Dubai’s Sunset acquires majority stake in restaurant operator Maximal
The acquisition will boost Sunset’s foothold into the US and Canada
NMDC Energy IPO already oversubscribed
Plus: The visa overstay amnesty period kicked off yesterday
Invictus to acquire South African flour milling firm
The acquisition comes as part of a strategy to expand its agro-food business in Africa
NMDC Energy’s book building process kicks off + EGA, Brands for Less eye more expansion and acquisitions
Plus: CBUAE’s T-Sukuk auction 5.7x oversubscribed
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