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L’imad Holding moves to take full control of Taqa
Taqa is heading toward full private ownership after its majority shareholder launched a mandatory acquisition process to buy out the…
Mubadala, Adia continue activity abroad + Aster DM plants its flag east as Hospitality Net heads to Dubai
Mubadala invested in Koho’s Series E round, which valued it at CAD 1.33 bn
THIS MORNING: More names are expanding in ADGM + is Mubadala eyeing a play for a European fast-food giant?
Plus: Dubai’s giant circular farm is nearing its first harvest
Julphar wraps up UAE pharmacy divestment, another gifting startup raises capital, Vara clears another crypto player, European tech heavyweight chooses the UAE
The pharma manufacturer completed the sale to Al Batha Group
THIS MORNING: Botswana in talks with UAE, Oman over diamond producer takeover + Barakah nuclear plant could be in for more protection
Both countries would back Botswana in making a play for De Beers
e& sells Careem stake to Uber and opens up a path for Uber to fully own Careem again
The acquisition comes almost three years after Careem spun out its super app operations into a separate unit, in which…
THIS MORNING: Petrofac sells UAE unit to US, UK players + Alec clinches construction contract for The Sphere
Plus: Both IHC and Alabbar are eyeing struggling IFFCO
Dubai’s Averi targets Johannesburg listing through South African reverse takeover
The firm is weighing a reverse takeover of South Africa’s Mantengu as it targets USD 1 bn in revenues and…
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