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THIS MORNING: Iranian flights suspended + MGX-backed consortium eyes another data center portfolio, Mubadala eyes stake in Italian turbine maker
Plus: UAE, Argentina launch separate CEPA track as Mercosur talks continue
GFH makes USD 130 mn US exit, MGX + BlackRock finalize USD 40 bn takeover, Empower expands Dubai network, another Jaywan development
GFH is looking to expand its assets under management to USD 7.5 bn by year-end
THIS MORNING: MGX raises USD 49 bn + UAE-Iran trade is back
Plus: There’s now an easier way to settle commercial disputes through DIFC
MGX raises nearly USD 50 bn to accelerate its AI investment push
The raise ranks among the largest dedicated AI investment vehicles to date
THIS MORNING: Dragon Oil in running for Egypt oil field concessions + MGX eyes USD 20 bn data center player
Plus: T+0 gold contracts are now available on the Dubai Gold and Commodities Exchange
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
MGX invests in Anthropic’s latest funding round + the latest T-sukuk was oversubscribed, again
MGX first invested in the firm back in February
MGX makes another AI wager, another int’l player lands in DIFC, a cold chain hub for Abu Dhabi, Gallega adds capacity to Jafza, another real estate project with Bildco in tow, Adia subsidiary heads for another Medline share sale
MGX joined a USD 2.1 bn funding round for UK-based Isomorphic Labs
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