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THIS MORNING: Incentives for hotels in Dubai South, Palm Jebel Ali, and more + AED-denominated physically deliverable gold contracts coming?
Plus: IHC board signs off on Multiply-Ghitha-2PointZero merger
Mubadala Capital could acquire US billboard operator + Manchester United in UAE consortium’s sight
PLUS: Golden visa for endowment support
Multiply to acquire 2PointZero and Ghitha in share swap
The move will consolidate the three Abu Dhabi firms into one listed platform with AED 120 bn in assets across…
Multiply Group to snap up 60.8% of Italian luxury packager ISEM
The remaining 39.2% will be held by Peninsula Capital and minority investors.
Mashreq, Multiply, Modon, Aldar, DTC, and Al Seer turn in earnings
Mashreq’s operating income growth was driven by strategic expansions and a boost in non-interest income
Multiply Group is the new majority shareholder of Spanish retail group Tendam
The transaction values the parent company at AED 5.6 bn
Multiply subsidiary Emirates Driving Company is acquiring a stake in fleet operator Mwasalat Holding
EDC’s net income rose 7.6% y-o-y to AED 68.8 mn in 1Q 2025
Multiply Group agrees to offload PAL Cooling to Tabreed + CVC
The transaction values Pal Cooling at AED 3.8 bn
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