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Borouge control locks in ahead of merger finish line, Talabat picks up rent, Rakbank and Network International finalize agreement
ALSO- Talabat is cutting one of F&B’s biggest costs by offering 100 no-rent cloud kitchens
New appointments at EIB, Network International, and Enviroserve
Emirates Investment Bank tapped Michel Longhini as CEO
Network International taps new CFO
Jain formerly served as CFO at Careem, navigating its acquisition and subsequent spinouts
Network International and Magnati clear regulatory hurdle for upcoming merger
The merger is scheduled for completion in 3Q 2025
Biotech startup BioSapien raises USD 7 mn after extending pre-Series A funding
ALSO- The United Arab Emirates University inaugurated the country’s first academic Stem Cells Research Center
FAB + Brookfield take over Network
FAB and Brookfield will exchange their shares in Magnati for additional interests in Network Project Holdings
Network International becomes first to roll out Jaywan cards for merchants
Plus: Aman Group, Etihad Airways, Emirates, Etihad Rail, and others
CBUAE approves Brookfield’s acquisition of Network International
Good morning, wonderful people, and happy Monday. We have a relatively brisk issue of news today following a slightly uneventful…
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