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THIS MORNING: UAE plans to invest USD 1 bn in African AI projects + IHC eyes Lukoil’s assets
Plus: An end to the RedBird IMI Telegraph saga?
RedBird pulls GBP 500 mn offer for UK’s Telegraph
Sources said both internal opposition and a slow-moving clearance process raised doubts over the transaction’s feasibility
THIS MORNING: Sharjah eyes RMB-denominated loan + Emirates NBD back in talks with India’s RBL Bank?
Plus: Dubai Loop to open next year?
Abu Dhabi’s RedBird IMI to sell the UK’s Telegraph to American PE Redbird Capital
The agreement would see RedBird Capital take majority control of the UK publication in a GBP 500 mn buyout
THIS MORNING: Adnoc shortlisted for acquisition of Shell’s downstream assets in South Africa + Wood resets the clock on Sidara’s takeover bid
Plus: Driverless taxis are now available in Abu Dhabi at no cost
THIS MORNING: RedBird IMI eyes production business merger with ITV + Salik’s variable toll pricing system to be rolled out
Plus: DXB hit a record 92 mn passengers last year
THIS MORNING: More bidders for the Telegraph? + Damac to rely on borrowing for USD 20 bn US data center investment
Plus: FTX disputes Dubai-based Backpack’s acquisition of FTX EU
THIS MORNING: Mair Group sets reference price for ADX listing + Could RedBird still hold onto the Telegraph?
Plus: Adia cleared by Indian competition watchdog for GMR Group debt subscription
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