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Consumers drove a 13% y-o-y surge in retail spending in 2023
Some 70% of purchases were made on mobile phones
World Future Energy Summit kicks off today
Good morning, friends. The news flow has relatively slowed down from what has been an intensely M&A-heavy few weeks, leaving…
Abu Dhabi’s new tourism strategy earmarks USD 10 bn for infrastructure
The emirate’s strategy will up hotel rooms to 52k by 2030
Dubai on track to open more than 30 new hotels in 2024 in tourism push
The tourism sector is expected to have doubled its contribution to GDP in 2023
Sam Bankman-Fried sentenced to 25 years in prison
Good morning, wonderful people, and happy FRIDAY. We appreciate a somewhat calm ending to the week, as we head into…
Ras El Hekma + Abu Dhabi’s take on Santorini lead mentions of the UAE in the foreign press
The UAE is deploying a sum equal to 7% of its GDP
MGX could invest in OpenAI’s chip and power production venture + Eagle Hills’ investment in Budapest could reach EUR 10 bn
Good morning, wonderful people, and happy Monday. It’s a slow start to the week as we close out the first…
ADCB, HSBC, Commercial Bank of Dubai among underwriters for Investcorp’s USD 800 mn RCF
The influx of capital will allow Investcorp Capital to repay an existing USD 600 mn facility
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