Tansel will stay on as CEO of Al Masaood Automobiles, the authorized Nissan, Infiniti and Renault dealer in Abu Dhabi, Al Ain, and the ...
Its first communities are set to open in 1Q next year in Dubai and Abu Dhabi. The firm is backed by a USD 350 mn VC investment from US venture capital firm Andreessen Horowitz (a16z), and its business ...
Fintech still dominated the investments that did close, capturing 47% of the region’s VC capital and 42% of VC-backed transactions ...
In corporate activity, G42 is reportedly exploring raising bns of USD from outside investors as part of a bigger shift in Abu Dhabi toward tapping third-party capital. Separately, a UAE-born startup ...
With more than 700 US gyms already using its software, Enhance is now armed with USD 18.2 mn to scale in America ...
Hotels are retaining their staff to save themselves higher rehiring costs later — a wager that only pays off if the recovery arrives on schedule ...
Local manufacturing is scaling up, but the UAE still imports the vast majority of what it needs to hit its 2035 targets ...
Khaleefa Al Mheiri , Masdar’s acting chief operating officer, will become president and CEO of Masdar Americas, effective 19 October, according to a LinkedIn post. He replaces P ...
Saudi PIF-backed Humain made an undisclosed strategic investment in UAE-based Arabic.AI to scale Arabic and multilingual enterprise AI, according to a press release. The partnership will pair Humain’s ...
Dubai Islamic Bank (DIB) closed its debut syndicated Islamic financing facility — a USD 750 mn, three-year senior unsecured commodity murabaha term loan that pulled in c. USD 1.2 bn in commitments, or ...
THIS MORNING: ADX waves goodbye to Taqa as it delists + Binghatti eyes USD bns worth of partnerships
REMEMBER- Earlier in the year, Binghatti said it was shelving its IPO ambitions, later pushing ahead with a USD 500 mn sukuk issuance. It was also flagged as one of the developers whose ...
While the UAE has just one live IPO hopeful left this year, its follow-on pipeline is looking promising. Abu Dhabi Islamic Bank (ADIB) last week signed off on a proposal to raise AED 1.75 bn through a ...
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