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Author Archives: enterpriseam
UAE strengthens bilateral relations with the UK, EU, and Serbia
Plus: UK Prime Minister met with Mubadala to discuss investment, defense, and security partnerships
Mulk International and Ajeenkya DY Patil Group acquire stakes in Mulk Med Healthcare + Cvyn Holdings inks strategic partnership to acquire McLaren’s automotive unit
The two parties have committed an additional AED 100 mn investment
Finance Ministry slaps multinationals with 15% top-up tax + proposes tax incentives for senior execs, R&D initiatives
The authority is considering R&D and high-value employment incentives
Taqa Bratani, Spirit Energy lose UK court case against Viaro CEO over asset dispute
Taqa and Spirit claimed that Viaro intentionally removed the value from their partnership and caused its collapse
The UAE now has a Family Ministry
The new entities include a Family Ministry and Community Empowerment Ministry
On the digital trade finance revolution, open banking, and what AI can do for corporate banking
Mashreq has rolled out Neo Corp in Qatar, Kuwait, and Bahrain, and plans to onboard a third of its client base onto the platform by year’s end
ADIO signs agreements for community, sustainability, and manufacturing projects
The office inked an agreement for a cement manufacturing facility that will produce up to three mn tons of carbon-negative cement annually
The IMF downgrades growth projection for the UAE in 2024, but remains upbeat
Non-oil sector growth, government reforms, increased public spending, and a hike in oil production will support growth