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Maqta Gateway will hold a majority 51% stake, while Aqaba will carry a 49% stake under the terms
Author Archives: enterpriseam
Posted inEARNINGS WATCH
Another Emirati bank posts bumper earnings in 2023
Revenues stood at AED 43 bn in 2023, up 32% y-o-y
Posted inKUDOS
Majid Al Futtaim to offer up facilities for Special Olympics for training
Majid Al Futtaim will provide its Ski Dubai and Snow Abu Dhabi facilities to snow sports athletes with disabilities for training purposes
Posted inUAE IN THE NEWS
Chinese asset managers seek Dubai licenses
This comes against the backdrop of ongoing tensions between China and the US
Posted inALSO ON OUR RADAR
Mubadala eyes green hydrogen exports to fuel cell rigs in Europe + Sharjah developer doubles sales in 2023
Renewables firm Masdar has pledges investments in some USD 30 bn projects worldwide to hit a target of 100 GW by 2030
Posted inPLANET FINANCE
US economy posts higher-than-expected growth in 2023
The growth was driven by consumer spending
Posted inDIPLOMACY
UAE, Malaysia ink agreement for Malaysian data centers + Kuwaiti PM invited to World Governments Summit
The UAE will develop data centers with a total capacity of 500 MW in Malaysia