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The Shariah-compliant bonds are the first globally in 2024 and mark the region’s first non-sovereign issuance for the year
Author Archives: enterpriseam
Posted inM&A WATCH
ADQ to acquire 40.5% of Egyptian hospitality group
The fund will invest in Talaat Moustafa Group’s hospitality arm via a special purpose vehicle
Posted inM&A WATCH
Two big healthcare M&A to start your week
GII also plans to invest USD 1 bn in the US, India, and the Gulf over 12 months
Posted inINVESTMENT WATCH
Tabreed terminates CapitalMed contract with Egypt over FX concerns
Tabreed was to design, build, and operate a heating and cooling plant for CapitalMed under an AED 306.4 mn (USD 83.4 mn) contract
Posted inREAL ESTATE
UAE estate prices surged 10.4% y-o-y in 2023
Property prices have grown over 14.1% compared to their pre-pandemic levels
Posted inMANUFACTURING
Emirati manufacturers sign USD 2.2 bn projects with Bahraini, Jordanian firms
Emirates Steel will purchase 2 mn tons of raw iron from Bahraini steel producer for USD 2 bn
Posted inSTARTUP WATCH
Warehousing startup Cargoz to expand in Saudi
Cargoz announced last year it has secured an undisclosed bridge round to accelerate expansion to the Kingdom
Posted inTRENDING
UAE X: So far so good in the Asian Cup
Despite being favorites, Al Abyad faced stiff competition from Hong Kong