Industries Agriculture More Union Properties breaks ground on its AED 2 bn Dubai-based development December 24, 2024 Amea’s solar plant in Egypt gets fast-tracked December 20, 2024 Mashreq advises on Turkish Vakıfbank’s USD 870 mn loan facility December 18, 2024 THIS MORNING: Aldar eyes USD 1.5 bn NDCs + GulfNav nears completion of Brooge acquisition, planned for 1Q 2025 December 5, 2024 AUTOMOTIVE More UAE opens a new trade link to China through Northern Pakistan December 30, 2024 THIS MORNING: DFM rises to 10-year high + Dubai to introduce real estate tokenization December 26, 2024 Alcazar could set up a 3.1 GW hybrid renewable energy station in Egypt December 26, 2024 New price controls on basic goods as of 2025 December 25, 2024 BANKING More Al Ansari and Halan join forces to launch an early salary access service December 31, 2024 Enersol finalizes its USD 45 mn acquisition of EV Holdings + Aldar acquires AED 2.3 bn DIFC tower December 5, 2024 HSBC Holdings taps Selim Kervanci as new Middle East CEO November 29, 2024 Dubai’s emerging real estate investment options + murder of Israeli-Moldovan rabbi are getting attention November 25, 2024 Basic materials More ADFD expands its funding of Velana airport’s development by AED 147 mn December 26, 2024 Hub71 launches Angel Investor Support Package December 12, 2024 More asset managers head to ADGM December 10, 2024 Locad secures USD 9 mn in pre-series B funding November 21, 2024 CAPITAL MARKETS More Shuaa approves AED 425.5 mn convertible bond issuance December 30, 2024 AD Ports upsizes revolving credit facility to USD 2.1 bn amid strong banking interest December 23, 2024 UAE was the GCC’s second biggest issuer of fixed-income instruments in 2024 -Kamco December 23, 2024 DP World issues Mena’s first blue bond December 20, 2024 Climate More Orient Ins. expands to Saudi Arabia December 26, 2024 Masdar finalizes its stake acquisition in EPGE Solar December 25, 2024 CBUAE, Hong Kong Monetary Authority to streamline cross-border debt issuance December 23, 2024 Phoenix appoints Munaf Ali as GCEO, eyes international listing in 2025 December 23, 2024 COMMODITIES More Wasl breaks ground on decarbonized GigaFarm project at Dubai’s Food Tech Valley November 11, 2024 More cooperation with Ethiopia and Canada November 8, 2024 GCC to restart trade talks with the EU, hold summits every two years October 17, 2024 Khazna to build the UAE’s largest data center October 16, 2024 CONSTRUCTION More The rise and fall of UAE stocks + the rush of law firms to the region December 17, 2024 Talabat ups the size of its IPO to become the UAE’s biggest this year November 28, 2024 THIS MORNING: Pollution-charging system coming? + Nutrition labels to become mandatory on food packaging in Abu Dhabi in 2025 November 27, 2024 Rothschild opens Dubai wealth management office November 20, 2024 Development finance More Packed diplo week: Talks with Senegal, Mongolia, and the US December 6, 2024 Damac Group to invest USD 3 bn in Southeast Asia’s data center expansion December 5, 2024 Asia and the Middle East lead a global capital shift November 18, 2024 More and more earnings November 15, 2024 E-commerce More THIS MORNING: Ajman to regulate petroleum trading and implement sustainable energy measures + Tourism to contribute AED 55 bn to Abu Dhabi’s GDP this year December 25, 2024 Emirates NBD dually lists USD 500 mn bond on Nasdaq and Euronext Dublin December 19, 2024 Emirates NBD raises USD 500 mn from sustainability-linked bonds November 20, 2024 More and more earnings November 12, 2024 EDUCATION More Emirati lenders FAB, ADIB, and Emirates NBD boost activity abroad December 19, 2024 UAE unveils new strategy to triple FDI by 2031 November 6, 2024 DIB, ADNH, Apex, and more report 3Q earnings November 6, 2024 The UAE’s first pilot vertiport will be at the Abu Dhabi Cruise Terminal November 5, 2024 ENERGY More UAE dominated intra-GCC trade in 2023 December 31, 2024 BlackRock sees AI, infrastructure investments as big theme for 2025 December 25, 2024 IMF sees oil GDP growing 6.7% next year, non-oil growth to come in at 4.5% December 24, 2024 DP World’s Drydocks to engineer 2 GW Ostwind grid connection project December 17, 2024 Finance More FINTECH More THIS MORNING: Dubai Land Department to roll out a smart rental index in January + health and auto ins. premiums in the emirate to rise next year December 30, 2024 EGA funds Spectro Alloys acquisition with green loan December 27, 2024 THIS MORNING: CBUAE cuts rates by 25 bps in line with the Fed + Adia hits USD 1 tn AUM milestone December 19, 2024 Parkin expands into KSA December 17, 2024 Food More Invictus now owns 60% of Morocco’s Graderco April 2, 2024 HEALTHCARE More INFRASTRUCTURE More Ajman approves AED 3.7 bn budget for 2025 December 30, 2024 Private equity returns remain subdued in 2024 as transaction drought drags on December 26, 2024 Lunate, QIA invest USD 1.5 bn in Jared Kushner’s Affinity Partners December 23, 2024 Adnoc’s XRG gets Covestro shareholders’ approval to acquire majority stake in chemicals firm December 20, 2024 Hospitality + tourism More ADNH Catering ups stake in Saudi JV + Direct Debit System acquires the UK software company ElseWare December 13, 2024 Beam Foundation sets up UAE’s first gaming fund in ADGM December 12, 2024 Playgama raises USD 3 mn in a funding round December 4, 2024 THIS MORNING: Amanat Holdings eyes Riyadh IPO for its education unit next year + We have our own lottery November 28, 2024 Law More In full swing… November 14, 2024 UAE to invest in data centers, logistics, and EVs in Vietnam October 31, 2024 Vietnam, UAE ink comprehensive economic partnership agreement October 29, 2024 NMDC Energy lands AED 5.05 bn contract with Modon Holding October 9, 2024 MANUFACTURING More UAE issues a law to regulate medical products and pharma operations December 30, 2024 UAE, Syria FMs exchange words for the first time since Assad’s departure December 25, 2024 Mubadala bags more healthcare firms + Mubadala-backed firm snaps up German real estate assets December 25, 2024 THIS MORNING: Amman Stock Exchange joins Tabadul + UAE-Mercosur trade agreement in 2025? December 12, 2024 Media More THIS MORNING: Dubai to tighten oversight on foreign banks December 27, 2024 Sheikh Khaled bin Mohamed bin Zayed Al Nahyan holds talks with world leaders at G20 Summit November 20, 2024 Bright East Holding 1 acquires 100% of Emirates Gold November 18, 2024 Gold picked up yesterday after US job opening data disappointed September 5, 2024 Microfinance More Mining More Tetra Pak, Union Paper Mills to establish UAE’s first carton recycling facility November 29, 2024 How will the incoming Trump administration affect the markets? November 26, 2024 NBFS More Another sukuk listing from Indonesia on Nasdaq Dubai December 13, 2024 THIS MORNING: VC and PE funding to triple by year’s end? + Adnoc L&S to invest USD 5 bn over five years November 15, 2024 UAE and Australia ink trade agreement November 7, 2024 THIS MORNING: Fuel prices are up in November + Visa overstay amnesty period extended November 1, 2024 Outsourcing More National Bank of Fujairah + Abu Dhabi’s Reem Mall name new CEOs October 1, 2024 Private equity More Prypco secures USD 10 mn in seed funding October 23, 2024 Shorooq Partners leads USD 2 mn pre-seed funding round for Egypt’s Settle Payments September 19, 2024 Shorooq Partners leads USD 20 mn investment in deeptech AI firm July 31, 2024 Shorooq Partners leads USD 1.5 mn investment in Pakistani startup Zyp July 24, 2024 REAL ESTATE More CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts December 24, 2024 THIS MORNING: UAEV to charge EV tariffs in January + GCC debt capital markets hit USD 1 tn December 20, 2024 More asset managers eye ADGM December 16, 2024 Covestro’s shareholders greenlight Adnoc’s takeover + Fuel prices at their lowest this year in December December 4, 2024 SMEs More UAE mediates tenth Russia-Ukraine prisoner swap December 31, 2024 Many, many earnings… November 1, 2024 Nakheel awards USD 1.36 bn construction contracts for Palm Jebel Ali villas October 17, 2024 Initial civil work and villa construction for Palm Jebel Ali to kick off in 1Q 2025 August 27, 2024 Sports More Sharjah approves historic AED 42 bn budget for 2025 December 24, 2024 IHC’s 2PointZero takes part in Archer Aviation’s USD 430 mn equity offering + Mubadala invests in AI firm Crusoe December 13, 2024 Gov’t revenues reached AED 404.9 bn in 9M 2024 December 6, 2024 FNC approves bumper federal budget for 2025 November 26, 2024 Tech More THIS MORNING: Adnoc already in talks with customers to cut oil volumes next year + Emaar to pay 100% of share capital in dividends this year December 16, 2024 Amea Power to develop a USD 600 mn wind farm in the Gulf of Suez December 16, 2024 ADEX’s USD 500 mn wheat financing agreement with Egypt gets green light December 16, 2024 ADQ in advanced talks to acquire Spanish waste management firm Urbaser December 11, 2024 TELECOMS More EFG Hermes acquires two schools in the UAE through new USD 300 mn KSA-based education fund November 19, 2024 Helmerich & Payne sells full stake in Adnoc Drilling October 15, 2024 Singapore’s Trafigura secures USD 150 mn in financing for UAE exports September 19, 2024 Tadawul’s Al Rumaih + CMA’s Bin Hassan on the growth story of Saudi and UAE capital markets at EFG Hermes’ annual conference September 12, 2024 Trade + Logistics More 10 UAE venture capitalists make Forbes’ Middle East’s top VCs list + Mashreq Al Islami’s retail brand receives accolade December 27, 2024 London ins. firm Nexus to acquire Dubai-based Arma Fusion December 25, 2024 Dubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies December 19, 2024 New media permits office + gaming included under Dubai Media Council’s purview under new law December 19, 2024 TRANSPORT More Fertiglobe reports first set of earnings since Adnoc acquisition, with the producer set to snap up Adnoc’s stake in Exxon’s Texas hydrogen project November 12, 2024 IHC, Dubai Taxi, Agthia, and more report 3Q earnings November 7, 2024 Adnoc completes acquisition of Fertiglobe, El-Hoshy staying on as CEO October 16, 2024 Adnoc will close Fertiglobe acquisition this week October 14, 2024
THIS MORNING: Aldar eyes USD 1.5 bn NDCs + GulfNav nears completion of Brooge acquisition, planned for 1Q 2025 December 5, 2024
THIS MORNING: DFM rises to 10-year high + Dubai to introduce real estate tokenization December 26, 2024
Enersol finalizes its USD 45 mn acquisition of EV Holdings + Aldar acquires AED 2.3 bn DIFC tower December 5, 2024
Dubai’s emerging real estate investment options + murder of Israeli-Moldovan rabbi are getting attention November 25, 2024
AD Ports upsizes revolving credit facility to USD 2.1 bn amid strong banking interest December 23, 2024
THIS MORNING: Pollution-charging system coming? + Nutrition labels to become mandatory on food packaging in Abu Dhabi in 2025 November 27, 2024
THIS MORNING: Ajman to regulate petroleum trading and implement sustainable energy measures + Tourism to contribute AED 55 bn to Abu Dhabi’s GDP this year December 25, 2024
THIS MORNING: Dubai Land Department to roll out a smart rental index in January + health and auto ins. premiums in the emirate to rise next year December 30, 2024
THIS MORNING: CBUAE cuts rates by 25 bps in line with the Fed + Adia hits USD 1 tn AUM milestone December 19, 2024
Adnoc’s XRG gets Covestro shareholders’ approval to acquire majority stake in chemicals firm December 20, 2024
ADNH Catering ups stake in Saudi JV + Direct Debit System acquires the UK software company ElseWare December 13, 2024
THIS MORNING: Amanat Holdings eyes Riyadh IPO for its education unit next year + We have our own lottery November 28, 2024
Mubadala bags more healthcare firms + Mubadala-backed firm snaps up German real estate assets December 25, 2024
THIS MORNING: Amman Stock Exchange joins Tabadul + UAE-Mercosur trade agreement in 2025? December 12, 2024
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan holds talks with world leaders at G20 Summit November 20, 2024
THIS MORNING: VC and PE funding to triple by year’s end? + Adnoc L&S to invest USD 5 bn over five years November 15, 2024
THIS MORNING: Fuel prices are up in November + Visa overstay amnesty period extended November 1, 2024
Shorooq Partners leads USD 2 mn pre-seed funding round for Egypt’s Settle Payments September 19, 2024
CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts December 24, 2024
THIS MORNING: UAEV to charge EV tariffs in January + GCC debt capital markets hit USD 1 tn December 20, 2024
Covestro’s shareholders greenlight Adnoc’s takeover + Fuel prices at their lowest this year in December December 4, 2024
IHC’s 2PointZero takes part in Archer Aviation’s USD 430 mn equity offering + Mubadala invests in AI firm Crusoe December 13, 2024
THIS MORNING: Adnoc already in talks with customers to cut oil volumes next year + Emaar to pay 100% of share capital in dividends this year December 16, 2024
EFG Hermes acquires two schools in the UAE through new USD 300 mn KSA-based education fund November 19, 2024
Tadawul’s Al Rumaih + CMA’s Bin Hassan on the growth story of Saudi and UAE capital markets at EFG Hermes’ annual conference September 12, 2024
10 UAE venture capitalists make Forbes’ Middle East’s top VCs list + Mashreq Al Islami’s retail brand receives accolade December 27, 2024
New media permits office + gaming included under Dubai Media Council’s purview under new law December 19, 2024
Fertiglobe reports first set of earnings since Adnoc acquisition, with the producer set to snap up Adnoc’s stake in Exxon’s Texas hydrogen project November 12, 2024
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