The total Sukuk issuance reached $91.9 billion over the first six months of this year, up slightly from last year's $91.3 billion, the US-headquartered Read More
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Global Investors to Acquire 21.5% Stake in Israel’s Phoenix Holdings
Israeli and International investors including Affinity Partners, backed by the former US President Donald Trump’s son-in-law Jared Kushner, on Tuesday agreed Read More
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sovereign wealth funds
World
Two GCC SWFs and Others Invest Over $600 Million in I Squared Capital
Two sovereign wealth funds – Mubadala from Abu Dhabi and Qatar Investment Authority from Qatar, and others will be investing over $600 million in Read More
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Companies
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stock exchange
SHUAA Capital Incurs Net Loss of $22.32 Million in Q1-2024
SHUAA Capital, Dubai-based leading asset management and investment banking platform in the region, on Tuesday said that the company incurred a net Read More
nitial Public Offerings (IPO) boom in the Gulf Cooperation Council (GCC) region slowed down a bit as the companies have raised $3.6 billion Read More
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Merger and Acquisitions
Mergers and Acquisitions
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Enersol Acquires Majority Stake in NTS AMEGA
ADNOC Drilling Company and Alpha Dhabi Holding on Tuesday announced that their joint venture (Enersol) has agreed to acquire a 51% equity stake Read More
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Oil & Gas
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ADNOC Gas Awards EPC Contracts Worth $550 Million
The Abu Dhabi Securities Exchange (ADX)-listed ADNOC Gas on Monday said that it has awarded the engineering, procurement & construction (EPC) contracts Read More
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Green Energy
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Infinity to Develop Renewable Energy Projects in Cameroon
Infinity Power, the largest African renewable energy provider, has said that it has signed a Memorandum of Understanding (MoU) with the Cameroon Read More
