The combined net income of the UAE’s top 10 listed banks grew 2.9% q-o-q to $5.85 billion in the second quarter of 2024, according to Read More
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Mubadala Invests in Yondr Group
Abu Dhabi’s sovereign wealth fund - Mubadala Investment Company (Mubadala) - on Wednesday said that it will invest in Yondr Group, Read More
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Hospitality
Merger and Acquisitions
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Hyatt Hotels Acquire Standard International
Chicago-based Hyatt Hotels Corporation has announced the acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, Read More
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Qatar Airways Acquires 25% Stake in South Africa’s Airlink
After months of suspense, Qatar Airways, the national carrier on Tuesday announced that it has acquired a minority stake of 25% stake in Read More
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assets
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Transportation
World
Vietnam to Construct 15 Metro Lines Costing $37.1 Billion
Hanoi is focusing its resources on the construction of two metro lines: Nam Thang Long-Tran Hung Dao and Hanoi Station-Hoang Mai, with Read More
Singapore’s Keppel, Asian Development Bank (ADB) and Enterprise Singapore (EnterpriseSG) on Monday said that they have signed a Memorandum of Understanding (Read More
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Gate Ventures and The Blockchain Center in Abu Dhabi Unveil FGV
Gate Ventures, the venture capital arm of Gate.io, and The Blockchain Centre in Abu Dhabi, brand new global hub for Web3 Read More
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fintech
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Bitwise Enters European Market, Acquires ETC Group
Bitwise Asset Management, the North American crypto manager, has concluded the second acquisition in the last three months by taking over ETC Read More
Business
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Mergers and Acquisitions
World
Canada’s ACT Offers $38 Billion to Acquire Japan’s 7-Eleven
Alimentation Couche-Tard (ACT), a Canadian convenience store giant has made a bid worth $38 billion for the Japanese-owned 7-Eleven, which has a substantial Read More
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UK & DP World to Invest $35 Million in Congo’s New Port
British International Investment (BII), the UK’s development finance institution and impact investor alongside with the UAE’s DP World, will invest Read More
