investment

ADNH Catering raises $235.2 million in IPO

ADNH Catering offered 900 million shares, or 40 percent of its capital 

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

Nakheel awards $1.36 billion in contracts for luxury villa construction on Palm Jebel Ali

Luxury villas feature expansive built-up areas ranging from 8,000 to 15,000 square feet

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services

Masdar, Iberdrola complete wind turbine installation at Germany’s Baltic Eagle offshore wind farm

By 2026, Iberdrola's Baltic Hub will have a total capacity of more than 1.1 GW and trigger investments of around €3.7 billion

DP World secures 47,000 TEUs to enhance capacity and customer experience

This acquisition reflects its dedication to offering customers dependable and efficient equipment

Middle East sustainable bond issuances hit $16.7 billion in first nine months of 2024: S&P

Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year

Expand North Star 2024 draws 65 unicorns valued at $400 billion

CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives

Khazna to build MENA region’s first AI-optimized data center in Ajman, largest in UAE

Khazna’s latest 100k SQM facility features 20 data halls each with 5MW capacity

Microsoft’s cloud ecosystem to add $74.4 billion to UAE economy, create over 150,000 new jobs: Report

The Microsoft ecosystem will be responsible for adding over 41,800 new skilled IT jobs into the UAE economy

Abu Dhabi’s Masdar, Presight forge partnership to create AI-driven asset management tool

Masdar aims to digitize its global operations, transitioning from a reactive to a predictive model