Dubai Aerospace Enterprise (DAE), a prominent global aviation services company, has finalized a AED 2.75 billion (US$750 million) 5-year unsecured term loan agreement with Emirates NBD Bank (ENBD). The funds from this loan will be utilized for general corporate purposes and to meet the future financing requirements of the business. Firoz Tarapore, CEO of DAE, […]
Banking & Finance
Deal & transactions
United Arab Emirates
Innovating Trade Finance: RAKBANK and DP World Collaborate
UAE based financial establishment, RAKBANK has entered into a strategic partnership with DP World, a global leader in logistics and trade solutions. This collaboration aims to provide businesses of all sizes with innovative and cost-effective
Capital Markets
Food & Beverage
United Arab Emirates
Invictus Investment Acquires Majority Stake in Morocco’s Graderco
Invictus Investment Company has finalised the acquisition of a 60% stake in Graderco and its subsidiaries from Zalar Holding, marking a significant move in the agro-food sector. The acquisition, after securing all necessary regulatory approvals, underscores
OSN Group has successfully finalized its acquisition of a majority stake in Anghami Inc., the leading music and entertainment streaming platform in the MENA region. This landmark transaction, which has received all necessary regulatory approvals,
Lunate, a prominent global alternative investment manager, has acquired a 40% stake in ADNOC Oil Pipelines (“AOP”) from institutional investors BlackRock and KKR. This acquisition signifies a major investment for Lunate in energy infrastructure and further
Corporate
Healthcare, Pharma & Life Sciences
United Arab Emirates
ADQ Launches Arcera: Driving Healthcare Evolution
ADQ, the prominent Abu Dhabi-based investment and holding company, has introduced Arcera, a new global holding company headquartered in Abu Dhabi, UAE, dedicated to the life sciences sector. Arcera aims to pioneer advancements in healthcare,
Banking & Finance
Deal & transactions
TMT
United Arab Emirates
FAB & Microsoft Join Forces for Next-Gen Financial Services
First Abu Dhabi Bank (FAB) and Microsoft have unveiled a strategic partnership aimed at developing cutting-edge AI-based banking capabilities. The collaboration, formalized through a partnership agreement signed today, marks the convergence of the UAE’s
Global law firm Norton Rose Fulbright is expanding its Projects practice in Dubai with the appointment of a new partner Prakruthi Gowda. Prakruthi is a highly experienced professional who has worked on numerous energy and
Appointments
IPOs
News
United Arab Emirates
Updates
Addleshaw Goddard Welcomes Anna Zeitlin to Lead the Fintech
Addleshaw Goddard announced that Anna Zeitlin has joined the partnership in Dubai as Head of Fintech & Financial Services Regulatory practice. Zeitlin is a highly experienced professional who has worked in senior positions at prominent
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
AD Ports Group and Archireef Deploy Eco Sea Wall Panels
AD Ports Group and Archireef have partnered to introduce Eco Sea Wall Panels along the shorelines of Saadiyat Island and Al Aliah in Abu Dhabi. These panels are made from natural materials such as oyster
