Abu Dhabi’s M42 invests in startup Juvenescence
Abu Dhabi’s M42 has invested in British startup Juvenescence to develop AI-based anti-aging therapies, expanding its global biotech portfolio and medical innovation strategy.
Lazard opens Abu Dhabi financial advisory office
Lazard has launched a new Abu Dhabi office in ADGM, naming the emirate its UAE advisory hub to tap into $1.7 trillion in sovereign wealth and a booming regional dealmaking landscape.
Abu Dhabi National Oil wants to buy Aethon assets
Abu Dhabi National Oil Co. explores $9B deal to buy Aethon Energy’s shale gas assets, expanding its US LNG footprint amid UAE’s $1.4 trillion investment strategy.
AI chatbot BridgeWise expands presence in Dubai
Israeli startup BridgeWise expands to Dubai’s DIFC, bringing its AI chatbot Bridget to GCC markets amid surging demand for fintech in investment analytics.
Middle Eastern franchisor Zara postpones IPO
Azadea Group, the franchisor of Zara and Virgin Megastore, pauses IPO plans to focus on UAE market expansion and boosting margins, betting on Dubai’s booming consumer sector.
Dubai is experiencing a real estate boom
Dubai’s real estate boom continues as housing prices surge 70% in four years, driven by an influx of capital, corporate HQs, and sovereign wealth funds seeking refuge from global turbulence.
UAE and EU begin free trade talks
The European Union and the UAE begin negotiations on a free trade agreement focused on green hydrogen, AI logistics, and strategic investments across goods, services, and critical sectors.
UAE firm Masdar has acquired Greece’s Terna Energy
Masdar finalizes full acquisition of Terna Energy, marking the largest energy transaction on the Athens Exchange and boosting its European renewable portfolio to support 100 GW global target by 2030.
First Abu Dhabi Bank revamps its structure
FAB revamps into four core divisions, reshaping leadership and aligning with UAE’s global ambitions in investment banking, energy, and digital finance.
Sculptor Capital Management receives UAE approval
Sculptor Capital Management gains ADGM approval, expanding UAE presence and unlocking sovereign wealth access for its $34bn alternative portfolio.