UAE-based Sidara in talks to takeover Wood Group
FTSE 250-listed engineering and consulting firm John Wood Group has given Dubai-based Sidara an extension to submit a formal takeover bid, Bloomberg News has reported. Wood Group said it has until April 17 to make a final move under...
White House says UAE plans to invest $1.4 trillion in U.S.
The UAE will invest $1.4 trillion in the U.S. over 10 years, focusing on AI infrastructure, semiconductors, energy, and manufacturing through major sovereign partnerships.
Moody’s affirms UAE’s high rating
Moody’s reaffirms UAE’s high credit rating, citing low debt, fiscal strength, and robust non-oil sector growth driven by reforms and investment-friendly policies.
Sheikh Tahnoon Meets BlackRock, Microsoft, Nvidia CEOs
Sheikh Tahnoon bin Zayed met with top U.S. tech leaders to deepen AI collaboration, expand data center infrastructure, and explore global innovation opportunities.
Mubadala sells part of Du stake worth $1 billion
Mubadala plans to sell part of its Du stake for $1 billion, signaling momentum in Gulf equity offerings and supporting UAE market liquidity and reform goals.
Dubai to introduce regulatory changes to attract Hedge Funds
Dubai is set to ease capital requirements and streamline approval processes for money managers, aiming to become a top global hub for hedge funds.
Abu Dhabi’s Lunate launches new venture Axight
Lunate, Abu Dhabi’s $105 billion asset manager, has launched Axight, a new private equity fund targeting the Asia-Pacific region, strengthening its presence in high-growth markets.
Zapp to launch in Dubai
Zapp aims to enter the UAE market in 2024, eyeing partnerships with Talabat and Careem as it expands its premium delivery service in the Middle East.
UAE deepens influence in Crypto World
Abu Dhabi’s MGX acquires a stake in Binance as the UAE deepens its crypto footprint, with major investments in Bitcoin ETFs, blockchain firms, and Web3 innovation.
Ninety One’s Top Fund Buys UAE Stocks
Ninety One's Emerging Markets Equity Fund increases UAE stock holdings, favoring real estate, banking, and tech sectors as investors seek stability away from U.S. tariffs.