Middle East
TMT
Saudi PIF, STC Group likely to bid for Spanish Cellnex's Austrian unit
Saudi Arabia's STC Group and sovereign fund PIF may bid for the Austrian unit of Spanish mobile phone tower operator Cellnex, ......
Finance
Saudi Arabia's PIF hits $749 bn in assets under management
Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA ......
Finance
Saudi multi-asset investor Artal Capital hits first close of PE fund
Artal Capital, a Riyadh-based multi-asset investment firm, has marked the first close of its mid-market-focused private equity fund to back ......
Infrastructure
Abu Dhabi firm IHC's arm offers to acquire Vedanta's Zambian copper business
The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' ......
Finance
In Charts: How Dubai Future District Fund deployed corpus across startups, VC funds
The Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-funds, has committed about a fifth of its ......
Manufacturing
UAE's ADNOC recently eyed BP as takeover target
The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary ......
Infrastructure
Brookfield monetises Dubai office asset in deal with UAE's Lunate, Saudi firm Olayan
Canadian alternative investment firm Brookfield Asset Management and its partner, state-owned Investment Corporation of Dubai, have sold part of their ......
Finance
Jordanian climate infra-focused PE firm Catalyst Investment gets European LP
Catalyst Investment Management, a Jordan-based private equity firm focused on renewable energy and climate infrastructure in the Middle East and ......
TMT
MENA Digest: Bahrain's Daleel, Oman's Mubashir raise funding
Dealmaking activity in the Middle East and North Africa region remained muted this week amid Ramadan. The handful of startups ......
Infrastructure
BlackRock, KKR sell stake in ADNOC assets to Abu Dhabi's Lunate
Abu Dhabi investor Lunate said on Wednesday it had bought a 40% stake from private equity firms BlackRock and KKR ......
