UAE
Infrastructure
UAE renewables firm Masdar swings to profit in 2024, triples assets
Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on ......
People
Aliph Capital appoints MD to lead Saudi operations
Aliph Capital, a UAE-based private equity firm that recently raised its debut fund, has appointed a managing director to......
Manufacturing
ADNOC's $17.2 bn Covestro deal in EU crosshairs over subsidies
Abu Dhabi state oil giant ADNOC's 14.7 billion euro ($17.2 billion) bid for German chemicals company Covestro may ......
Finance
BlueFive Capital hits final close of debut PE fund at $2 bn
BlueFive Capital, an Abu Dhabi-based asset management firm founded by former Investcorp executive Hazem Ben-Gacem last ......
Infrastructure
CVC, Tabreed team up to buy UAE district cooling business
United Arab Emirates' Tabreed and private equity firm CVC's infrastructure strategy arm, CVC DIF, plan to ......
Finance
Decoding digital VC platform Stryde71's investment game plan
Stryde71, the new venture capital arm of the UAE-based digital investment platform Stryde, is targeting one to two ......
TMT
MENA Digest: Fintech startups Octane, XFOLIO, SaturnX bag VC funding
Egyptian fintech company Octane led startup fundraising activity in the Middle East and North Africa region this week, ......
Finance
UAE developer Binghatti launches asset management firm targeting $1 bn
Dubai's Binghatti said on Monday it had launched an asset management firm aiming to manage around $1 billion in ......
Finance
Shorooq gets LP cheque from pan-Arab DFI for second venture debt fund
Shorooq Partners, an Abu Dhabi-based multi-asset investment firm backed by ten sovereign wealth funds, has secured the ......
TMT
MENA Digest: Saudi, UAE and Qatari fintech startups lead funding activity
Fintech startups boosted fundraising activity in the Middle East and North Africa region this week. Saudi Arabian ......
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