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Microsoft's UAE deal could transfer key US chips and AI technology abroad

TMT

24 May, 2024

Microsoft's UAE deal could transfer key US chips and AI technology abroad

Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI ......

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

Finance

22 May, 2024

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group's 61.2% stake in Istanbul-......

Abu Dhabi's Lunate launches ETF tracking Japan equities

Markets

16 May, 2024

Abu Dhabi's Lunate launches ETF tracking Japan equities

Abu Dhabi investor Lunate Capital is launching an exchange-traded fund (ETF) tracking Japanese equities that will be ......

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MENA Digest: Egyptian startups lead funding activity

Finance

10 May, 2024

MENA Digest: Egyptian startups lead funding activity

Egyptian fintech startups Swypex and MNZL led funding activities in the Middle East and North Africa region,, even as ......

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Kelix Bio to acquire five UAE-based pharma entities post Mubadala deal

Healthcare

09 May, 2024

Kelix Bio to acquire five UAE-based pharma entities post Mubadala deal

Kelix Bio, an emerging markets-focused specialty generic biopharmaceutical company is looking to acquire five UAE-based ......

Abu Dhabi's IHC to hold buyback of up to $1.36 bn

Finance

06 May, 2024

Abu Dhabi's IHC to hold buyback of up to $1.36 bn

International Holding Company (IHC), Abu Dhabi's largest listed company, said on Monday it would buy back up to 5 ......

Proptech Square Yards tops $100-mn annual revenue mark

Infrastructure

06 May, 2024

Proptech Square Yards tops $100-mn annual revenue mark

Delhi-based proptech startup Square Yards, which is expected to file its listing documents with capital markets ......

Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

TMT

02 May, 2024

Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture ......

UAE's e& seeks to buy $8.6 bn European carrier United Group

TMT

01 May, 2024

UAE's e& seeks to buy $8.6 bn European carrier United Group

Abu Dhabi-based Emirates Telecommunications is considering an acquisition of European cable and pay-TV operator United ......

Abu Dhabi-backed RedBird IMI scraps Telegraph deal, to sell UK newspaper

TMT

30 April, 2024

Abu Dhabi-backed RedBird IMI scraps Telegraph deal, to sell UK newspaper

Abu Dhabi-backed RedBird IMI on Tuesday said it would sell the Telegraph after it scrapped its acquisition of the right-......

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