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Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Consumer

29 May, 2024

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Dubai-based party hotel operator FIVE Holdings Ltd is working with banks on a planned initial public offering next year, people ......

UAE's Alef Education seeks to raise up to $515 mn in IPO

Consumer

28 May, 2024

UAE's Alef Education seeks to raise up to $515 mn in IPO

Educational technology provider Alef Education plans to raise as much as $515 million in its initial public offering (IPO) on ......

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Gulf Capital aims first close of latest PE fund soon

Finance

28 May, 2024

Gulf Capital aims first close of latest PE fund soon

UAE-based private equity firm Gulf Capital is aiming for the first close of its soon-to-be-launched fourth investment vehicle, estimated to ......

MENA Digest: Egyptian startup OneOrder, Saudi SaaS firm Merit lead funding

TMT

24 May, 2024

MENA Digest: Egyptian startup OneOrder, Saudi SaaS firm Merit lead funding

Dealmaking in the Middle East and North Africa region during the week was propelled by high-value, growth-stage fundraises by tech-led ......

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 firm G42 could ......

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-based lender ......

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 listed on the ......

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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 overall ......

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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 pharma entities to further expand ......

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 billion ......