Via Bloomberg, an article on the increasing growth of Middle East banks: Four Gulf banks financed $3.25 billion loan to GEMS Education Loan is part of deal that saw Brookfield buy a stake, CVC exit When one of the largest private school operators on the planet was looking to pull off a deal involving buyout […]
Read more »Courtesy of The Information, a look at how the venture arm of Mubadala, the United Arab Emirates’ giant sovereign wealth fund, has elbowed its way into tech’s clubby investing circles under the leadership of Ibrahim Ajami. But missteps with its European dealmaking and skepticism about its direct investments in startups show it still has progress […]
Read more »Via Bloomberg, an article on DP World’s African investment plans: Critical minerals helping to drive need for greater capacity Dubai company interested in South Africa, Kenya opportunities DP World plans to spend $3 billion over the next three to five years on new port and logistics infrastructure in Africa to meet long-term growth that includes surging […]
Read more »Via WhyAfrica, an article on UAE efforts to strengthen trade with Senegal: Senegal is the second-fastest growing economy in Africa and the fourth-fastest growing economy in the world, positioning this West African country as a key market of great strategic importance for countries in the Middle East. Dubai International Chamber, one of the three chambers operating […]
Read more »Via the European Council on Foreign Relations, a report on China’s blossoming relationship with Saudi Arabia and the UAE Summary The blossoming but still immature relationship between China and the two key Gulf states, Saudi Arabia and the UAE, has implications that reach far beyond the Middle East. Saudi Arabia and the UAE are emerging […]
Read more »Courtesy of The Financial Times, a report that the UAE’s AI minister says a recent investment deal between Microsoft and G42 is part of strategy to reshape its economy: The United Arab Emirates is seeking a “marriage” with the US over artificial intelligence as the Gulf state hopes to use its oil wealth to become […]
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