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ADQ finally secures 63% stake in the logistics giant Aramex
After a deadline extension, the cash offer by an ADQ subsidiary saw shareholder acceptance jump from 35.31% to 40.57%.
Business
Ambani’s RIL and Aramco to duke it out for a $20 billion prize?
India's second largest private fuel company, Nayara Energy, could be a lucrative acquisition target for the two oil giants as its sanctions-hit Russian owners eye an exit.
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Business
Why Abu Dhabi’s ADQ is taking a complex, billion-dollar bet on Aramex
In an unprecedented move, the sovereign wealth fund wants to acquire one of the oldest publicly listed logistics companies in the Middle East. The question is whether the proposed deal can help turn around Aramex.
Best of Technology coverage
Internet
What explains Abu Dhabi’s interest in Binance
After a long phase of controversies, the world’s largest cryptocurrency exchange just received a $2 billion investment from a prominent Emirati firm. Plus, Pokémon GO comes to the Gulf.
Best of Public Markets coverage
Business
How the UAE is going electric
There is no dearth of action on the EV front in the country—corporate investments to foreign players coming in and new startups mushrooming. Yet some challenges remain.
Latest Newsletter
Internet
What explains Abu Dhabi’s interest in Binance
After a long phase of controversies, the world’s largest cryptocurrency exchange just received a $2 billion investment from a prominent Emirati firm. Plus, Pokémon GO comes to the Gulf.
Internet
Dubai hands out stiff penalties to intrusive telemarketers
Spread across 159 companies, the 50,000 dirham-each fine is a clear statement of intent: no trifling with the rules. Separately, a new tech listing in Alpha Data.