Lulu Retail expands IPO to 30% amid strong investor demand
UAE grocery titan LuLu Retail has increased its IPO size to 30% amid strong investor demand, attracting significant investments from entities like Masarrah Investment Company.
Business
ADNOC’s Enersol strikes major deal to acquire U.S. Deep Well Services for $223mn
Enersol’s $223M acquisition of Deep Well Services aims to transform UAE energy, leveraging advanced technologies for high-pressure well completions and strategic automation.
Abu Dhabi is now a top 5 global hotspot for careers in tech
Abu Dhabi’s tech boom is transforming the city into a global software career hotspot, blending strategic government investments with high salaries and advanced infrastructure.
Abu Dhabi’s ‘Make it in the Emirates’ forum returns May 2025 to push industrial growth
The Make it in the Emirates Forum returns, showcasing a vibrant mix of cultural heritage and cutting-edge industrial opportunities; with partnerships between MoIAT and ADNEC, the forum sets the stage for transformative investments in smart manufacturing and sustainability.
Alpha Dhabi’s strategic investments drive $2.04bn Q3 profit surge
Alpha Dhabi reports a record-breaking 83% profit surge in Q3 2024, driven by industrial and real estate investments; strategic acquisitions since 2022 fuel ongoing growth.
Abu Dhabi’s CYVN moves to acquire McLaren Automotive, steer focus to EVs
Abu Dhabi’s CYVN Holdings plans to take over McLaren’s automotive division, bringing fresh capital and expertise to expand McLaren’s electric vehicle technology. This move by CYVN could redefine the luxury carmaker’s future in EVs.
