by Priyanka Sharma | November 21, 2024 | Banking Regulations, Mergers & Acquisitions, News
Indian billionaire Gautam Adani has been charged with fraud in the US, accused of orchestrating a $250 million bribery scheme to secure contracts for his renewable energy company. The charges, filed on Wednesday in New York, are a significant blow to Adani, who is one...
by Priyanka Sharma | November 20, 2024 | Investment Banking, Mergers & Acquisitions, Retail Banking
Mashreq, a prominent financial institution in the MENA region, has signed a landmark Sustainability-Linked Facility (SLF) agreement with Landmark Retail, a leading value conglomerate in the Middle East’s retail sector. This agreement marks the first time a private...
by Priyanka Sharma | November 20, 2024 | Automotive, Mergers & Acquisitions
Abdulla bin Touq Al Marri, Minister of Economy, held a meeting with Peec Mobility officials to learn about the company’s future plans for the UAE market and their contribution to promoting the circular economy and sustainable transportation. The meeting forms part of...
by Jennifer George | September 13, 2024 | Banking, Mergers & Acquisitions, News
Dubai-listed Mashreq Bank will sell a 65% stake in NeoPay, a key Mashreq subsidiary for IDFAA Payments Services LLC, to Arcapita Group Holdings Limited and Turkish fintech firm Dgpays S.A.R.L. The local lender is expected to enter a long-term shareholder arrangement...
by Jennifer George | August 29, 2024 | Mergers & Acquisitions, News
The enterprise wing of the UAE’s leading tech-telco group, e&, has officially acquired a 100% stake in Turkey’s GlassHouse Bilgi Sistemleri Ticaret Anonim Şirketi, a nationally acclaimed cloud and SAP infrastructure service provider. e& purchased...
by Jibran Munaf | July 1, 2024 | Mergers & Acquisitions, News
BlackRock, the world’s largest asset management company, has announced an agreement to acquire UK-based data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash. This strategic move aims to bolster BlackRock’s presence in the private markets data...
