Middle East
Manufacturing
Saudi PIF to invest up to $1.5 bn in EV maker Lucid
Lucid Group said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in ......
Infrastructure
Dubai's Sidara drops plans to buy UK's Wood Group
Dubai's Sidara said on Monday it was walking away from its plan to buy UK's John Wood Group, citing rising ......
Finance
Saudi sovereign wealth fund signs $50 bn of MoUs with Chinese firms
Saudi Arabia's sovereign wealth fund PIF has signed six memorandums of understanding (MoUs) worth a total of $50 billion with ......
TMT
Egypt's MNT-Halan says Turkish acquisition to help expand consumer credit, factoring
Egyptian microfinance lending and payments company MNT-Halan's recent purchase of Turkey's biggest nonbank micro-leasing company will help develop its factoring ......
TMT
UAE's National Pulse invests in Singapore fintech firm Aleta Planet
United Arab Emirates' strategic management company National Pulse has invested in Singapore-based payments solutions provider Aleta Planet, the latter company ......
Infrastructure
UAE's Masdar plans more European bets after $887 mn Spanish solar deal
United Arab Emirates' renewable energy company Masdar is seeking more opportunities in Europe's green energy sector and will consider both ......
General
Middle East firms eye Europe but some deals face headwinds
As Abu Dhabi's ADNOC sets its sights on an 11.7 billion euro ($12.74 billion) takeover of German chemical maker Covestro ......
Finance
Saudi sovereign wealth fund PIF appoints new head of investment strategy
Saudi Arabia's sovereign wealth fund, which manages around $925 billion, has appointed a new head of its investment strategy and ......
TMT
Jordan's ISSF raises LP-style bet on early-stage VC fund
Jordan’s Innovative Startups and Small and Medium Enterprises Fund (ISSF) made a limited partner-style follow-on investment in an existing portfolio ......
TMT
MENA Digest: Web3 startup Sentient Labs, Omani firm pocket fat cheques
Dealmaking activity in the Middle East and North Africa (MENA) region was led by two big-ticket early-stage funding deals. Sandeep ......
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