Middle East

Qatar Airways looking to buy up to 20% stake in Virgin Australia, says report

Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial ......

• Reuters

ADNOC gets access to German firm Covestro's books after $12.5-bn takeover offer

German chemicals firm Covestro is giving ADNOC access to its books and stepping up talks based on an improved 11.7 ......

• Reuters

UAE renewables company Masdar to buy Greece's Terna Energy

United Arab Emirates renewable energy company Masdar said on Thursday it has reached an agreement to buy an initial 67% ......

• Reuters

Brookfield leads investment in Dubai's GEMS Education as CVC cuts stake

A consortium led by Brookfield Asset Management has agreed to invest in Dubai-based international education provider GEMS Education, the companies ......

• Reuters

Brookfield to acquire majority stake in GII's 1.5-mn-sq-ft logistics portfolio

Canadian alternative investment firm Brookfield Asset Management will  acquire a controlling stake in UAE-based Gulf Islamic Investments' logistics real estate platform ......

• Dilasha Seth

BlackRock, KKR sell stake in ADNOC assets to Abu Dhabi's Lunate

Abu Dhabi investor Lunate said on Wednesday it had bought a 40% stake from private equity firms BlackRock and KKR ......

Saudi PIF-backed Riyad Bank weighs IPO of investment banking unit

Saudi Arabia's Riyad Bank, the kingdom's third biggest lender by assets, said on Thursday its board was considering an initial ......

• Reuters

MENA Digest: Travel tech platform Tumodo leads funding activity in region this week

Funding activity in the Middle East and North Africa (MENA) region during the week was led by UAE-based business-to-business travel ......

• Dilasha Seth

Ruya Partners' Omar Al Yawer on why private credit is picking up in Middle East and more

Abu Dhabi-based private credit firm Ruya Partners was set up in late 2020 by Rashid Siddiqi and Mirza Beg. Omar Al Yawer joined ......

• Dilasha Seth

Gulf Digest: Saudi startup co-founded by ex-Zomato exec, SaaS firm Blink get funding

Saudi tech startups Omniful and Blink led dealmaking in the Middle East region in the first week of December. Both ......

• Dilasha Seth