E& sale of Vodafone stake to Vega raises AED 21.8bn in strategic portfolio shift E& sale of Vodafone stake to Vega raises AED 21.8bn; 3.944743685bn shares sold at 112.5p including …
stake
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OpenAI Considers 5% Stake for US Government to Ease Political Tensions OpenAI 5% stake under consideration as a mechanism to share AI returns with the public and improve relations with …
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Business
ADNOC awarded 60% stake in world’s largest Bab gas-cap development project
by James Bryantby James BryantADNOC-Led Consortium Wins Concession for Bab Field Gas-Cap Development Abu Dhabi’s Supreme Council approves Bab field gas cap development agreement, assigning a 60% stake to ADNOC with international partners holding …
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Business
Emirates NBD completes acquisition of 60% stake in RBL Bank
by James Bryantby James BryantEmirates NBD Completes Acquisition of 60% Stake in RBL Bank with $2.75bn Capital Injection Emirates NBD completes acquisition of majority stake in RBL Bank after a $2.75 billion capital injection, …
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Business
Dubai Holding acquires 22.27% stake in Emaar Properties and becomes largest shareholder
by James Bryantby James BryantDubai Holding Raises Stake in Emaar to 29.73% After 22.27% Acquisition Dubai Holding increases its stake in Emaar to 29.73% after buying 22.27% from the Investment Corporation of Dubai, becoming …
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Business
Emaar announces Dubai Holding raises stake to 29.73% after ICD divestment
by James Bryantby James BryantEmaar ownership reshaped as Dubai Holding unit acquires 22.27% stake Emaar ownership reshuffled as Emirates Power Investment, a Dubai Holding unit, acquires 22.2723% stake; Dubai Holding’s total rises to 29.73%, …
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Business
ADNOC Drilling completes acquisition of 80% stake in MB Petroleum Services
by James Bryantby James BryantADNOC Drilling acquires 80% stake in MBPS, strengthening GCC oilfield services presence ADNOC Drilling completed its acquisition of an 80% stake in MBPS on May 4, 2026, expanding its regional …
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Dubai Islamic Bank announced an increase in its stake in the TOM Group from 20 to 25%. The bank stated, in a statement, that this strategic step comes in the …
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Emaar Properties confirmed that it is in talks with a number of major companies in India, including the Adani Group, for the possible sale of a stake in Emaar India. …
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Emirates Global Aluminum Company announced yesterday the completion of the acquisition of a majority stake in Spectro Alloys, an American company specializing in aluminum recycling. It stated, in a statement, …