Mubadala Weighs Du Stake Sale, ADQ’s $25B Dea...

Saudi Arabia weighs creating a logistics giant to rival DP World, Qatar billionaire-backed Estithmar Holding explores a rare Doha IPO with Rothschild, and Dubai-based media mogul Richard Desmond faces a £40 million-plus legal fallout after losing a UK lottery lawsuit. Gulf busine ...  Afficher plus

HEADLINES:• Dubai Crown Prince just approved a $408 million economic relief package • Saudi Arabia Freezes Consultancy Payments as Iran War Pressures State Spending • Alabbar Says Noon Will Cut Staff by 50% Within Three Months 

HEADLINES:♦ G42 to Sell 2% Presight AI Stake to Boost Global Investor Base♦ Saudi Shawarmer to Fund Fired Employee Majed Al-Omari’s New Venture After Boycott♦ Saudi Arabia and UK Announce £360 Million in Joint Investment Deals♦ Billionaire Mohamed Alabbar Visits Viral Klay by Kar ...  Afficher plus

On this episode of Stock Movers:- Kering agreed to sell its beauty division to L’Oreal SA as part of a long-term strategic alliance, its stock having risen about 36% since the start of the year. _ Holcim is set to acquire Xella, a European walling systems company, in a €1.85 bill ...  Afficher plus

Bloomberg’s Matt Miller discusses plans by current and former OpenAI employees to sell $6 billion worth of shares to an investor group that includes SoftBank. Plus, investors react to US government plans to take a stake in Intel. And global competition in the electric vehicle spa ...  Afficher plus

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Electronic Arts’ agreement to be sold in a record-breaking leveraged buyout. Plus, Huawei plans to ramp up production of its most advanced AI chips in a bid to take market share from Nvidia. And Peloton is preparing to launch new AI ...  Afficher plus