🇦🇪UAE Legal News

Abu Dhabi’s sovereign investor has quietly tightened its grip on the world’s largest Bitcoin exchange-traded fund. Mubadala Investment Company increased its position in BlackRock’s iShares Bitcoin Trust (IBIT), lifting its holdings to 12.7 million shares by the end of December. The stake is valued at approximately $630.6 million, marking a 46% jump from the 8.7 …

Desert Capital Deepens Its Bitcoin Bet, Lifts BlackRock ETF Stake to $630 Million Read More »

In boardrooms from New York to Zurich, the conversation has shifted from tech unicorns to T20 fireworks. The gravitational pull? The Indian Premier League. What began as a high-octane cricket spectacle has matured into a serious financial heavyweight. The IPL’s enterprise value has climbed to an estimated $18.5 billion, placing it among the most valuable …

Private Equity Storms the Pitch as IPL Becomes Cricket’s Hottest Asset Read More »

Dubai’s proptech scene just clocked another milestone. Homegrown digital real estate platform Stake has secured $31 million in a Series B round, pushing its total capital raised to $58 million and sharpening its ambitions well beyond the UAE. The latest round was led by Emirates NBD, with backing from heavyweight investors including Mubadala Investment Company, …

Stake Pulls in $31m to Power Borderless Property Investing Read More »

Caution crept across Middle Eastern trading floors on Tuesday, as investors weighed the optics of diplomacy in Europe against military manoeuvres in one of the world’s most sensitive waterways. In Saudi Arabia, the main index at the Saudi Stock Exchange slid 0.9%, reflecting a mood that was more guarded than panicked. Banking heavyweight Al Rajhi …

Gulf Bourses Step Back as Hormuz Drills and Diplomacy Cast a Long Shadow Read More »

Kuwait’s supermarket chain Trolley didn’t just test investor appetite — it filled the cart to the brim. The company’s market debut drew a staggering $2.87 billion in demand, prompting an increase in the size of the offering before the books even cooled. What began as a 30% stake sale was expanded to 35%, lifting the …

Kuwait’s Trolley IPO Rings Up $2.87bn in Orders, Forces Upsize Read More »

Saudi Arabia’s Power Tower Company is preparing to step into the public markets, unveiling plans for an initial public offering and a listing on the main market of Saudi Exchange (Tadawul). The move signals a new chapter for the company, known for its work in power transmission networks, substations, and renewable energy infrastructure—sectors that sit …

Power Tower Company Sets Sights on Tadawul Debut Read More »

Abu Dhabi’s sovereign investor Mubadala Investment Company has placed a calculated bet on Egypt’s fast-scaling grocery disruptor Breadfast, joining a $50 million pre-Series C funding round that signals bigger ambitions ahead. The Cairo-based startup, which began life in 2017 delivering fresh loaves to doorsteps, has since reinvented itself as a multi-service digital marketplace. Today, Breadfast’s …

Abu Dhabi Capital Fuels Breadfast’s IPO Ambitions with $50 Million Boost Read More »

Emirates is widening its Chinese footprint without adding a single new aircraft route of its own. The Dubai carrier has inked an interline agreement with Loong Air, unlocking access to 22 additional destinations across China through shared itineraries routed via Hangzhou, Shenzhen and Hong Kong. For travellers, that translates into one booking, one ticket, and …

Emirates Deepens China Push with Loong Air Tie-Up, Opening 22 More Cities Read More »

Lulu Retail Holdings PLC has closed its 2025 financial year on a high note, posting its strongest performance to date as revenue climbed to $7.9 billion (AED 29.1 billion), a 4.1% rise over the previous year. The group’s net profit reached roughly $205 million (AED 753 million), comfortably ahead of earlier projections. The numbers reflect …

Lulu’s $8 Billion Milestone: Retail Giant Caps FY25 With Record Sales and Digital Surge Read More »

Caution crept across the Gulf’s trading floors on Monday morning, with investors choosing restraint over risk as fresh U.S.–Iran negotiations loom. A second round of talks between Washington and Tehran is scheduled in Geneva this week, reviving a long-running diplomatic effort centered on Iran’s nuclear programme. The renewed dialogue is meant to cool tensions that …

Gulf Markets Drift as Washington–Tehran Diplomacy Keeps Traders on Edge Read More »