Santos has initiated exclusive discussions with Abu Dhabi’s National Oil Company regarding a potential acquisition valued at $18.7 billion. This move has sparked significant interest within the energy sector, highlighting the ongoing evolution of market dynamics in the industry. The agreement establishes a six-week exclusive due diligence period, indicating Santos’ strong interest in the offer...
Startups across the Middle East and North Africa are experiencing a surge in capital investment, strategic acquisitions, and regional expansion, highlighting the increasing momentum in the area’s innovation ecosystem. This week, various startups secured funding and achieved key regulatory milestones, positioning themselves for growth in a highly competitive and rapidly changing market landscape. Credit: Arab...
The Abu Dhabi National Energy Company (TAQA) is actively seeking acquisition opportunities in the United States and other regions to enhance its international presence and achieve its growth targets. This information was reported by Reuters. TAQA, which is primarily owned by ADPower, a subsidiary of the Abu Dhabi sovereign wealth fund ADQ, has been diversifying...
Abu Dhabi’s TAQA (TAQA.AD) is actively seeking to acquire companies in the United States and other locations, according to its chief executive, Jasim Husain Thabet. The state-owned utility is focused on international expansion and is striving to meet its ambitious growth targets. “The U.S. is a key market for us,” Thabet stated during an interview...
Abu Dhabi healthcare group PureHealth is pursuing its second consecutive acquisition of a leading European hospital operator, this time targeting Luz Saude, which is based in Portugal. Luz Saude operates a network of 20 hospitals across Portugal and Madeira. This potential deal would enable PureHealth to enhance its European presence following its recent acquisition of...
Emirates Group’s airport and travel services company, dnata, is actively pursuing a robust pipeline of acquisitions to fuel its growth and expand its global presence, as revealed by CEO Steve Allen. The company is focusing on various sectors, including catering, ground handling, and cargo services, as part of its strategic initiatives. Allen emphasized dnata’s commitment...
ADNOC Drilling Company has announced a significant allocation of approximately $700 million for new acquisitions in 2025. This move is part of the company’s strategy to enhance its operations both locally in the UAE and in international markets, as stated by CEO Abdulrahman Abdulla Al Seiari. The acquisitions will be facilitated through Enersol, a joint...
Agility Global PLC has announced that its subsidiary, Menzies Aviation, has signed an agreement to acquire 100% of the American company Secure Staff G2 for AED 1.1 billion, which is equivalent to approximately USD 305 million. Additionally, there will be a conditional payment of AED 36.7 million, or USD 10 million, scheduled for 2026, contingent...
Seesaw, a leading global company focused on PreK-12 learning experiences, has announced its acquisition of Little Thinking Minds, an edtech startup based in the MENA region that specializes in Arabic literacy solutions. This strategic move is expected to enhance Seesaw’s presence in the MENA region, where it is already trusted by over 25 million educators,...
The Bank of Bahrain and Kuwait (BBK) has announced a significant financing agreement worth BD58 million with Solidarity Group Holding. This Islamic Murabaha financing will aid Solidarity in its acquisition of Bahrain National Insurance (BNI), a subsidiary of Bahrain National Holding. Through this agreement, BBK emphasizes its commitment to supporting Bahrain’s economic development and enhancing...