Georges Kern Breitling

Private equity-backed Breitling CEO eyes deals after turnaround

Breitling’s average selling price is now about $6,100, as the company uses more gold, precious stones and metals

Syed Basar Shueb, CEO Off IHC

Abu Dhabi-based IHC acquires majority stake in Emircom for Dhs250m to expand digital portfolio

Headquartered in Abu Dhabi, Emircom has a wide customer base that includes government organisations, educational institutes, finance houses and healthcare organisations

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour 1

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar

Kalyon Enerji Turkey

Abu Dhabi’s IHC acquires 50% stake in Turkish clean energy company Kalyon Enerji

Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the construction, energy and aviation industries

Saudi Aramco plans to go big carbon storage

Aramco to acquire Valvoline Global Products for $2.65bn

Aramco will benefit from VGP’s robust manufacturing and distribution network, significant R&D capabilities, strong partnerships with major OEMs

BinDawood acquisition

BinDawood Holding to acquire stake in French influencer marketing agency

Ykone is an influencer marketing agency focused on travel, beauty, fashion and luxury brands

DP World’s Imperial acquires a controlling stake in Africa FMCG Distribution Ltd in Nigeria

DP World’s Imperial acquires stake in AFMCG Distribution in Nigeria

Acquisition aligns with DP World’s aim to become the leading market access and logistics partner in Africa

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

TikTok sale in key western markets imminent: reports

Microsoft, Walmart, Twitter and Oracle have made bids for TikTok

Saudi Aramco appoints new CEO for $500m investment arm

Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over

Delivery Hero acquires Dubai-based InstaShop for $360m to expand into grocery delivery

InstaShop operates in five countries with over 1,500 vendors on its platform

mapillary facebook

Facebook acquires Google Street View-competitor Mapillary

Prior to Facebook’s acquisition, Amazon and a few other tech companies had also shown interest in Mapillary

Airbnb readies $2bn buyback on surge in travel demand

Airbnb in talks to raise more debt amid global crisis

The additional funds would give Airbnb an extra financial cushion as prospects dim for an initial public offering this year