BusinessLatest Business and Company Updates
KKR Deepens Gulf Ties with Stake in ADNOC Gas Network
Global investment giant KKR has acquired a minority stake in the entity leasing Abu Dhabi National Oil Company’s gas pipeline assets, bridging further into the Gulf’s energy infrastructure sphere. The financial terms were undisclosed; key rights and management powers remain with ADNOC. This marks a continuation of KKR’s partnership with ADNOC:
Region
UAE Embraces Global Crypto Tax Transparency Through CARF Deal
Abu Dhabi has finalised a major agreement to enforce greater transparency in crypto-asset taxation by signing the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework. The deal mandates automatic exchange of tax-related data on crypto transactions across jurisdictions,
VEON Strengthens Kazakhstan Hold with OLX KZ Acquisition
Dubai-headquartered digital operator VEON Ltd. is set to acquire full ownership of classified-ads platform OLX Kazakhstan through its Kazakh subsidiary Beeline Kazakhstan for US$75 million, marking a strategic push into Central Asia’s digital services ecosystem. The deal expands Beeline’s footprint beyond connectivity
Yas Living Fully Subscribed, Aldar Records Over AED 1.3 Billion in Sales
Abu Dhabi — Aldar has sold all units of its Yas Living development in just days after launch, securing more than AED 1.3 billion in sales. The development comprises 678 apartments spread across three buildings, offering configurations from studios to
