BusinessLatest Business and Company Updates
Baku ID 2025 Concludes: Baku Becomes the Regional Hub for Innovation
On June 19–20, Baku successfully hosted the Baku ID 2025 Innovation Festival. This year’s theme, The Regional Nexus, brought together leading entrepreneurs and technology leaders from the Caucasus, Central Asia, the Middle East, and North Africa, positioning Azerbaijan as the region’s innovation hub.The festival was organized by SABAH.HUB Innovation Center with the support of
Region
ADIA Joins Lead Role in GL Capital’s SciClone Continuation Vehicle
A wholly owned subsidiary of the Abu Dhabi Investment Authority has committed as lead investor to a single-asset continuation vehicle by GL Capital centred on SciClone Pharmaceuticals. The move marks a notable entry from a sovereign wealth fund
AD Ports Group Orders Two 780-TEU Vessels from Baku Yard
Abu Dhabi-based AD Ports Group has struck a deal with Azerbaijan Transport and Communication Holding to build two shallow-draft container ships of 780 TEUs each at Baku Shipyard. The vessels, intended for operation across the Caspian Sea, are scheduled
ALEC Holdings Prices IPO at Dh1.35–1.40, Subscription Kicks Off
Dubai’s engineering and construction powerhouse ALEC Holdings PJSC has fixed its IPO share price between AED 1.35 and AED 1.40, opening subscriptions for a 20 percent stake in the company. The offering will feature 1 billion existing shares, valuing