BusinessLatest Business and Company Updates
Modon Holding Expands Global Footprint with Arena Events Acquisition
Modon Holding, an Abu Dhabi-based investment firm, has secured a deal to acquire Arena Events Group, a prominent player in the temporary infrastructure and event solutions sector. The acquisition also includes Theta Bidco, the parent company of Arena, marking a significant expansion for Modon in the global events industry.With the
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Strategic Partnership Boosts Maritime Operations at THE RIG
A strategic partnership has been forged between the Oil Park Development Company (OPDC) and International Maritime Industries (IMI) to advance the maritime operations of THE RIG, an ambitious offshore adventure tourism project in Saudi Arabia. This collaboration is set to
Kuwait Finance House Divests Sharjah Islamic Bank Stake for $351 Million
Kuwait Finance House has completed the sale of its entire stake in Sharjah Islamic Bank, fetching $351 million. This divestment marks a significant shift in the bank’s investment strategy, reflecting a broader trend of strategic asset reallocation in the Gulf
Luxury Superyacht Amadea Heads to U.S. Auction Amid Legal Quagmire
The Amadea, a striking 106‑metre superyacht once valued at around $325 million, is slated for a sealed‑bid auction in the United States on 10 September 2025, yet mounting litigation and financial burdens cloud its prospects. Built by renowned German shipyard Lürssen and
