Author: Arabian Media staff
Image: Getty Images Mubadala Investment Company, the Abu Dhabi-based sovereign investor, said on Monday it has entered into an agreement to make a significant reinvestment in PCI Pharma Services, a global contract development and manufacturing organisation (CDMO) focused on biotherapies. The deal is part of a strategic transaction co-led by Bain Capital and existing lead investor Kohlberg. Partners Group will also remain involved with a minority investment, Mubadala said in a statement. Mubadala first invested in PCI alongside Kohlberg in 2020. PCI has been expanding its presence in pharma Over the past five years, PCI has delivered more than 450…
Ovasave, an Abu Dhabi-based digital health startup focused on fertility and hormonal care, has raised $1.2m in pre-seed funding, a sign of growing investor appetite for women’s health innovation across the Gulf. The funding round was led by PlusVC, Annex Investments, and New York-based venture studio 25 Madison. It also drew support from strategic angel investors and family offices across the UAE and Saudi Arabia, reflecting a widening pool of capital being deployed into early-stage femtech ventures. Backed by Abu Dhabi’s Hub71 ecosystem and registered with the Department of Health – Abu Dhabi, Ovasave is positioning itself as a pioneer…
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U.S. stock-market futures were little changed Sunday, as investors await the next tariff developments and a big week of quarterly earnings. Source link
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Image courtesy: WAM A consortium comprising Air Arabia, Nesma Group, and KUN Holding has won a bid from Saudi Arabia’s General Authority of Civil Aviation (GACA) to establish and operate a new national low-cost airline headquartered in Dammam. The carrier will be based at King Fahd International Airport and is intended to boost both domestic and international connectivity for the Eastern Province. The win marks the result of a strategic partnership among the three firms, aimed at supporting the kingdom’s aviation goals and economic development objectives. “We are proud to have been selected by GACA to launch a new national…
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There’s a feeling of optimism in the U.S. stock market about the week ahead, with corporate earnings finally poised to hold the spotlight. Source link
With revenue of $51.2 billion in the fiscal year that ended in June 2024, Ernst & Young Global Limited (also known as simply EY) is a business that would certainly attract many investors all over the world if its stock were publicly available. Unfortunately, it is not and likely will not be in the foreseeable future. Key Takeaways Ernst & Young is made up of three regional companies, each with its own structure.The company operates in 22 regions and has employees in over 150 countries.Collectively, Ernst & Young combines to form Ernst & Young Global Limited.The company’s complex structuring, combined…
In September 2008, as markets teetered amid the growing financial crisis, dozens of FBI agents swarmed the Minneapolis headquarters of Petters Company Inc. (PCI), an otherwise serene office park with landscaped ponds and early autumn foliage. “My first thought was, ‘Oh, birthday-cop strip-gram,'” recalled one employee, who quickly realized something far more serious was afoot as a “Vin Diesel lookalike” in an FBI vest directed her and other employees to a cafeteria where their phones would be collected as evidence. Behind Minnesota tycoon Tom Petters’ empire of iconic brands like Polaroid, a fleet of yachts, sprawling mansions, and celebrity fundraisers…