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Industry News
Source: EnterpriseAM

Sisco-Backed GDI Completes SAR 230 Million Acquisition of UAE Cold-Chain Specialist Transcorp

Saudi-listed SISCO Holding announced that portfolio company Green Dome Investments has closed the 100% acquisition of Dubai-based Transcorp International for SAR 230 million (AED 225 million). The transaction was funded through equity from GDI shareholders, including approximately SAR 77 million from SISCO, marking the exit of Crescent Enterprises' CE-Ventures. Transcorp's UAE and Qatar operations will merge into GDI subsidiary Elite Co., creating a platform managing 1,500 vehicles and 27 warehouses across five GCC markets.

China–UAE News
Source: South China Morning Post

UAE Hopes for US-Iran Diplomatic Breakthrough While Preparing for Regional Escalation

The United Arab Emirates is hoping for a diplomatic breakthrough in indirect negotiations between Iran and the United States, senior Emirati official Anwar Gargash said. Speaking at a conference in Bahrain, Gargash stated that another round of conflict is not in regional interests, though the UAE is braced for worst-case scenarios. The remarks come as Qatari mediators facilitate indirect talks amid renewed threats of military strikes.

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