UAE financial markets association signs partnership agreement with ICMA
The UAE Financial Markets Association (UAE FMA) has signed a cooperation agreement with the International Capital Market Association (ICMA) to boost their cooperation and mutual membership as well as to exchange expertise and information on regulatory developments and international best practices in the financial markets sector. Under the newly signed agreement, both parties will coordinate […]
Emirates Stallions Group continued to exceed expectations with a 197% profit increase
Emirates Stallions Group, the leading investment, engineering, and construction services business and subsidiary of International Holding Company (IHC), has increased its annual revenues and profits to well above the original forecast. The engineering firm, which operates in the UAE and across several global projects in the Middle East, Africa, Asia, Europe, and the Americas, announced […]
Riviera and MBR City commemorate Azizi Developments’ first handovers
Azizi Developments, a leading private developer in the UAE, is celebrating the inauguration of buildings 2, 4, 7, 11, 12, 13 and 14, comprising 1,164 units, in the first phase of its flagship waterfront community project Riviera in MBR City, with the ribbon cutting ceremonies welcoming the developers’ stakeholders to the now-completed buildings. Commenting on […]
UAE’s redesigned ADIA focuses on infrastructure, healthcare for long-term gains: SWF
Long considered a cautious, inscrutable investor, the Abu Dhabi Investment Authority (ADIA) now seems intent on shedding that reputation. This year, it has increased its exposure to Indian real estate and healthcare; it has also signed a multi-billion-dollar deal for a European transport firm and joined a consortium attempting to buy an Australian hospital operator. […]
G42 in the UAE unveiled a USD 10 billion technological growth fund
UAE-based AI and cloud computing company G42 has launched a USD 10 billion technology growth fund to focus on technology investments in emerging markets. G42 is backed by Mubadala Investment Co. and technology investor Silver Lake. The G42 Expansion Fund, formed in partnership with Abu Dhabi Growth Fund (ADG), will invest in late-stage growth companies […]
TotalEnergies partners ADNOC for Fuel Distribution
The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic partnership agreement signed by TotalEnergies and ADNOC on the occasion […]
UAE announces AED3 billion fund to develop advanced radar satellite constellation
The UAE Space Agency based in Abu Dhabi recently announced a new AED3 billion national investment and development fund for the space sector, The National Space Fund, under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister […]
UAE Ministry of Energy selects Siemens to set up ultra-fast electric vehicle charger network
The United Arab Emirates’ Ministry of Energy and Infrastructure selected Siemens technology for a nationwide network of ultra-fast electric vehicle (EV) chargers which will help reduce carbon emissions, boost adoption of EVs by addressing so-called range anxiety, and lay the groundwork for a more connected and sustainable transportation system. Ten Siemens Sicharge D 160 kW […]
