India-UAE ranks 10th most popular route globally for holiday season travel
The UAE has become a very popular global destination among travellers, especially from India, during this festive season, said a new survey. According to analytics released by Sabre Corporation, the largest global distribution systems provider for air bookings in North America, India to UAE is the 10th busiest corridor globally for bookings during the […]
UAE’s Alpha Dhabi Holding acquires stake in Mykonos-based Nammos Group
UAE-based investment firm Alpha Dhabi Holding has acquired a stake in Greek lifestyle and F&B brand Nammos, as it looks to cash in on the growing food and beverage and lifestyle markets. The deal of undisclosed value is a result of the company’s joint venture with Monterock International, an international investment company with a focus […]
Abu Dhabi’s TAQA, ADNOC, and Mubadala become shareholders in Masdar
Abu Dhabi National Energy Company (TAQA) paid $1.02 billion in cash for its stake in Abu Dhabi Future Energy Company (Masdar), following an agreement to become a shareholder alongside Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company in the clean energy company. TAQA said in a statement on Thursday that the transaction, which […]
Up in the air: Abu Dhabi-listed Easy Lease plans for drone delivery service
Abu Dhabi has moved a step closer to having delivery drones buzzing across its skies: Motorcycle-leasing company Easy Lease has teamed up with drone technology company SkyGo to provide package-delivery services. The company said in a statement to the Abu Dhabi Securities Exchange (ADX) that it has signed an MoU with SkyGo, which is the […]
Abu Dhabi Export Office finances capacity expansion of solar park in Togo
The Abu Dhabi Exports Office (ADEX) announced on Thursday that it signed an agreement with Togo’s Ministry of Economy and Finance to finance the increase in production capacity of the Mohammed bin Zayed Solar Park in the country. The financing will help increase the Park’s capacity from the current 50 megawatts (MW) to 70 MW […]