EDB supports food security with Dhs721m under its five-year strategy
UAE’s Emirates Development Bank (EDB) has approved more than Dhs721m in funding for food security projects since the launch of its new strategy in April 2021. The development lender has allocated Dhs30bn to support 13,500 small to medium enterprises (SMEs) in five priority sectors – manufacturing, renewables, technology, healthcare, and food security. “It is important […]
Masdar to develop 10GW renewable energy projects in Malaysia
UAE clean energy firm Masdar, also known as Abu Dhabi Future Energy Company, has partnered with the Malaysian Investment Development Authority (MIDA) to invest $8bn for up to 10 gigawatts (GW) of renewable energy projects in the Southeast Asian country. The partnership marks an important milestone in the pursuit of a sustainable and greener future for […]
ADQ-backed Silal acquires majority stake in SAFCO Group
ADQ-backed Silal has acquired a majority stake in SAFCO Group, a UAE food and beverage distributor, in a deal that will bolster the company’s market presence and expand its footprint in the food service and distribution industry. The Abu Dhabi-based agtech firm said the transaction aligns with its growth ambitions and significantly strengthens its presence […]
DHL to acquire remaining shares in Danzas AEI Emirates
DHL Global Forwarding (DHL) has signed an agreement to acquire the remaining shares in Danzas AEI Emirates from Investment Trading Group. Both entities have been managing the company through a joint venture since 1995, with Investment Trading Group holding 60 per cent of the shares. A logistics and transport services provider for Dubai and the […]
Dubai Healthcare City launches platform to raise mental health awareness
Dubai Healthcare City marked World Mental Health Day on October 10, with the launch of a new initiative, the ‘DHCC Mental Wellbeing Community Talks Programme. The DHCC Mental Wellbeing Community Talks Programme, will offer a platform for Dubai Healthcare City community members and the public to meet and talk about mental health, share knowledge and their experiences. […]