IHC announces formation of new holding firm ‘2PointZero’

Abu Dhabi-based International Holding Company has announced the formation of a new holding company, 2PointZero, a next-generation Holding Company comprising several diverse and dynamic companies. According to the statement, IHC’s board approved the initiation of the transfer of entities across several sectors to 2PointZero and the move will be completed after obtaining all regulatory approvals. […]

Arada buys high-end plot near DIFC fo luxury residential tower

Arada has purchased a prime land plot in Zabeel 2 adjacent to Dubai International Financial Centre (DIFC), marking yet another significant expansion milestone for the master developer into the high-end Dubai property market. Valued at $163 million, the plot was purchased from Rital Properties, the real estate subsidiary of Emirates NBD. The 138,466 sq ft […]

Halliburton to establish drilling tool calibration facility at Hamriyah Free Zone

The Hamriyah Free Zone Authority (HFZA) in Sharjah has entered into a strategic agreement with Halliburton, one of the world’s leading providers of products and services to the energy industry. Under the agreement, Halliburton will expand its footprint within the UAE by establishing a cutting-edge facility for calibrating drilling tools used in the oil industry. […]

AD Ports Group unit Noatum acquires APM Terminals Castellón in Spain

AD Ports Group has announced that Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100 percent ownership of APM Terminals Castellón in Spain for a total purchase consideration of $11 million (EUR 10 million). The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the change […]