UAE Contractors Association Signed MOU with UAE Business Platform strategic Partnership
The UCA has been able to register several achievements since its inception in September 1985. It has cooperated with municipalities and professional bodies to assist in continuing task of developing a building and safety code for the UAE construction industry. This function is executed through the UCA’s Technical Consultative Committee. The UCA has placed the […]
Abu Dhabi-based PureHealth announces intention to list on ADX
Healthcare giant PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and list its shares on the Abu Dhabi Securities Exchange (ADX). Trading on ADX is likely to commence in December subject to obtaining regulatory approvals and other required considerations. Hamad Al Hammadi, chairman of the Board of Directors of […]
UAE’s Agthia Group posts Dhs3.27bn in nine-month revenue
UAE food and beverages group Agthia said its net revenue in the first nine months of 2023 rose by 10.9 per cent to Dhs3.27bn year-on-year (YoY), driven by a robust performance from the snacking and agribusiness segments as well as a more competitive and price-sensitive backdrop in some markets. The group’s snacking segment, product and […]
Alpha Dhabi posts double digit growth for Q3 results
Alpha Dhabi Holding (Alpha Dhabi), one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange, announced its financial results for the period ending September 30. Alpha Dhabi reported robust financial results, with a noteworthy 29 per cent year-on-year increase in net profit, surging to Dhs11.6bn, as compared […]
Alpha Dhabi acquires stake in NTS Amega Global
Alpha Dhabi Holding has acquired a 51 percent stake in NTS Amega Global, a renowned cutting-edge manufacturing, repair, and rental solutions provider in the Oil & Gas sector. With this acquisition, NTS Group cements its position as a global frontrunner in producing drilling, subsea, top-side, and process components. This encompasses repairing Measuring and Logging While […]
ADCCI pens MoU with Abu Dhabi Convention & Exhibition Bureau
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Convention and Exhibition Bureau, part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) in order to enhance cooperation between the two entities. The MoU also intends to enhance joint coordination […]
Abu Dhabi launches trials for automated rapid transit project
Abu Dhabi has launched the pilot phase of the Automated Rapid Transit (ART) project on Abu Dhabi Island. The move is part of a broader strategy by the Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) to develop an integrated and smart public transportation system that supports local development. The ITC […]
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 […]
Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates, weighed on stocks’ valuations, making them more attractive. The fund was also looking at opportunities in the private credit market, as banks become more cautious […]
UAE’s ADNOC awards multibillion gas expansion contracts
UAE’s ADNOC Group has awarded contracts worth $16.9bn to develop an offshore natural gas field that will operate with net zero carbon dioxide emissions. The two engineering, procurement and construction (EPC) contracts for the Hail and Ghasha Offshore Development project will produce 1.5 billion standard cubic feet per day (bscfd) of gas before the decade’s […]