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 […]
EGA starts work on UAE’s largest aluminium recycling plant
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has announced that work has begun on its new aluminium recycling plant at Al Taweelah located in the Khalifa Industrial Zone Abu Dhabi (Kizad). The 170,000-tonne per annum facility is coming up next to EGA’s existing smelter and once completed […]
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 Tawazun signs $6.3bn defence deals at Dubai Airshow
Tawazun Council , a government entity that works closely with the UAE Ministry of Defence (MoD), announced that it signed deals cumulatively worth Dhs23.1bn ($6.28bn) at the recently concluded airshow. This announcement was made on the the final day of the airshow which saw 10 deals, worth Dhs1.415bn ($383m), signed with local and international companies. […]
EDGE inks key deals at airshow, includes Dhs239m UAS deal with defence ministry
Abu Dhabi-based EDGE Group and its entities signed key deals at the Dubai Airshow. The state-owned advanced technology and defence conglomerate comprises 25 companies that provide a diverse portfolio of military and civilian products, services, solutions, and related technologies. One of its entities, ADASI, an autonomous systems and services company, signed a Dhs239m contract to supply Garmoosha unmanned aerial systems […]
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 […]
EDGE acquires majority stake in autonomous air systems developer ANAVIA
The UAE’s EDGE Group has announced the acquisition of a 52 per cent majority shareholding in ANAVIA, a Switzerland-based company that specialises in the design, development, and manufacturing of versatile vertical take-off and landing (VTOL) systems of up to 750 kilogrammes. The acquisition will see EDGE become a market leader in this highly-specialised yet growing sector. ANAVIA produces […]
IHC consolidates ‘green businesses’ assets under Sirius International
Abu Dhabi conglomerate International Holding Company (IHC) is consolidating key ‘green businesses’ assets under its subsidiary, Sirius International Holding, leveraging disruptive technologies to engineer ‘sustainability solutions’ that combat climate change. The transfer of the four entities is aimed at driving digital transformation through investments. “The ownership transfer will include Green Energy Investment Holding, Green Enterprise […]
Pure Health , Dell partner to advance healthcare services in Abu Dhabi
PureHealth has partnered with Dell Technologies to leverage generative artificial intelligence (GenAI) across healthcare services including early disease detection, medical data analysis and personalised treatment plans to advance Abu Dhabi’s health ecosystem further. The partnership will harness the collective resources and technologies of both entities to improve health outcomes by ensuring access to advanced medical […]
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 […]