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 […]

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 […]

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 […]

DGCX launches GCC’s 1st Shari’ah Compliant Silver Spot Contract

The Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, has launched GCC’s first Shari’ah Compliant Silver Spot Contract (DSSC), to provide investors with a reliant and transparent platform for trading the white metal. Having received regulatory approval from the UAE Securities and Commodities Authority (SCA), the […]

DP World to operate multi-purpose Dar Es Salaam Port in Tanzania

DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region to global markets. The concession to operate and modernize the Dar es Salaam Port was awarded to DP World with the primary objective of optimizing […]

Abu Dhabi’s Invest AD launches Blackstone Private Debt Fund

Abu Dhabi Investment Company (Invest AD), a wholly owned subsidiary of Mubadala Investment Company, has launched the Invest AD Blackstone Private Debt Fund, an SCA-regulated fund, which will offer local feeder access to Blackstone’s US and European private credit strategies. The feeder brings Blackstone’s institutional-caliber credit platform to qualified non-US investors, primarily in the UAE. […]

Core42 to explore digital security solutions of Hader

Core42, a G42 company and the leading digital transformation provider, has signed a Memorandum of Understanding (MoU) with Hader Security & Communications Systems, an Abu Dhabi-based systems integrator, to establish a strategic cooperative partnership to equip critical entities with advanced digital solutions for safety and security. The agreement was formalized in an official signing ceremony during […]

Dubai attracts greenfield FDI capital of $5.7bn in H1 2023

Dubai reported a 70 per cent year-on-year growth in total foreign direct investment (FDI) projects in the first half of 2023, according to Financial Times ‘fDi Markets’ data, with greenfield FDI projects accounting for 65 per cent of the total. The emirate attracted 511 greenfield projects and climbed to sixth position in FDI capital attraction, […]