Abu Dhabi’s TAQA, ADNOC, and Mubadala become shareholders in Masdar
Abu Dhabi National Energy Company (TAQA) paid $1.02 billion in cash for its stake in Abu Dhabi Future Energy Company (Masdar), following an agreement to become a shareholder alongside Abu […]
AD Ports to buy majority stake in Egyptian maritime companies
Abu Dhabi-based AD Ports Group has announced that it has reached an agreement to acquire a 70% equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based […]
Dar Al Takaful, Watania complete another milestone in merger process
Dar Al Takaful (DAT) and Watania have completed another condition precedent in the merger process aiming to create one of the leading Takaful providers in the UAE with the […]
Abu Dhabi’s ADNOC Drilling signs deal to acquire two offshore drilling units
ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company (ADNOC), is acquiring two more premium offshore jack-up drilling units, to boost its oil production capacity and meet growing demand, […]