UAE’s Alpha Dhabi Holding acquires stake in Mykonos-based Nammos Group
UAE-based investment firm Alpha Dhabi Holding has acquired a stake in Greek lifestyle and F&B brand Nammos, as it looks to cash in on the growing food and beverage and lifestyle markets. The deal of undisclosed value is a result of the company’s joint venture with Monterock International, an international investment company with a focus […]
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 Dhabi National Oil Company (ADNOC) and Mubadala Investment Company in the clean energy company. TAQA said in a statement on Thursday that the transaction, which […]
Up in the air: Abu Dhabi-listed Easy Lease plans for drone delivery service
Abu Dhabi has moved a step closer to having delivery drones buzzing across its skies: Motorcycle-leasing company Easy Lease has teamed up with drone technology company SkyGo to provide package-delivery services. The company said in a statement to the Abu Dhabi Securities Exchange (ADX) that it has signed an MoU with SkyGo, which is the […]
Abu Dhabi Export Office finances capacity expansion of solar park in Togo
The Abu Dhabi Exports Office (ADEX) announced on Thursday that it signed an agreement with Togo’s Ministry of Economy and Finance to finance the increase in production capacity of the Mohammed bin Zayed Solar Park in the country. The financing will help increase the Park’s capacity from the current 50 megawatts (MW) to 70 MW […]
UAE President receives acting Defence Minister of Afghanistan
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Afghanistan’s Acting Minister of Defence, Mullah Mohammad Yaqoob, today, at Qasr Al Shati Palace. The meeting addressed cooperation relations and issues of interest. WAM (Emirates News Agency)
AMEA Power signs $1.1bln green energy projects in Egypt
Dubai-based AMEA Power, a leading renewable energy company in the Middle East, has achieved the financial close to deliver 500MW wind and 500MW solar projects representing $1.1 billion of investment in Egypt. The deal takes the company’s clean energy portfolio to 2GW in the country. AMEA Power will develop, own and operate the 500MW solar […]
ADNOC accelerates delivery of low carbon growth strategy to continue responsibly meeting global energy needs
Abu Dhabi National Oil Company (ADNOC) is accelerating operationalisation of its board mandated low carbon growth strategy, by establishing a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG) and chemicals. Musabbeh […]
Emirates launches third daily A380 service to Gatwick
Emirates has ramped up its operations to Gatwick Airport with the addition of a third daily A380 flight, continuing to scale up its UK operations to meet sustained demand ahead of the holiday rush. The additional frequency will offer enhanced capacity with more than 1,000 seats to/from Gatwick to Dubai, every day. Emirates flight EK11 […]
Union Properties launches $436mln new project in Dubai Motor City
Financially troubled Dubai developer Union Properties, which completed a debt restructuring earlier this year, has launched a new project valued at around 1.6 billion dirhams ($436 million), its first new launch since 2015. The mixed-use development called Takaya will be located in Dubai Motor City, it said in a statement on Tuesday. Construction is expected […]
UAE President commences official visit to Qatar
President His Highness Sheikh Mohamed bin Zayed Al Nahyan commenced his official visit to Qatar today. Upon the invitation of Qatar’s Emir, His Highness Sheikh Tamim bin Hamad Al Thani, the visit builds on the existing brotherly relations between the two nations and their people. The heads of state will explore areas […]