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ArabicDubai’s TECOM expands property portfolio with new $120mln investment
Dubai-listed business park operator TECOM Group is expanding its commercial real estate portfolio with an investment of AED 442 million ($120 million). The company said on Monday it has just […]
Star Paper Mill to set up $54mln recycled paper mill in Abu Dhabi
A new recycled paper mill will be established in Khalifa Economic Zones Abu Dhabi (KEZAD) in a move to support the UAE circular economy. The mill will manufacture eco-friendly biodegradable […]
UAE, Cameroon explore opportunities in renewable energy, infrastructure and logistics
YAOUNDÉ, Cameroon – Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an Emirati delegation of business, investment, and development leaders to Cameroon to explore […]
Marriott to open 4 properties in UAE in deal with RDK tourism
Marriott International has signed a deal with RDK Tourism Investment to open four properties in the United Arab Emirates (UAE). The signings are expected to further enhance the company’s footprint […]
Abu Dhabi group to set up major wastewater plant in Uzbekistan
Abu Dhabi Sewerage Services Company (ADSSC) said it has signed an exclusive agreement with Uzsuvtaminot, a key player in improving the management of water resources in Uzbekistan, to develop a […]
Kuwait-backed Wafra raises $1.5bln for stakes in fund managers
Wafra Inc, an investment firm backed by Kuwait’s public pension fund, said on Monday it has raised $1.5 billion for its fourth flagship fund that will acquire minority […]
Abu Dhabi’s Mubadala acquires stake in Germany’s Skyborn Renewables
Abu Dhabi’s strategic investor Mubadala Investment Co. has acquired a stake in Skyborn Renewables, alongside Global Infrastructure Partners (GIP). The acquisition of a 100% interest in Skyborn Renewables provides Mubadala […]
Abu Dhabi cloud kitchen start-up The Cloud raises $10mln
UAE-based cloud kitchen start-up, The Cloud, has secured $10 million in a new funding round led by a consortium of venture investors. The Cloud is a B2B2C kitchen platform where […]
Alpha Dhabi to invest $2.5bln in Alpha Wave Ventures II Fund
Alpha Dhabi Holding, an Abu Dhabi-based investment holding company, will invest 9.2 billion dirhams ($2.5 billion) in a venture fund launched at the beginning of the year, thus becoming its […]
Abu Dhabi’s IHC completes $2bln investment in Adani Group’s green portfolio
based strategic investment company International Holding Company (IHC) has completed the 7.3 billion dirhams ($2 billion) investment in three green-focused companies owned by Indian conglomerate Adani Group, first disclosed last month. […]
