February 9, 2023

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Tag: INVESTMENT

Dubai’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. […]

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