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ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

  • Saudi Arabia, Bahrain review ways to boost ties

    The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.

    The two sides agreed to enhance cooperation on international climate policies

    They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach

  • DP World adds LatAm infra

    It will add warehouses in Ecuador and the Dominican Republic.

    DP World and Emergent LatAm will develop two temperature-controlled logistics facilities in Latin America

    These developments will provide Emergent LatAm and DP World customers with a supply-chain solution

  • American Airlines trims flights

    The US carrier is waiting for the new Boeing 787 Dreamliners

    The major US carrier is still waiting for the new Boeing 787 Dreamliners it ordered and will not resume flying routes in the summer of 2022 as previously planned

    Demand for long-distance flights has been slow to recover from the pandemic downturn, but US carriers have been eyeing summer 2022 as a key moment in the comeback

  • EGA signs 3 year agreement with China’s Bosai Group

    The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements.

    The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements

    EGA operates a transshipment facility in Guinea, enabling its bauxite to be shipped using giant Capesize vessels

  • Masdar, Taaleri SolarWind II Fund launch wind farms in Poland

    "This event marks a key milestone in Poland’s renewable energy journey and demonstrates Masdar’s commitment to the nation’s climate action...

    In January, both companies announced they had each acquired a 50% stake in the projects, marking their first investment in the Polish renewable energy market

    The projects produce enough electricity to supply approximately 90,000 households in Poland, and offset 146,000 tonnes of carbon dioxide each year

  • Mubadala acquires stake in Sibur

    This is the company's largest investment in Russia yet.

    The acquisition terms were agreed upon before Sibur's recent merger with TAIF.

    In 2015, Mubadala invested in Sibur’s transshipment terminal in Ust-Luga.

  • Etihad and ITA Airways sign pact

    Codesharing agreement to boost travel and tourism between Italy and UAE.

    The agreement will also offer travelers more options and better connectivity when traveling through Rome Fiumicino, Milan Malpensa and Abu Dhabi.

    The partners are also working together to expand the scope of their cooperation over the coming months.

  • Gulf boardrooms still a man’s world

    Female representation on boards and at higher levels across the Gulf is trailing behind much of the rest of the...

    Research from McKinsey & Company shows that organizations with greater diversity among their executive teams enjoyed both greater profits and longer-term value.

    McKinsey’s research also found that companies with low rates of both gender and racial diversity are 29 percent more likely to make less money.

  • Half of Iran’s civil jets grounded for lack of spare parts

    The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this...

    The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this week

    According to the Iranian economic daily Financial Tribune, national carrier IranAir currently operates a fleet of 39 planes, the majority of them Airbus jets

  • Mubadala invests in US-based Medallia

    Medallia captures experience data from customers and employees.

    Medallia was founded in 2001 and is a provider of experience management software to customers.

    Mubadala was founded on 19 January 2017 and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan is its Chairman.