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PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

Sharjah and Guatemala to boost economic ties, shore up investments

    • the Sharjah Chamber is keen to enter the Central American markets as a fertile market for agricultural and food products

    • The two countries want to boost economic ties and bolster investments in food security, waste management and tourism

    Sharjah and Guatemala are looking at ways to boost economic ties and bolster investments in food security, waste management and natural tourism fields. A recent meeting between the Sharjah Chamber of Commerce and Industry (SCCI) and  Lars Pera, Ambassador of Guatemala to the UAE, and Jose Bassila, Commercial Counsellor at the Embassy of Guatemala, resolved to organize a coordination meeting with the SCCI counterpart in Guatemala and considered signing a memorandum of understanding to enhance cooperation at all scales.

    Noting the importance of the meeting in enhancing the prospects of commercial and investment cooperation, Abdullah Sultan Al Owais, Chairman of SCCI, underlined that the Emirate of Sharjah has enormous competitive advantages which make it one of the top business destinations in the region.

    According to WAM, this includes a flexible and stimulating legislative system for business growth, a sophisticated infrastructure, a strategic location in the middle of the major world markets.

    Al Owais shed light on the role of the Sharjah Chamber in supporting those companies wishing to launch their businesses and investments in the emirate through the provision of all the necessary facilities and diverse services for the success of their business.

    Pera, in turn, invited Sharjah’s business community to visit his country to learn closely about the potential investment opportunities, adding that Guatemala enjoys huge potentials in different sectors.

    He also extended an invitation to Emirati businessmen and investors to organise a trade mission to Guatemala, affirming his country’s keenness to provide all the support and facilities for the success of their investments.

    Mohammed Ahmed Amin Al Awadi, Director-General of the SCCI, said that the Sharjah Chamber is keen to enter the Central American markets as a fertile market for agricultural and food products, as well as services, logistics, and financial sectors.

    He noted that the chamber is keen to enhance its presence in the emerging markets that provide opportunities for growth and expansion for its partners from the business community and private sector companies in the emirate.