Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals.Amwaj merges with Shaqab, Atyab
Qatar-based Gulf International Service has successfully accomplished the merger.ADNOC Distribution to go for 25 percent cut in carbon intensity by 2030
ABU DHABI, UAE - ADNOC Distribution on Friday announced plans to reduce its carbon intensity by 25 percent by 2030. This will be implemented by putting sustainability at the core of its day-to-day operations to future-proof its business and deliver sustainable long-term shareholder value. Central to ADNOC Distribution's enhanced sustainability...Investcorp set to invest $1bn in GCC real estate over next five years
The investment in the Dammam warehouse will bring the value of Investcorp’s global warehousing logistics investments to over $4 billion.HSBC sells Canada ops for $10bn
Bank will use funds for core business, give cash to investors.TECOM Group to pay dividend
Firm approved interim dividend payment of US$54m.DEWA plans cash dividend for H1
Firm plans to give cash dividend of US$844m.Emaar Properties buys Dubai Creek Harbour for $2 billion
Emaar Properties announced Thursday it would fully acquire Dubai Creek Harbour, the major development located along the historic Dubai Creek waterfront, from Dubai Holding for a price of AED 7.5 billion ($2 billion) to be paid equally in cash and shares of Emaar Properties, thus making Dubai Holding the second...Alpha Dhabi ups stake in Aldar
After the deal, Alpha Dhabi becomes Aldar's parent company.Twitter throttles Musk bid
It is to ensure that he doesn’t get a controlling stake in Twitter.Elon Musk asks: ‘Is Twitter dying?’
He also called out users who are highly followed but rarely post.Twitter employees to meet Musk
They are concerned about his influence on the company board.Toshiba pauses spin-off plan
The Japanese firm will now weigh the possibility of going private.Investcorp acquires 64 industrial properties in US for US $640 million
The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet comprised of more than 425 buildings.Russia wins latest round of $50bn Yukos case
The Dutch supreme court on Friday scrapped an order for Russia to pay a record $50 billion to former shareholders in dismantled oil giant Yukos, but the legal saga is set to drag on for years more.Investors to sue Boeing’s Board of Directors for 737 crashes
Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of which involved the 737 Max aircraft. Not the least of these was the $2.5-billion fine levied on it by the US Department of Justice in January this year.Tabreed plans to divest its $113.5m stake in Qatar Cool
Tabreed, the Dubai-listed National Central Cooling Company, will divest nearly 44 percent of its stake in Qatar District Cooling Company (Qatar Cool).



















