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Saudi Arabia’s Public Investment Fund, PIF, has opened three new subsidiary companies’ offices in London, New York and Hong Kong in line with its global expansion plans, reports say. The fund in a statement indicated that new subsidiary companies’ offices Read more
Abu Dhabi-based conglomerate International Holding Company (IHC) has acquired 70 per cent in Arena Events Group PLC for AED 239.8 million dirhams ($65 million), Zawya reports. Syed Basar Shueb, CEO and Managing Director of IHC commenting on the transaction, indicated Read more
The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative led by the UAE and the US with the support of over 140 government and non-government partners has unveiled plans to double its investment commitment to $8 billion Read more
Qatari Prince Abdullah bin Khalifa al-Thani has sold for €200 million ($305 million) his mansion in the French capital to French billionaire Xavier Niel, in a transaction deemed one of the largest ever transactions for private property in the French Read more
Kuwait Airways has increased the number of planes it plans to purchase from Airbus to 31 from 28, the chairman of the company told, Zawya reports. Ma’an Razoq told a news conference in Kuwait City the order includes nine Airbus Read more
Marwan Boodai, Chairman of Jazeera Airways, Monday revealed that the private carrier headquartered in Kuwait is aiming at increasing its fleet to 60 by 2025. The airline currently has 17 jets in operation according to the latest available data on Read more
A set of Kuwaiti firms have pledged to invest $90.6 million in the Eastern Province Municipality in Saudi Arabia to set up entertainment centers and a commercial mall, reports say. The investments are part of two deals signed with governor Read more
Dubai will start at the end of this year the operation of driverless, to become the first city outside the USA to operate such vehicles. Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads Read more
Yahsat Government Solutions, a satellite operator based in Abu Dhabi, has landed a $247.5 million (909.5 million dirhams) contract with the UAE government to provide enhanced services for the Gulf country’s satellite communications capabilities, Zawya reports. “The agreement augments the Read more
Abu Dhabi Ports Group, backed by the sovereign wealth fund ADQ, has partnered with the UAE-based conglomerate Ghassan Aboud Group to set up the region’s largest food logistics center. The future hub will be located in the Khalifa Industrial Zone Read more