Dubai international airport slips out of world’s busiest airports in 2020 top 10 list

Dubai’s international airport has been booted out of world’s 10 top busiest airports, Airports Council International (ACI) 2020 report shows. Ranked third in 2019 report after posting double-digit percentage traffic growth for years, the Emirati airport, is out of the Read more

Abu-Dhabi’s ADQ acquires Egypt-based Amoun Pharmaceutical Co. from Bausch Health Cos.

Abu Dhabi’s third investment fund, ADQ, has acquired for $740 million Egypt-based Amoun Pharmaceutical Co. controlled by Canada-based Bausch Health Companies Inc. Bausch Health Companies Inc. in a statement Wednesday said it reached a deal with ADQ to relinquish its Read more

Bahrain appoints first envoy to Israel

Bahrain’s monarch Hamad bin Isa Al Khalifa Thursday named the country’s ambassador to Israel, several months after both countries normalized ties. Khalid Yusuf Al-Jalahma, the appointee, is the Director of Operations at Bahrain’s Foreign Ministry and former deputy chief of Read more

Messaging app Telegram lands $150m investment from Abu Dhabi-based sovereign investor Mubadala Investment Company

Global messaging app Telegram has secured $150 million in investment from Abu Dhabi-based sovereign investor Mubadala Investment Company, Abu Dhabi Catalyst Partners as the company plans to continue its growth in the region and around the world. Mubadala, Gulf Business Read more