Abu Dhabi–based Agthia Group acquires majority stakes in Egyptian meat producer

The Board of Directors of Abu Dhabi-based Agthia Group, a company operating in food and beverages, has approved the acquisition of majority stakes in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products, Zawya reports. The board 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

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

UAE & Australia launch first Business Council

Australia’s Prime Minister Scott Morrison has inaugurated in Sydney the first ever Business Council between his country and the United Arab Emirates, UAE, with aim of boosting bilateral trade and investment between the two countries, reports say. UAE Ambassador to Read more