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Aldar Properties, a developer based in Abu Dhabi will build a sustainable city project worth 1.8 billion dirhams ($490 million), as part of its strategy to achieve sustainable development goals, reports say. The company will build 864 units on Yas Read more
Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more
IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more
The UAE and Bahrain will launch on Tuesday a joint nanosatellite to the International Space Station (ISS), Arab News reports, citing UAE state-run news agency WAM. “Light-1 will take off onboard a SpaceX CRS-24 flight on board of a Falcon Read more
Mubadala, one of Abu Dhabi’s sovereign fund, has signed a memorandum of understanding (MoU) with Fincantieri, the Europe’s largest shipbuilder in Europe to develop innovative projects in the naval, marine and industrial sectors, Trade Arabia reports. Per the agreement, will Read more
UAE and Abu Dhabi investment fund, Mubadala Investment Company has acquired 1.9 per cent of Sibur; Russia’s largest integrated petrochemicals company, Zawya reports. The fund did not provide details on the operation, but the investment is the fund’s largest in Read more
Egypt’s Financial Supervisory Authority (FSA) has approved Abu Dhabi-headquartered Aldar Properties’ bid to acquire real estate developer SODIC, Zawya reports citing the Emirati Company. Aldar Properties made the offer to acquire 90 per cent of Al Sheikh Zayed City-based Company Read more
The U.S Tuesday vehemently warned against its allies in the Middle East thawing ties with Syria after UAE foreign minister visited the embattled Syrian leader Bashar al Assad. Sheikh Abdullah bin Zayed led high key delegation of Emirati officials to Read more
Al Dahra, an agriculture firm based in Abu Dhabi, specializing in the cultivation, production and trading of animal feed and human food commodities is set to launch five new animal feed plants in Eastern Europe as part of its expansion Read more
Abu Dhabi Securities Exchange (ADX)-listed healthcare investment and management firm Response Plus Holding (PJSC) is mulling plans to expand domestically and abroad including Ethiopia, India and Oman, Zawya reports. The board of director of the company is expected to meet Read more