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Abu Dhabi sovereign wealth fund Mubadala has joined US real estate developer Crow Holdings in creating a joint venture to build or acquire $1 billion of industrial properties across the US, reports say. The Dallas-based firm is a leading national Read more
Abu Dhabi-based InsurTech Hala has successfully closed its Series A round at $5 million, MAGNiTT reports. The investment round was led by Entrée Capital, with participation from Mubadala Investment Company, EQ2 Ventures, Global Founders Capital, 500 Startups, and Hambro Perks Read more
Abu Dhabi National Oil Co. (ADNOC) is investing $187 million to expand the production capacity of the Al Nouf oilfield to 175,000 barrels per day (bpd) by 2024 from the current 160,000 bpd, Zawya reports, citing the company. By 2030, Read more
The kingdom of Bahrain and the Abu Dhabi emirates of UAE, Tuesday vowed to continue coordination in efforts to protect international navigation from any threats, Zawya reports citing the state-run media of the small Gulf kingdom. King Hamad bin Isa Read more
Abu Dhabi’s state-owned airport operator has awarded Trojan Holding the construction of Abu Dhabi international airport Midfield Terminal Building after it cancelled the project first granted to a consortium including Turkish airport operator TAV Inşaat. UAE-based Arabtec, TAV Insaat and Read more
Abu Dhabi emirate said it will resume welcoming cruise liners from September 1st after months of the suspension owing to the pandemic. The Department of Culture and Tourism of the emirate, DCT, Arab News notes, indicated that it is in Read more
Gulf Pharmaceutical Industries Manufacturers, Julphar, based in the UAE, has announced it sold its 51 per cent stake in Alpha Pharma, a pharmaceutical manufacturing plant in Saudi Arabia, Zawya reports. The company announced the transaction to be completed in the Read more
Olive Rock Partners, an independent private equity firm based in the Emirati capital of Abu Dhabi, has announced an unspecified investment in healthcare company UEMedical, reports say. The investment described by the firm as a “landmark deal” includes an affiliate Read more
Red Sea Farming, a Saudi agriculture technology startup said Monday it raised $10 million in seeds round to be used for the expansion in the region and for improving facilities. The investors include Saudi Aramco’s (2222.SE) entrepreneurship arm Wa’ed, the Read more
Abu Dhabi-based commercial bank, ADCB, has received an offer to sell its majority stakes in Alexandria Medical Services Company, a public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields, headquartered in Egypt. Read more