UAE-based Julphar relinquishes controlling stakes in Saudi-Arabia-headquartered Alpha Pharma

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

Italy protests against UAE after military aircraft denied passage over territory

Italy has summoned a UAE envoy to the European country to protest against the denial of the Emirati airspace to an Italian military jet carrying journalists attending a ceremony in Afghanistan. The Secretary-General of the Foreign Ministry, Ambassador Ettore Sequi, Read more

Abu Dhabi-based Olive Rock Partners secures stakes in UEMedical

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

Abu Dhabi state investor Mubadala injects $497 million in UK-based IVC Evidensia

Abu Dhabi’s Mubadala Investment Company, one of the investment fund of the UAE, announced Sunday it has invested $497 million into UK-headquartered IVC Evidensia, Europe’s largest veterinary care provider. The sovereign fund in a statement indicated that the investment aligns Read more