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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
The State of New York in the U.S has declared December 2, 2021, as “Emirati Day” to mark the UAE’s 50th Independence Day, Zawya reports. The move was announced by Senator Kevin Thomas of New York State, the Dubai-based media Read more
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
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
Japan and the UAE Wednesday agreed on the need for both countries to launch a business council that would “generate added value from joint investments, provide information and services for investors, and encourage communication between relevant government authorities.” This came Read more
Firms in the UAE have until next month to reveal the identity of their real owners as part of the Gulf country clampdown on money laundering, the director of the Anti-Money Laundering Department at the ministry of Economy has told Read more
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
UAE Tuesday said only individuals vaccinated against covid-19 or who can produce a negative PCR test are allowed to attend events in the Gulf country which has begun opening up. Dr. Farida Al Hosani, official spokesperson of the UAE Health Read more
UAE Wednesday amended country’s Commercial Companies Law as it allows investors and entrepreneurs to establish and fully own onshore companies, reports say. “The amended Commercial Companies Law aims at boosting the country’s competitive edge and is a part of UAE Read more
Mamo, a Dubai-based digital wallet and payment platform, has raised $8 million in a Pre-Series funding round, the company said in a statement. The funding led by Global Ventures, will be used initially on developing the company’s service offerings, increasing Read more