Dubai International Financial Centre (DIFC), a leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has registered its 100th hedge fund, reflecting its dominance in the sector and successful journey to becoming a top five global hub for the industry.
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today announced its intention to launch a cash Mandatory Tender Offer (MTO) to acquire an additional stake in Alexandria Container & Cargo Handling Company (ALCN).
The GCC Interconnection Authority (GCCIA) and the Sustainable Energy organisation signed a memorandum of understanding (MoU) to establish a framework for cooperation in scientific research, energy efficiency, sustainability, and specialised events organisation.
IHC, a global investment company based in Abu Dhabi, has announced that it has increased its shareholding in Invictus Investment Company, a full service commodity trading company, to 40% through the acquisition of 196 million shares.
UAE-based Azizi Developments has signed a 50-year lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad) representing an investment value of AED2 billion ($544 million). The newly leased plots, spanning nearly 440,000 sq m, will accommodate 12 factories.
Kerry, a leading Irish sustainable taste and nutrition solutions company, has signed a long-term lease deal with Expo City Dubai to set up its new Regional Customer Co-Creation Centre. The new Kerry facility will serve as a major research and development centre.
DP World has announced the launch of a new 36-hour maritime service between Dubai’s Mina Rashid and Iraq’s Umm Qasr Port, providing a faster alternative to overland trucking and accommodating up to 145 accompanied trailers per sailing.
UAE's leading agri-tech food company Silal said its innovation Oasis (iO) has signed a landmark collaboration agreement with Square Roots, a global agritech company specialising in modular controlled-climate farming and AI-powered cultivation systems, to advance climate-smart desert farming.
Dubai-based Legend Holding has entered into an agreement with Jebel Ali Free Zone (Jafza) to set up its regional headquarters and logistics complex on a 1 million sq ft area. Construction will be delivered in two phases, starting with space for 5,000 vehicles in April.
Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to expand the emirate’s role as a global capital hub. By 2045, FIDA is projected to contribute an additional $15.2 billion to the emirate's direct GDP.
