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.
Parkin Company, a leading provider of paid public parking facilities and services, has signed a five-year agreement with Damac Properties to optimise the use of 3,600 parking spaces across Damac’s portfolio of premium developments in Dubai and Abu Dhabi.
Leading developer Modon has awarded an AED1 billion ($272 million) construction contract for the Maysan project on Reem Island, Abu Dhabi. The scope of work includes development of two integrated residential communities featuring 244 townhouses.
Moment Factory, a global entertainment studio known for creating immersive experiences in airports, museums, and public spaces, is opening a regional office in Abu Dhabi. With 25 years of multimedia expertise, it aims to support the UAE’s growth through high-profile collaborative projects.
Abu Dhabi group M42 has announced the opening of Amana Healthcare Bahrain, the first specialised long-term care and rehab hospital of its kind in the country, developed in strategic partnership with Bahrain Mumtalakat Holding Company (Mumtalakat).
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.
BlackRock has announced that it has signed strategic agreements with IHC Group entities - Finstreet Limited and ADI Foundation - to explore initiatives on the development of tokenised markets and next-generation financial architecture.
Abu Dhabi Commercial Bank (ADCB) on Wednesday announced the successful completion of its AED6.1 billion ($1.66 billion) rights issue, following the close of the subscription period on December 4, 2025.
UAE-based Royal Development Holding has entered into a deal with Radisson Hotel Group to develop a premium branded residential project in Abu Dhabi. A major project, Radisson Residences Reem Island is set to redefine waterfront living in the UAE capital.
Leading developer Mered has appointed NSCC International as the enabling works contractor for Riviera Residences, its landmark waterfront development on Al Reem Island in Abu Dhabi featuring more than 400 apartments, 12 exclusive villas and a penthouse.
