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Cinven Teams Up With Abu Dhabi Wealth Fund for KKR’s LGC

(Bloomberg) -- Cinven has teamed up with the Abu Dhabi Investment Authority to weigh a joint bid for KKR & Co.’s scientific measurement and...
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Arabtec Surges Amid Talks to Combine With Abu Dhabi’s Trojan

(Bloomberg) -- Arabtec Holding shares soared in Dubai after the company started talks to merge with Abu Dhabi-based Trojan Holding.The stock advanced as much...
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Global Downturn Is Starting to Gain a Foothold in the Gulf

(Bloomberg) -- Sentiment soured further in the United Arab Emirates as a gauge of business conditions in the second-largest Gulf economy slumped to an...
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dltledgers expands to the Middle East, partners with regional banks

dltledgers is a global platform company with Singapore as its HQ. It is a customer centric platform for cross border trade execution. Several regional...
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Petrofac awarded UK North Sea contract by Hess

Petrofac has been awarded a contract of an undisclosed value by Hess, a leading independent energy company, for the well-plugging and abandonment of four...
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UAE’s Federal Tax Authority rolls out new electronic system for excise...

UAE’s Federal Tax Authority (FTA) has introduced a new electronic system for registering excise goods as part of its plans to further improve excise...
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ADNEC contributes AED 2.3bn to Abu Dhabi’s Economy in H1 2019

Abu Dhabi National Exhibitions Company (ADNEC) and Al Ain Convention centre (AACC) have together contributed AED2.3bn to Abu Dhabi’s economy in the first half...
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Major Gulf markets open higher after Eid holidays

Most major Gulf markets traded in the positive today after returning from the Eid break, according to a Reuters report. Saudi Arabia and Oman...
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DCT Abu Dhabi Announces AED600mn Fund to Attract Entertainment, Business Event...

A specialised fund launched by the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) worth AED 600 million has been announced...
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Mubadala Spends $19 Billion as Fund Expands Into New Industries

(Bloomberg) -- Mubadala Investment Co., an investor in SoftBank Group Corp.’s technology fund, spent about $19 billion last year as the Abu Dhabi wealth fund...
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