IHC acquires a majority stake in Emircom for AED 250 million
ABU DHABI, UAE: International Holding Company (ADX: IHC), the diversified Abu Dhabi-based conglomerate, announced today the completion of a 54% stake acquisition in Emircom, the...
Orascom Construction to develop strategic warehouse in Egypt
DUBAI, UAE: Orascom Construction PLC has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own and operate a strategic warehouse in...
SAFEEN Feeders and Invictus Investment to launch dry bulk shipping service
ABU DHABI, UAE: AD Ports Group’s SAFEEN Feeders has signed a major agreement with Invictus Investment to launch a new international dry bulk shipping service....
Emirates Steel Arkan, ITOCHU and JFE Steel to create green iron supply chain
ABU DHABI, UAE: Emirates Steel Arkan (ESA), the UAE’s biggest publicly traded steel and building materials company, has partnered with ITOCHU Corporation and JFE Steel...
Finance House partners GCC Exchange to offer WPS Payroll Solution
ABU DHABI, UAE: Finance House, one of the UAE’s leading financial institutions, has partnered with GCC Exchange to offer a world-class WPS Payroll Solution. GCC...
ADNOC Drilling Company acquires two additional premium offshore jack-up drilling rigs
ABU DHABI, UAE: ADNOC Drilling Company PJSC has signed a Sale and Purchase Agreement (SPA) to acquire an additional two premium offshore jack-up drilling units...
TAQA secures $1.09bn project financing for Mirfa International Power & Water Plant
ABU DHABI, UAE: Abu Dhabi National Energy Company (TAQA) has announced that the Mirfa International Power & Water Company (MIPCO), the project company that owns...
Emirates and United Airlines expand market presence through new agreement
DUBAI, UAE: Emirates and United Airlines announced a historic commercial agreement today that will enhance each airline’s network and give their customers easier access to...
Tabreed announces official increase of foreign ownership limit to 100%
ABU DHABI, UNITED ARAB EMIRATES: Tabreed, the UAE’s leading district cooling provider, held a General Assembly on 12 September 2022, chaired by Tabreed’s Chairman, Khaled...
Mubadala and TAQA to acquire power plants in Uzbekistan
ABU DHABI, UAE: Mubadala Investment Company (Mubadala) and Abu Dhabi National Energy Company PJSC (TAQA) will each acquire a 40% stake in two gas-fired power...
Ooredoo sells Myanmar Telecom Business at an enterprise value of $576mn
SINGAPORE: Ooredoo has entered into a definitive agreement to sell 100 percent of its equity in Ooredoo Asian Investments Pte Ltd. (Singapore) (OAI), the parent...
Al Seer Marine collaborates with Netbulk to expand worldwide freight services
ABU DHABI, UAE: Al Seer Marine (PJSC), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), has entered into a...