News

  Abu Dhabi / Gulf Time ADQ, an Abu Dhabi-based investment and holding company, on Monday announced it has entered into a definitive agreement to acquire Birgi Mefar Group (BMG), one of Turkey’s leading producers of sterile injectable products.­ As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes used ...

  Abu Dhabi / WAM Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has been included in FTSE Russell’s FTSE Global Equity Index Series which includes three world-renowned indices – FTSE Emerging Index, FTSE Global Large Cap Index and FTSE All-World Index – as of June 10. FTSE Russell’s indices are used by investors globally to ...

  Kuwait/ WAM The Central Agency for Public Tenders of Kuwait (CAPT) has stated that the agency awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuna that number of awarded tenders has been mounting on an annual basis, however, the total sum of offers reached, in 2020, only 98 ones, worth approx $1 billion, ...

  Dubai / WAM The value of exports and re-exports of Dubai Chamber members grew 28.3% year-on-year (YoY) to reach AED23.1 billion in May 2022, marking the highest level since August 2018. Members’ exports and re-exports amounted to AED104.3 billion between January and May, achieving 15.8 percent YoY growth when compared to the same period last year. Over 291,000 certificates ...

  ABU DHABI / WAM Ewec, the Emirates Water and Electricity Company, has announced that production of desalinated water using low carbon-intensive reverse osmosis (RO) technology from the Taweelah RO facility has reached 50 percent capacity. Taweelah RO, connected to the Abu Dhabi network in December 2021, is now providing 100 million gallons per day of desalinated water, and will ...

Dubai / WAM As part of its strategy to diversify investment opportunities, the Dubai Financial Market (DFM) on Monday launched new equity futures contracts on individual stocks of two of its leading listed companies namely; Dubai Electricity and Water Authority (Dewa) and GFH Financial group. The new launch brings the number of companies that the DFM provides futures’ contracts on ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has announced the completion of the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “FABMISR”. The legal merger and launch of FAB’s new brand in Egypt come after obtaining all required regulatory approvals, including the final ...

  ABU DHABI / WAM Ewec, the Emirates Water and Electricity Company, has announced that production of desalinated water using low carbon-intensive reverse osmosis (RO) technology from the Taweelah RO facility has reached 50 percent capacity. Taweelah RO, connected to the Abu Dhabi network in December 2021, is now providing 100 million gallons per day of desalinated water, and will ...

  Abu Dhabi / WAM Nema Education, the academic arm of Nema Holding (formerly Abu Dhabi University Holding), has acquired 100% interest in Liwa College of Technology (formerly Emirates College of Technology). Liwa College of Technology joins several higher education institutions and professional training companies, including Abu Dhabi University (ADU), Knowledge Group (KG) and Khawarizmi International College (KIC), within Nema ...

  Dubai / WAM Enoc Group, announced on Monday that it has banned single-use plastics across its operations as well as in its head office, to align with the UAE’s vision of promoting an inclusive green economy. In March 2020, the Group announced that it will begin a phase-out of single-use plastics and today it has achieved a 100 percent ...