News

ABU DHABI/WAM Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 million. The assets, which are located at ALMARKAZ Industrial Park – a flagship Industrial and Business Park Development – add 182,500 sqm of net leasable area (NLA) to Aldar Investment’s income-generating logistics portfolio. The freehold ...

ABU DHABI/WAM AL TAIF, the leading provider of maintenance, repair and overhaul (MRO) services and an entity of EDGE, one of the world’s leading advanced technology and defence groups, has signed a Memorandum of Understanding (MOU) with ST Engineering Land MRO & Services, a Singapore-based global technology, defence and engineering group. The preliminary agreement was signed by Rashed Al Kaabi, ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a delegation from the UAE Pilgrims’ Affairs Office and affiliated committees responsible for supporting Emirati pilgrims during this year’s Hajj. The meeting took place at Qasr Al Bahr in Abu Dhabi. His Highness praised the Office’s efforts in delivering comprehensive support to UAE pilgrims, from their ...

ABU DHABI / WAM Modon has announced the launch of Wadeem, its first residential plots release on Hudayriyat Island to offer discerning buyers the opportunity to design and build their own homes in one of Abu Dhabi’s most desirable emerging locations. Set opposite Abu Dhabi’s Al Bateen area, Wadeem features more than 1,700 plots, each with ample room for a ...

DUBAI / WAM Autoworld International FZCO, the regional distributor for India’s Bajaj Auto Ltd, has announced an investment of AED45 million to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability to serve rapidly growing markets across Africa and the Middle East. The agreement was officially signed in the ...

ABU DHABI / WAM Mubadala Investment Company announced its agreement to acquire a 30 percent stake in Loscam International, a provider of pallet pooling and returnable packaging solutions across the Asia-Pacific region. Mubadala will join the existing shareholder group alongside Trustar Capital, the private equity affiliate of CITIC Capital Holdings Limited; FountainVest, one of Asia’s leading independent private equity firms; ...

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed cooperation between the UAE and the International Atomic Energy Agency (IAEA), as well as ways to enhance it across various fields, during a phone call with IAEA Director-General Rafael Grossi. During the call, H.H. Sheikh Abdullah reiterated the UAE’s support ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Paul Kagame of the Republic of Rwanda on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today announced the appointment of Saeed Mubarak Rashid Al Hajeri as Chairman of the Board of Directors of the Emirates Drug Establishment. Al Hajeri brings a wealth of experience and expertise to this critical role. ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Félix Tshisekedi of the Democratic Republic of the Congo on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...