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ADAFZ grants 200th license

ABU DHABI / Emirates Business Abu Dhabi Airports’ Free Zone (ADAFZ) is thriving as the destination of choice for businesses, as it issues its 200th trade license to NATS. NATS is the UK’s leading provider of air traffic control services. Each year the company handles 2.5 million flights and 250 million passengers in UK airspace alone. In addition to providing ...

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DMCC-India’s Cropdata deal to develop commodities products

DUBAI / WAM Dubai Multi Commodities Centre (DMCC), the Government authority on trade, enterprise and commodities in Dubai, signed a Memorandum of Understanding with Cropdata Technology. Based in Nagpur, India, Cropdata’s mission is to enhance the country’s agricultural sector while improving the lives of its agricultural workers, which comprise some 55 percent of India’s population. The objective of the Memorandum ...

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Dana Gas appoints adviser for $700mn sukuk restructuring

DUBAI / Reuters United Arab Emirates energy firm Dana Gas appointed Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700 million sukuk maturing in October, sources said on Sunday. The company, which has been facing a cash shortage because of missed payments from its assets in Egypt and Iraq’s Kurdistan, announced ...

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