Abu Dhabi / WAM The UAE’s Edge group has announced the acquisition of a majority stake in Estonia-based Milrem Robotics, Europe’s leading developer of robotics and autonomous systems. The transaction is the largest foreign investment in Estonia’s growing defence industry. Milrem Robotics will join Edge as a new entity within its Platforms & Systems cluster, complementing the group’s multi-domain …

  Dubai / WAM Under the patronage of the Ministry of Energy and Infrastructure (MoEI), Brooge Energy, a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage, on Wednesday announced a partnership with Siemens Energy, one of the world’s largest energy technology supplier, to develop a plant to produce green hydrogen …

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, announced on Wednesday that it is planning to invest up to $1 billion in the real estate market in the GCC over the next five years. This follows Investcorp’s first real estate acquisition in Saudi Arabia. The investment is a new, state-of-the-art, …