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Abu Dhabi Ports, Emiroll to build AED440mn plant

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Ports signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC) and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on a 83,554.58 square metre plot ...

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Mohamed reshuffles ADAC’s board

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has issued a resolution reshuffling the board of directors of Abu Dhabi Airports Company and appointing Awaida Murshed Ali Murshed Al Marar chair of the new board. ...

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Emaar, Saudi PIF to set up $1bn e-commerce firm

  Bloomberg A group of investors led by Emaar Properties PJSC Chairman Mohamed Alabbar and Saudi Arabia’s sovereign wealth fund will each contribute $500 million to an e-commerce venture to tap the Middle East’s fast-growing online retail market. E-commerce firm Noon will go live in January and provide 20 million items for customers, Alabbar said at a news conference in ...

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