ABU DHABI / WAM Multiply Group, an Abu Dhabi-based investment holding company, is acquiring a minority interest in Breakwater Energy for AED367 million ($100 million). This investment comes under Multiply+, the group’s sector-agnostic arm that is more opportunistic in nature. Through this acquisition, Multiply Group will become part owner of a highly profitable and cash-generative, diversified global upstream portfolio with ...

KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE ambassador to Kuwait, met with Sheikh Ahmed Fahad Al Sabah, Deputy Prime Minister and Minister of Defense of the State of Kuwait, wherein they discussed the distinguished relations between the two countries and ways to develop cooperation. During the meeting, Al Neyadi, accompanied by Colonel Mohammed Al Muhairi, Military Attaché of ...

SHARJAH / WAM In implementation of the directives of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to expand Al Tarif Park in Kalba, the Department of Town Planning and Survey in Sharjah has begun to take the necessary measures to implement the directive. The park’s size will increase to more than 27,000 ...