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 ...