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, …

  Abu Dhabi / WAM AD Ports group on Wednesday announced its financial results for the 12 months ended December 31, 2022, reporting strong operational and financial performance, with revenue growth of 41 percent year-on-year (YoY) to AED5.5 billion (+23 percent year-on-year to AED4.8 billion organically). The group’s strong results were driven by the performance of its maritime and ports …

  Abu Dhabi / WAM Adnoc and RWE Aktiengesellschaft (RWE) announced on Wednesday the successful delivery of the first shipment of liquefied natural gas (LNG) from Abu Dhabi in the UAE to the Elbehafen floating LNG terminal in Brunsbüttel, Germany. Produced by Adnoc Gas at Das Island, Abu Dhabi, the shipment of 137,000 cubic meters of LNG is the commissioning …