Abu Dhabi / WAM AD Ports group on Tuesday announced the merger of Kezad Communities with Al Eskan Al Jamae LLC (EAJ) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports group will retain a controlling majority stake. The combined entity will have an equity value of approximately AED7 billion, positioning it as one of the ...

  Dubai / WAM Dubai International Financial Centre (DIFC) on Tuesday announced that during the first nine months of 2022, the number of FinTech and innovation firms joining DIFC exceeded the total that established operations during the whole of 2021. Between January and September 2022, DIFC-based FinTech firms secured more than AED2 billion ($559 million) of funding, according to DIFC ...

  Geneva / WAM The global aviation sector is set to return to profitability next year for the first time since the coronavirus pandemic broke out in Europe at the beginning of 2020, the International Air Transport Association (IATA) reported in Geneva. In statement carried by Deutsche Presse-Agentur (dpa), the IATA estimated total profit at some $4.7 billion is expected ...