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Taqa, Adnoc, Mubadala enter binding pacts for acquisition of Masdar stake

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa), Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have entered into binding agreements for Taqa and Adnoc to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala. This is a major milestone towards completing the transaction announced late last year by President His Highness Sheikh ...

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G42-AstraZeneca deal to advance life sciences

  Abu Dhabi / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...

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Adnoc identifies $19b of products with local manufacturing potential

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Tuesday it has identified AED70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, Adnoc signed agreements for local manufacturing opportunities worth AED21 billion ($5.7 billion) with UAE and international companies. The agreements, which were signed at ...

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