Recent Posts

Hamdan bin Mohammed unveils ‘Dubai Can’ initiative

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday launched ‘Dubai Can’, a citywide sustainability movement designed to inspire people to make a difference through a series of sustainability-focused initiatives. This initiative, which will be implemented by Dubai’s Department of Economy and Tourism, will ...

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Amanat records profit of AED280.8mn in ’21

  Dubai / WAM Amanat Holdings, one of the GCC’s healthcare and education investment company, has announced record financial results for the year ended December 31, 2021, with a total income of AED367.0 million, a significant five-fold increase on the AED70.6 million recorded last year. Strong total income growth translated through to Amanat’s bottom-line, with the company reporting a record ...

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Investcorp acquires 64 industrial properties in the US for $640mn

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Tuesday announced that it has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an all-in value of $640 million. The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across ...

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