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Mubadala, BDT bolster ties with acquisition of Culligan

ABU DHABI / WAM BDT Capital Partners (BDT), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (together “Mubadala”), on Monday announced the transaction close of the acquisition of Culligan International (Culligan), the global leader in sustainable water solutions and services. BDT Capital Partners, LLC (BDT), affiliated with BDT & Co, LLC, a merchant bank that provides closely held ...

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Makkah Grand Mosque gets ready to receive Umrah pilgrims

MAKKAH / WAM/ SPA The Technical and Service Authority at the Grand Mosque in Makkah has intensified its preparations for the Umrah season. Sterilisation and perfuming processes of the Grand Mosque and its outdoor parks are going on round the clock to prevent the spread of the Covid-19 pandemic. More than 4,000 workers are sterilising the Grand Mosque and related ...

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ADIB first UAE bank to use facial recognition for account opening

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB), with alignment to the UAE government vision in promoting digital services, announced opening of accounts remotely and digitally. Through secure access to the Ministry of interior’s Facial Recognition verification system, ADIB becomes the first bank in the UAE to perform instant and highly secure verification before opening a new account. ADIB’s ...

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