Recent Posts

DP World signs AED4.15b deal to develop new Senegal port

DUBAI/ DAKAR / WAM Trade enabler DP World, and the Government of Senegal, have signed agreements for the development of a deepwater port at Ndayane, approximately 50 kilometres (km) from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North-West Africa. ...

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Ruler of Sharjah organises Sharjah Museums Authority

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a law concerning the organisation of the Sharjah Museums Authority (SMA). Law No. (7) of 2020 stipulates that the SMA shall enjoy the legal personality and the full capacity necessary to undertake all actions that ensure the achievement of its ...

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Aldar sells two district cooling assets to Tabreed

ABU DHABI / WAM Aldar Properties PJSC has signed an agreement to divest its two district cooling assets on Abu Dhabi’s Saadiyat Island to National Central Cooling Company PJSC (Tabreed) for a total consideration of AED 963 million. Aldar had purchased a 100 percent stake in Saadiyat District Cooling LLC (SDCL) and an 85 percent stake in Saadiyat Cooling LLC ...

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