Dubai / WAM Dubai International Financial Centre (DIFC) welcomed global payment technology provider Adyen, a company that has a market capitalisation of €66.4 billion and processed over €303.6 billion worth of transactions in 2020. Dutch firm Adyen announced their expansion into the Middle East in November 2020. The company selected the DIFC as the location for its regional headquarters, due ...

Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced the appointment of Mansoor Mohamed Al Hamed as Chief Executive Officer (CEO) of the international oil and gas exploration and production company, which is a wholly-owned subsidiary of Mubadala Investment Company (Mubadala). Al Hamed succeeds Dr Bakheet Al Katheeri, who was recently appointed to an executive leadership position in the newly ...

SHARJAH / WAM Sharjah developer Arada announced the award of a contract to build “Nest”, an integrated student housing complex based at its Sharjah megaproject Aljada. The AED367 million contract was won by Intermass Engineering and Contracting Company, a Sharjah-based contractor with more than 40 years’ experience in the regional construction industry, which has also worked on previous phases at ...