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UAE hopeful for de-escalation between Sudan and Ethiopia

ABU DHABI / WAM The UAE stressed that it is looking forward to the de-escalation of the conflict between Sudan and Ethiopia, noting its concern for the situation in the Al Fasha border area. The UAE also highlighted the key role of both countries in ensuring the stability and prosperity of Africa and the entire region. In its statement, the ...

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Investcorp’s Calligo acquires UK managed services firm

BAHRAIN / WAM Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, announced on Wednesday that its portfolio company, Calligo Holdings Limited, an end-to-end managed data services provider, has acquired Network Integrity Services (NIS). Network Integrity Services is a UK-based IT managed services and technology-led solutions provider with locations in Manchester, Birmingham, Leicester and Hemel ...

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ADX lists Foodco on its Second Market

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced that Foodco National Foodstuff has listed its shares on the exchange’s Second Market under the trading symbol FNF. It is the first company to be listed on ADX this year. Foodco, which imports and distributes food and consumer staples and provides logistics services, listed 280 million shares with a ...

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