Abu Dhabi / WAM The profit of Mubadala Development Company (Mubadala) the Abu Dhabi-based investment and development company, increased AED 3.3 billion for the year 2016 from AED 1.2 billion in 2015 and the revenues to AED 31.5 billion from AED29.7 billion. This is primarily due to higher revenues from companies within Mubadala’s semiconductor, aerospace and healthcare portfolios, according to …

  Dubai / WAM A New York architecture firm has unveiled designs for a skyscraper that is out of this world! Deemed the ‘world’s tallest building ever’, Analemma Tower is shown by Clouds Architecture Office (COA) suspended from an orbiting asteroid – and the only way to leave is by parachute. It is estimated that it would be cheaper to build …

  Abu Dhabi / WAM The Ministry of Economy discussed prospects to boost industrial, investment and trade cooperation with Turkey, Brazil and El Salvador on the sidelines of the Global Manufacturing and Industrialisation Summit (GMIS) in Abu Dhabi. Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry met Dr Hassan Ali Silik, Deputy Minister …