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E-commerce in UAE set to hit AED100bn by 2020

ABU DHABI / WAM The UAE has accomplished significant achievements during its transition to a digital economy over the past five years. These accomplishments have helped to reinforce the competitiveness of the UAE’s national economy, according to indexes published by international organisations, including World Economic Forum, which ranked the UAE as the leading Arab and regional e-commerce centre in 2017. ...

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AED474 million projects on track for Abu Dhabi Police: Musanada

ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, revealed that work is progressing as planned in line with the agreed schedule in eight new building projects for Abu Dhabi Police General Headquarters totalling AED474 million. The projects include construction of the Civil Defence Centre at Al Falah region, three police stations at Al Falah, Al Saadiyat and Al ...

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Shuaa Capital expands footprint with acquisition of Kuwaiti firm

DUBAI / WAM Shuaa Capital announced the commencement of its post-acquisition integration and consolidation efforts with Kuwait based Amwal International Investment Company, Amwal, following the completion of the public tender process. The acquisition of Amwal aligns with Shuaa’s vision of delivering long-term shareholder value, in addition to the prospects of meaningful synergies between Shuaa Capital’s existing capital markets business and ...

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