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Taqa, Uzbekistan ink deal for $3bn power project

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) has announced a collaboration with the government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector. These opportunities include new and existing power plants as well as associated power infrastructure and collectively could be worth more than $3 billion. A strategic framework agreement and an implementation agreement ...

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President of UAE and Australian prime minister review bilateral ties

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received a phone call from Australian Prime Minister Anthony Albanese, during which the two leaders discussed bilateral relations and opportunities for further collaboration. In addition to exploring ways to build on the strategic partnership between the UAE and Australia, His Highness Sheikh Mohamed bin ...

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Fortress management, Mubadala to buy Fortress Investment Group

NEW YORK / WAM Fortress Investment Group (Fortress) and Mubadala Investment Company, through its wholly owned asset management subsidiary Mubadala Capital (Mubadala Capital), on Monday announced that they have entered into definitive agreements to acquire 90.01 percent of the equity of Fortress that is currently held by SoftBank Group Corp, who have been the owners of Fortress since 2017. Terms ...

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