Abu Dhabi / WAM AD Ports Group on Thursday announced that it had signed an agreement to acquire an 80% equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company. The total purchase consideration for the 80% stake amounts to AED2.9 billion ($800 million), implying a 100% Enterprise Value of AED3.7 billion ($1.0 billion), with the acquisition ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the Supreme Council Members, Their Highnesses Rulers of the Emirates, along with their grandsons, on Thursday raised the UAE flag nationwide on the occasion of the ‘’UAE Flag Day” marked annually on November 3. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

Abu Dhabi / WAM Abdulla Mohamed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI), highlighted the importance of the current edition of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec). Al Mazrui said, “This year’s edition of Adipec consolidates the UAE’s leading position in the global energy sector and the country’s significant role in confronting ...