Abu Dhabi / WAM Aldar Properties and Apollo Global Management (Apollo), one of the world’s largest alternative investment managers, signed a landmark commitment that will see Apollo-managed funds and clients invest a total of $1.4 billion in strategic capital in driving Aldar’s transformational growth initiatives. The commitments are structured into a $500 million to invest into a land joint ...

  Abu Dhabi / WAM Al Yah Satellite Communications Company, the UAE’s flagship satellite solutions provider, on Monday announced that its government arm, Yahsat Government Solutions (YGS), has been awarded a AED909.5 million ($247.5 million) mandate to provide enhanced managed services to the UAE government for its satellite communications capabilities. The agreement augments the previous operations and maintenance services provided, ...

Sharjah / WAM Air Arabia on Monday announced a record financial results for the fourth quarter and for full year ending December 31, 2021, despite the prevailing impact of Covid-19 pandemic that continued throughout the year. “Air Arabia reported a net profit of AED720 million for the 2021, a rise of 475% compared to AED 192 million net loss registered ...