Recent Posts

Amanat records profit of AED280.8mn in ’21

  Dubai / WAM Amanat Holdings, one of the GCC’s healthcare and education investment company, has announced record financial results for the year ended December 31, 2021, with a total income of AED367.0 million, a significant five-fold increase on the AED70.6 million recorded last year. Strong total income growth translated through to Amanat’s bottom-line, with the company reporting a record ...

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Investcorp acquires 64 industrial properties in the US for $640mn

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Tuesday announced that it has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an all-in value of $640 million. The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across ...

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flydubai resumes flights to Istanbul’s second airport

  DUBAI / WAM flydubai, the Dubai-based airline, has announced that it will resume flights to Istanbul’s Sabiha Gökçen Airport (SAW) from March 2 with five flights a week. With flydubai’s daily flights to Istanbul Airport (IST), the airline will increase its flight frequency to Istanbul to 12 flights a week. flydubai’s network in Turkey also includes the capital, Ankara, ...

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