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Mubadala takes 1.9% stake in Russia’s Sibur

Abu Dhabi / WAM Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $243 billion, on Wednesday announced its largest investment in Russia, the acquisition of a 1.9% stake in Sibur, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in global petrochemicals. Founded in 1995, Sibur is the ...

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UAE, Colombia ink deal to boost air transport ties

BOGOTA / WAM The UAE, represented by the General Civil Aviation Authority, and the Republic of Colombia signed a memorandum of understanding (MoU) to strengthen the air transport relations between the two countries on the sidelines of the ICAO Air Services Negotiation Event (ICAN2021). Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority, and Jair Orlando Fajardo Fajardo, ...

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Business forum in Abu Dhabi highlights strong UAE-Saudi ties

ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of the Federation of the UAE Chambers of Commerce and Industry, said that the historic relations between the UAE and Saudi Arabia are deep-rooted and are a prime example of the best forms of cooperation on the highest levels,” said. This came during the UAE-KSA Business Forum held in Abu Dhabi ...

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