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Aldar-ADQ consortium offers to buy 90% stake in Egypt’s Sodic

ABU DHABI / WAM A consortium comprising Aldar Properties (Aldar) and ADQ has submitted for approval by the Egyptian Financial Regulatory Authority (the FRA) an all-cash mandatory tender offer (MTO) for up to 90 percent and a minimum of 51 percent of the outstanding share capital of The Sixth of October for Development and Investment SAE (SODIC or the Company) ...

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Mashreq, Dafza sign deal to enhance SME growth

DUBAI / WAM Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support and grow the ecosystem of services available to small and mid-size enterprises (SMEs) setting up in the zone. The MoU will ensure Dafza businesses have access to a wide variety of initiatives including API integration, as well as banking services ...

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Expo 2020 Dubai to open new, immersive world for families

DUBAI / WAM Expo 2020 Dubai will open up a whole new, immersive world for families — a magical place that merges the fantasy of a vivid imagination with the reality of a world that needs everyone’s help, where children will encounter breakthrough new discoveries, explore world’s ecosystems and learn important lessons about our planet and humanity. Magical mascot shows, ...

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