Friday 22 November 2019
 
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Investcorp buys US industrial portfolios for $800m

Investcorp, a leading global provider and manager of alternative investment products, today announced that its US-based real estate team has acquired a portfolio of 126 industrial properties totalling 10.2 million sq ft across five major metropolitan areas through two separate transactions fo

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Dubai Cranes showcases capabilities at Arabal

Dubai Cranes & Technical Services, a subsidiary of Dubai Investments, is participating in the Arab International Aluminium Conference (Arabal) in Bahrain showcasing its capabilities.   With a new team of specialised design engineers and a newly established c

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Bahrain King to inaugurate Alba’s Line 6

Aluminium Bahrain (Alba) said that its Line 6 Expansion Project, one of the biggest brownfield developments in the Middle East region with a capex of approximately $3 billion, will be inaugurated by His Majesty King Hamad bin Isa Al Khalifa on November 24. Speaking during his key

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GCC aluminium industry 'will continue to grow'

The GCC aluminium industry will continue to grow despite the current economic challenges being faced by the global aluminium industry noted leading aluminium producers and manufacturers gathered at the ongoing 23rd edition of the Arab International Aluminium Conference (Arabal) 2019, in Bahrain

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Khalifa Fund showcases 11 projects at first ‘Al Ain Souq’

The Khalifa Fund for Enterprise Development (KFED) has recently kicked off the first edition of ‘Al Ain Souq,’ which will run until November 21, to to support the local small and medium enterprises (SMEs).    This follows its highly successful &

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Mubadala, Khalifa University to expand aerospace collaboation

Mubadala Investment Company, Abu Dhabi’s sovereign investor, and Khalifa University of Science and Technology (KU), a research university dedicated to the advancement of learning through the discovery and application of knowledge, have signed an agreement to expand their industry-leadin

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DP World Sokhna $520m port expansion on track

DP World Sokhna, the principle port for the Suez Canal Economic Zone, said that it is near completion of a major $520 million port expansion project that will bring DP World’s total investment in Egypt to $1.6 billion. The announcement came during 10-year anniversary event

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NBC inks incubation deal with Smart Care International

The National Business Centre (NBC), an initiative of the Public Establishment for Industrial Estates – Madayn, has signed an incubation agreement with Smart Care International. The Omani company is specialised in the telecommunications sector and offers a range of services

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Group 42's Artemis ranks 26th on top supercomputers list

Group 42, the Abu Dhabi-based artificial intelligence and cloud computing company, revealed that its Artemis supercomputer was ranked 26th on the list of world’s top 100 supercomputers as published on November 18, said a report. This is the first time a UAE-based organisati

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Dubai FDI plans global promotional programme

Dubai FDI, the investment development agency of Dubai Economy, has announced its series of government global missions for 2020 with the aim of promoting the Dubai advantages.    The missions reflect Dubai FDI’s strive to support the emirate’s st

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