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Borouge dividend yield hits 6.7pc, offering big investor returnsBorouge’s financial results for 2024 underline the company’s resilience and profitability, with net earnings of AED4.5 billion ($1.24 billion), marking a 24% year-on-year increase. The company also reported an industry-leading ebitda margin of 41%, More… |
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Alpha Dhabi-Mubadala JV hits $1bn portfolio milestoneLeading Abu Dhabi financial entities - Mubadala Investment Company and Alpha Dhabi Holding - today (March 10) announced that their joint venture, which was launched in 2023, has reached a significant milestone, building a $1 billion portfolio in global credit opportunities. More… |
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Norwegian oil major DNO to buy Sval Energi for $1.6bnDNO ASA, the Norwegian oil and gas operator, today announced it has reached agreement to acquire 100 percent of the shares of rival Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion. The More… |
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Metal Park launches first phase of its Abu Dhabi storage hubUAE-based Metal Park has announced the launch of the first phase of its premium storage hub in Khalifa Economic Zones Abu Dhabi (Kezad). The storage hub will offer world-class storage solutions and support services for businesses in the region. Located in Keza More… |
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Mubadala sells key stake in UK smart meter group CalisenMubadala, the sovereign wealth fund of Abu Dhabi, has announced that it has successfully completed the sale of its indirect stake in Calisen, a leading provider of smart metres and small-scale energy transition infrastructure assets based in Manchester, UK. Mu More… |
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Gulf Air, SalamAir sign key MRO services dealGulf Air, the National Carrier of Bahrain, has announced a strategic partnership with SalamAir, Oman's Low-cost carrier, formalised through a memorandum of understanding (MOU). This MoU will see Gulf Air provide SalamAir with a comprehensive suite of More… |
