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Kuwait’s Q8 to acquire 50% stake in Italian firm EcoFox

Kuwait Petroleum International (KPI), Q8’s Italian branch has stated that it has signed an agreement to purchase a 50 percent stake in Italian biodiesel...

Alujain to sell 35% stake in NATPET for $500mn

Alujain Corporation has signed an agreement with Basell International Holdings, a subsidiary of LyondellBasell Industries, to sell a 35 percent equity stake in its...

SNASCO to acquire leading UAE hospitality chain Shakespeare and Co.

Dubai-based SNASCO Investments has announced its acquisition of homegrown hospitality chain, Shakespeare and Co. along with its 32 stores and eight franchise businesses in...

SAFEEN Offshore acquires new vessel to expand subsea service capabilities

Abu Dhabi-based SAFEEN Feeders’ offshore division, SAFEEN offshore has acquired a support vessel to enhance the Group’s subsea service capabilities. Built in 2014, the vessel...

UAE’s IHC offers $2.8bn to acquire stakes in Colombian food giant...

The International Holding Company (IHC), UAE-based investment giant, has officially received the authorization from the Colombian Superintendency of Finance for its subsidiary, IHC Capital...

Abu Dhabi’s Mubadala Capital acquires US-based snack food maker TruFood

Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign fund Mubadala Investment Company, has acquired US-based snack food contract manufacturer, TruFood Manufacturing (TruFood),...

QatarEnergy inks agreement with QEWC to fully acquire Siraj Energy

QatarEnergy, a state-owned petroleum company, has signed a share sale and purchase agreement with Qatar Electricity and Water Company (QEWC) in order to acquire...

UAE’s Hotpack Global adds AHP to its packaging product portfolio

Hotpack Global, the Dubai-based largest food packaging manufacturer, has acquired Al Huraiz Packaging Industry (AHP), a leading corrugated carton manufacturer in the UAE. Located in...
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