Tag: UAE Business News
Etisalat, Du raise foreign ownership limits to 49%
UAE telecommunications giant Etisalat and du have secured internal approval to increase the ownership limit for foreign investors from 20 percent to 49 percent.
They...
FAB fully acquires Bank Audi’s Egypt subsidiary
UAE's largest bank First Abu Dhabi Bank (FAB) has signed a definitive agreement with Lebanon-based financial services company, Bank Audi sal (Bank Audi) to...
Dubai stocks surge as UAE pushes ahead with vaccination drive
One of the world’s fastest vaccine rollouts is fueling one of its best stock rallies.
The Dubai Financial Market General Index has risen by around...
Mubadala and Schneider Electric unite to collaborate on sustainability initiatives
Abu Dhabi-based global investor Mubadala Investment Company (Mubadala) and Schneider Electric, the global leader in the digital transformation of energy management and automation have...
Unique Influencers’ platform unveiled by Sharjah’s Shams and OMNES Media
Shams Media Services, a subsidiary of Sharjah Media City (Shams) has associated with OMNES Media, a Dubai-based integrated media and communications solutions company to...
UAE’s Fenix launches subscription-based rental service in Abu Dhabi
Fenix, the micro-mobility startup based in the UAE, is offering a private e-scooter subscription service in Abu Dhabi as it aims to tap into...
UAE-based Tabreed, Masdar expand relations to boost collaboration
UAE-based regional district cooling utility firm, National Central Cooling Company (Tabreed) is expanding its partnership with Abu Dhabi’s leading energy renewable company Masdar, by...
Abu Dhabi-based Agthia acquires majority stake in Jordan’s Nabil Foods
Abu Dhabi-based leading food and beverage company Agthia Group has acquired a majority stake in Jordan's Nabil Foods, which marks its first foray into...
