ADNEC Group, a 100% owned subsidiary of Modon Holding today announced that it has signed definitive agreements for the acquisition of 100 percent of the share capital of Royal Catering Services LLC, an Abu Dhabi-based catering service provider.
Category: Economy
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UAE participates in WBG, IMF annual meetings in Washington
The UAE is participating in 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, DC, from 21st to 26th October 2024.
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Masdar, Iberdrola complete wind turbine installation at Baltic Eagle offshore wind farm
Turbine installation has been successfully completed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Abu Dhabi Future Energy Company – Masdar, and Iberdrola, a world leading clean energy company.
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Tahnoon bin Zayed chairs board meeting of Abu Dhabi Investment Authority
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, witnessed the meeting of the Board of Directors of Abu Dhabi Investment Authority (ADIA), which was chaired by H.H.
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Masdar, Presight sign agreement to develop AI asset management tool
Abu Dhabi Future Energy Company PJSC – Masdar has signed an agreement with Presight, a leading big data analytics company powered by generative artificial intelligence (AI), to develop an asset management tool for its renewable energy projects worldwide.
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e& UAE achieves world’s fastest aggregated 5G-Advanced Speed of 62 Gbps
UAE, the telecommunication arm of e&, announced a groundbreaking achievement ahead of GITEX Global 2024 with the fastest aggregated 5G-Advanced Speed of 62 Gbps, making UAE residents the first to experience landmark speeds globally.
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Mubadala’s KELIX bio acquires four GlobalOne Healthcare Holding pharma assets
Following the closing of the acquisition of KELIX bio, Mubadala Investment Company PJSC has empowered its new specialty pharmaceutical business to acquire a 100% stake in four of GlobalOne Healthcare Holding’s (GHH) pharma assets which include Bioventure, Bioventure Healthcare, Gulf Inject and Wellpharma.
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UAE participates in 10th meeting of Anti-Corruption Ministerial Committee of GCC States
Humaid Abu Shabas, President of the Supreme Audit Institution, led the UAE delegation to the 10th meeting of the Anti-Corruption Ministerial Committee of GCC States, held today in Doha, Qatar.
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Borouge transports over 700,000 tonnes of products in first year of Etihad Rail agreement
Borouge Plc announced today that more than 700,000 tonnes of polyolefins had been transported during its first year of operations with Etihad Rail, the developer and operator of the UAE National Rail Network.
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Mariam Almheiri leads UAE delegation at Hamburg Sustainability Conference
On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Mariam Almheiri, Head of the International Affairs Office at the Presidential Court, led the United Arab Emirates’ delegation to the Hamburg Sustainability Conference (HSC).