Cigna Corporation acquires Zurich Insurance Middle East
Cigna Corporation, a global health services company, has announced the acquisition of general insurer, Zurich Insurance Middle East.
Majid Al Futtaim buys Geant hypermarket franchisee
Majid Al Futtaim, the Middle East operator of French retailer Carrefour, has acquired the franchisee of Geant hypermarkets in the UAE, Bahrain and Kuwait.
Engie acquires major stake in Tabreed for AED 2.8 billion
Mubadala Investment Company has agreed to sell a 40% stake in National Central Cooling Company (Tabreed) to Engie, a worldwide energy leader.
Hapag-Lloyd, United Arab Shipping Company complete merger
Hapag-Lloyd and United Arab Shipping Company have completed their merger to become the world’s fifth biggest liner shipping company.
Emaar Malls acquires majority stake in Namshi
Emaar Malls has announced the acquisition of a majority stake in online fashion retailer Namshi for USD 151 million.
Abu Dhabi’s Al Qudra Holding to acquire Al Rayan Investment
Al Qudra Holding, an Abu Dhabi-based real estate and investment company, agreed to buy Al Rayan Investment Company for more than AED 1 billion in stock.
DAE to acquire aircraft leasing company AWAS
Dubai Aerospace Enterprise (DAE) announced the signing of a definitive agreement to acquire 100% of the AWAS group of companies.
The First Investor boosts hotel portfolio in Dubai
Expanding its footprint in the sector, Dubai-based The First Investor, a subsidiary of Al Fardan Group, announced the purchase of the Carlton Downtown.
Sun Chemical acquires majority stake in Ink Products Company
Sun Chemical has acquired a majority stake in Ink Products Company, a leading manufacturer of printing inks in the Arabian Peninsula.