Adnoc, Saudi Aramco will jointly invest in the $44 billion Ratnagiri refinery and petrochemical complex that is coming up in the Western Indian state of Maharashtra.
Ajman-based Gulf Craft, one of the world’s largest luxury ship builders, has appointed Gregory Yeakle to be their new Chief Executive Officer.
KAMCO Investment Company signed a Sale and Purchase Agreement with NCH Ventures, a Bahrain domiciled entity representing the interests of more than 50 financial institutions to acquire a 69.53% stake in Global Investment House.
Gulf Capital has acquired a strategic stake in Geidea Solutions, a provider of electronic payment solutions and financial technologies in Saudi Arabia, for a total transaction value exceeding $267 million.
H.E. Khalid Al Bustani is appointed to the position of Director General of the Federal Tax Authority with the rank of an Undersecretary.
Bosch ends its 2016 fiscal year with AED 1.8 billion in consolidated sales across 14 countries in the Middle East, a slight increase from the previous year.
The UAE has established the Soft Power Council, a reputation management body that will define a comprehensive strategy to reinforce the country’s image.
Barakah One, a subsidiary of ENEC and KEPCO, held its first General Assembly today and announced the members of its Board of Directors.
Fujairah Building Industries posts AED 15 million net profit in 2016, a 114 per cent increase over 2015, and AED 242 million revenue.