Browsing: partnerships

Abu Dhabi Investment Office (ADIO) has signed multiple agreements to explore manufacturing opportunities in line with the emirate’s focus on sustainable growth and economic diversification. The agreements were formalised during the Procurement Forum at the first Abu Dhabi Business Week, held from 4-6 December. The forum highlighted the role of the private sector in shaping public sector procurement and driving economic transformation.

The Digital Dubai Authority, responsible for advancing the digital transformation of the Emirate, has entered…

The Fujairah Department of Industry and Economy hosted the Fujairah-Japan Forum, a key event aimed…

Emirates Development Bank (EDB), the primary financial driver of economic growth and industrial progress in the UAE, showcased its unique perspective on financing national development, fostering SME resilience, and adapting to the evolving treasury landscape at the ACT Middle East Treasury Summit 2024, which concluded today in Dubai.

Abu Dhabi state investor Mubadala and CBC Group have agreed to acquire UCB’s Chinese neurology and allergy business for $680M. This deal, expected to close in Q4 2024 pending regulatory approval, includes UCB’s neurology products (Keppra, Vimpat, Neupro) and allergy medications (Zyrtec, Xyzal), as well as the Zhuhai manufacturing site. UCB confirmed that this transaction will not affect its 2024 forecasts.

Investors from Saudi Arabia and the UK are exploring growth opportunities as the Kingdom’s sports sector aims for a market size of $23B.

The UAE aims to enhance its investments in the tech sector and develop assets exceeding $38B in the US.

Etihad Credit Insurance (ECI), the UAE Federal export credit company, organised a workshop to discuss the upcoming phases of the ‘Xport Xponential’ initiative. The goal of the workshop was to discuss the practical elements that will influence the successful execution of the initiative, the expected strategic alliances between stakeholders in the upcoming stages, as well as its role in providing a comprehensive financing environment for local exporters.

Global emerging markets-focused venture capital (VC) firm MSA Novo has signed an agreement with King Abdullah University of Science and Technology (KAUST) to promote innovation and entrepreneurship in Saudi Arabia.

Khalifa Shaheen Al Marar, Minister of State, has led the delegation from the United Arab Emirates participating in the 160th session of the Ministerial Council of the Cooperation Council for the Arab States of the Gulf (GCC), held today in the Qatari capital, Doha.