BusinessLatest Business and Company Updates
Swiss Skincare Firm Galderma Hits SFr 2.6bn Stake Sale
Shareholders of the Zurich-listed skincare company Galderma Group AG have secured approximately SFr 2.6 billion through a sale of an 8.4 per cent stake via accelerated book-building, making it the largest secondary share placement since the firm’s IPO. The sale by the consortium led by the private-equity house EQT
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Assiut Joins Air Arabia Abu Dhabi’s Egypt Network
Air Arabia Abu Dhabi announced it will launch direct flights between Abu Dhabi and Assiut in Egypt, with service starting on 4 November 2025. The route will operate twice weekly, on Tuesdays and Fridays, using non-stop flights between Zayed International
KKR Deepens Gulf Ties with Stake in ADNOC Gas Network
Global investment giant KKR has acquired a minority stake in the entity leasing Abu Dhabi National Oil Company’s gas pipeline assets, bridging further into the Gulf’s energy infrastructure sphere. The financial terms were undisclosed; key rights and management powers remain
Aldar advances Abu Dhabi housing expansion
Aldar Properties is set to begin construction of nearly 3,000 new homes across Abu Dhabi this year, signalling a significant acceleration in residential supply as population growth, job creation and investment inflows sustain demand across the capital’s prime districts. The