BusinessLatest Business and Company Updates
Mubadala and Bain seal Service Logic deal
Mubadala Investment Company and Bain Capital have completed the acquisition of Service Logic, a major provider of commercial heating, ventilation and air-conditioning services, marking a significant private equity investment into North America’s building services sector. The transaction, announced on Wednesday, transfers ownership from Leonard Green & Partners and positions the
DP World unveils Dubai Food District revamp
DP World has announced the Dubai Food District, a major expansion and rebranding of the Al Aweer Central Fruit and Vegetable Market, signalling an ambitious push to strengthen Dubai’s role in global food trade and logistics. The project, outlined in
Danube vows jobs shield in Dubai
Dubai-based Danube Group has said it will retain its full workforce and keep salary payments on schedule, with founder and chairman Rizwan Sajan telling staff the company will not resort to layoffs even as businesses across the Gulf navigate the
FAB secures strong demand for five-year bond
First Abu Dhabi Bank PJSC has priced a $750 million five-year senior unsecured Eurobond under Regulation S, drawing strong investor demand and tightening pricing well inside initial guidance as global credit markets show continued appetite for high-grade Gulf issuers.The fixed-rate
