BusinessLatest Business and Company Updates
L’IMAD tightens control over TAQA
Abu Dhabi’s L’IMAD Holding has deepened its grip on TAQA after its subsidiary Abu Dhabi Power Corporation bought a further 8.09 per cent stake in the listed power and water utility, lifting its holding to 98.12 per cent.The transaction, disclosed on Wednesday, involved the acquisition of 9.1 billion TAQA shares
Region
Varenne Capital opens Dubai base for regional push
Varenne Capital Partners has opened a Dubai International Financial Centre office, giving the Paris-based investment manager a regulated foothold in the Emirates as global asset managers deepen their presence in the Gulf’s expanding financial hub.The new entity, Varenne Capital Ltd,
Emirates SkyCargo widens Asian freight reach
Emirates SkyCargo has expanded its freighter network across East and Southeast Asia, adding capacity on key manufacturing corridors as exporters seek faster links to markets across the Middle East, Africa, Europe and the Americas.The Dubai-based carrier said it moved more
Dubai South keeps homes pipeline on schedule
Dubai South is pressing ahead with its 2026 property delivery programme, signalling that long-term housing demand around Al Maktoum International Airport remains strong despite short-term regional uncertainty.The master-planned city and free zone has placed one of its largest residential construction
