BusinessLatest Business and Company Updates
Mubadala Acquires Minority Stake in Zelis as Global Expansion Accelerates
Mubadala Investment Company has entered into an agreement to acquire a minority stake in Zelis, a prominent US-based health technology firm. This deal, valued at approximately $1.7 billion, is poised to enhance the UAE-based investment firm's health sector portfolio. The strategic move aligns with Mubadala's long-term goal of expanding its
Region
Majid Al Futtaim Reports Dh1.6 Billion First-Half Profit
Majid Al Futtaim, a leading retail and leisure conglomerate, has reported a robust Dh1.6 billion profit for the first half of the year, reflecting a strong performance across its diversified portfolio. The company's latest financial results showcase significant gains driven
Etihad Rail and ADPIC Forge Coordinated Infrastructure Vision
Etihad Rail and the Abu Dhabi Projects and Infrastructure Centre have entered a Memorandum of Understanding to synchronise infrastructure planning and execution across the Emirate. The agreement, signed on 18 June at the Abu Dhabi Infrastructure Summit 2025, is
Al Mal Capital REIT unveils AED 242 million equity boost
Al Mal Capital REIT, listed on Dubai Financial Market, is launching a follow‑on public offering to raise up to AED 242 million by issuing as many as 220 million new units at AED 1.10 per unit, subject to Securities and Commodities Authority approval.The subscription period
