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Emirates Global Aluminium (EGA) mandated Bank of America Merrill Lynch, Goldman Sachs and JP Morgan to advise on its initial public offering, sources familiar with the situation have said. The three banks, which were mandated as joint global coordinators, declined to comment. One source said the company had earnings before interest, tax, depreciation and amortisation (EBITDA) of at least $1.5 billion and that its closest publicly traded […]

Dubai, UAE, 27th March 2017 Emirates Integrated Telecommunications Company PJSC (“du”) today held its General Meeting at Al Salam Tower, Dubai Media City, where the proposed final dividend of AED 0.21 per share for the 2nd half of the fiscal year ending 31 December 2016, was approved, bringing the annual dividend payment for 2016 to AED 0.34 per share. This includes an AED 0.13 per share interim […]

When it comes to renewable energy in Saudi Arabia, there still remains more than a hint of scepticism. Multi-billion dollar plans have come and gone and the kingdom has made little progress developing renewable energy capabilities to harness its advantageous climatic conditions. In 2010, the King Abdullah Centre for Atomic and Renewable Energy (KA-Care) was established to develop the country’s renewable and nuclear capabilities, as the country […]

Strata Manufacturing, the advanced composite aero-structures manufacturing company owned by Mubadala Development Company, has signed an agreement which will look at using 3D printing technology to create aircraft parts. The deal inked with India’s Reliance Defence Limited is part of plans to collaborate on advanced aerospace manufacturing capabilities between India and the UAE. The agreement continues to deepen the bilateral ties developed between the UAE and India […]

A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate’s biggest funds, is expected to start operating in May, its chief executive said on Thursday. Mubadala Investment Co is being formed through a merger of Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors in the United Arab Emirates and around the […]

ABU DHABI // Fatima Al Marzouqi is helping to steer the next generation of Emiratis toward careers in science, technology, engineering and maths. As head of Mubadala’s education and training division, she plays a crucial and direct role in developing academic programmes that introduce pupils to Stem, and professional training opportunities that offer students and recent graduates hands-on experience with major engineering and manufacturing companies at home […]

NRL builds on its 2016 accreditation success by being thought leaders at key medical and laboratory events in 2017, including Arab Health and MEDLAB – two of the largest healthcare congresses in the world and a UAE-first event held in collaboration with the Clinical and Laboratories Standards Institute (CLSI) NRL builds on its 2016 accreditation success by being thought leaders at key medical and laboratory events in […]

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Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes in the energy industry and other sectors across the world. The new […]

Bernie Dunn may have retired from the US Army but he remains on a mission in the Middle East. The Boeing regional president hit a bullseye on December 11 when his team secured an $8 billion deal with Iran Air in the airline’s first plane contract since 1979. The world’s largest aerospace manufacturer beat out its French rival, Airbus, by 11 days. Though Airbus then secured 20 […]

130 entries from more than 40 nations discussed the most critical solutions to mitigate climate change risks over the next decade 14 January 2017 Abu Dhabi, UAE – Masdar, Abu Dhabi’s renewable energy company, has announced the winner of its fifth annual Engage Social Media Contest. This year’s contest received 130 entries, a record level of participation in the five years of this competition, with submissions coming […]

Abu Dhabi-based Mubadala Development Co is reportedly mulling plans to commit up to $15 billion to partner with a new fund to invest in global technology. Bloomberg reported that Mubadala is looking to partner with SoftBank Group Corp and Saudi Arabia’s Public Investment Fund in the SoftBank Vision Fund which is set to close in January and will be capped at $100 billion, citing people familiar with […]

On an episode of the popular television show House of Cards, the American president, played by Kevin Spacey, announces an initiative to create 10 million jobs in America, where anyone who’s unemployed and wants a job will get one. In a speech, he says: “Entitlements have crippled the country. Let me be clear, you are entitled to nothing; you build your future, it isn’t handed to you”. […]

|By Arabian Post Staff| French alternative investment firm Ardian is in talks to take a stake in Mubadala Development Co.’s $2 billion private equity portfolio, Bloomberg reported quoting sources. Bottom of Form Under the terms being discussed, according to Bloomberg, the Abu Dhabi sovereign fund would place the assets into a new vehicle, and Ardian would buy a 50 percent stake for about $1 billion. The French […]

Abu Dhabi, United Arab Emirates; December 30, 2017  As the 10th anniversary year of Masdar, Abu Dhabi’s renewable energy company, draws to a close, industry watchers can reflect on 12 months that have marked a historic milestone for the company and a pivotal moment for the renewable energy sector as a whole. During the decade since Masdar was established, the UAE has cemented a global reputation for […]

Post-Millennials in the Kingdom of Saudi Arabia call for more investment in clean energy – mirroring actions being undertaken as part of Government’s Vision 2030 Abu Dhabi, United Arab Emirates, December 28, 2016 ­­ Ambitious plans set out by the Kingdom of Saudi Arabia for the deployment of renewable energy are strongly aligned with the hopes and ambitions of the country’s young people, according to global research […]

Your daily guide to community and cultural activities across the Emirates for December 28, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Dubai Art exhibition See the exhibition As If Anything Here Belonged To You, in which artist Cecilia Fattorini presents works about our impact on the world, sourcing her subject matter from the rhythms and […]

Although students at Abu Dhabi’s Future Rehabilitation Centre achieve varying degrees of independence after they graduate, the ideal is to land a job. One such graduate to have achieved this is Eid Al Shamsi, a 21-year-old Emirati who is now working at the Ministry of Interior’s human rights department. When he was a boy, Mr Al Shamsi had initially been enrolled in a private school, where he […]

State investment fund Mubadala Development Co will control a 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO), a spokesman said on Monday. The firm became the second Western oil major to renew a 40-year onshore concession in Abu Dhabi on Saturday after almost two years of negotiations to improve terms to help […]

BP cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions. The U.K.’s second-biggest oil group will issue new ordinary shares to pay for 10 percent of the Abu Dhabi Company for Onshore Petroleum Operations Ltd., giving the emirate a 2 percent holding in BP, the London-based company said […]

Your daily guide to community and cultural activities across the Emirates for December 10, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screenings Enjoy two films as part of the Cinema Space screenings at Manarat Al Saadiyat. Tales of the Night is a 2011 family-friendly animated film by Michel Ocelot that tells six […]

16.6MW of new solar power generation capacity doubles UAE’s total contribution to Mauritania’s clean energy output Abu Dhabi, UAE, 29 November 2016  Eight new rural solar energy projects have been completed, and are now operational, across the Islamic Republic of Mauritania, in western North Africa, doubling the UAE’s total contribution to the country’s clean energy capacity to 31.6 megawatts (MW). Delivered by Masdar, the Abu Dhabi Future […]

Sheikh Mohammed bin Zayed Al Nahyan Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and Khaldoon Khalifa Al Mubarak, CEO and Managing Director of Mubadala and Chairman of the Abu Dhabi Executive Affairs Authority, meet with Bernie Ecclestone, President and CEO of Formula 1, on the second day the 2016 Formula 1 Etihad Airways Abu Dhabi Grand Prix. Ryan Carter / Crown […]

Zayed Future Energy Prize leads discussion on innovation for sustainable development in UAE during Innovation Week in Masdar City Abu Dhabi-UAE: 24 November 2016  The Zayed Future Energy Prize convened a majlis of business, science, technology and youth leaders in Masdar City today, to explore ways in which innovation can unlock potential in the economy to sustainably deliver on the goals of the UAE Vision 2021. Entitled […]

ABU DHABI // Youths from across the Emirates met on Monday to dream up plans for unmanned vehicles capable of saving lives in an emergency situation, and build models of them. The Make It engineering and manufacturing competition, hosted at Khalifa University by Mubadala and the Abu Dhabi Education Council, challenged 95 public and private school pupils to develop a business strategy around their prototypes. Pupils had […]

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