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DP World acquires controlling stake in Switzerland’s NovaAlgoma
The transaction is set to wrap up in the coming months
A new pipe manufacturing facility for Abu Dhabi from India’s Jindal Saw
Plus: Enoc + DP World sign emergency response agreement
Another UK school comes to the Emirates
King’s College is coming to Aldar’s Fahid Island
THIS MORNING: Low economic risk this year, Fitch says + Dubai’s first ever tokenized real estate asset was fully funded in the first day
Plus: Private sector eid holiday confirmed
DP World to develop new economic zone at Omani border
The 14 sq km zone, expandable to 25 sq km, will be developed by UAE-Omani JV Mahadha, led by DP…
THIS MORNING: Emirates NBD to set up unit in India + Ex-Magellan trader files complaints over alleged regulatory breaches
Plus: Parkin rolls out monthly subscription packages
Etihad’s acquisition of Boeing aircraft + the UAE’s investments in Africa get ink
While Washington pegged the agreement at USD 14.5 bn, others have it coming in at USD 5.4 bn
THIS MORNING: Masdar in talks with Enel for energy storage in Italy + Brookfield, Temasek, and BlackStone eye Dubai real estate amid soaring demand
Plus: Environmental consultancy offices must now register with EAD
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