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DP World acquires controlling stake in Switzerland’s NovaAlgoma
The transaction is set to wrap up in the coming months
Nasdaq-listed DeFi Technologies lands in DMCC
Plus: New Tanzania-Dubai air cargo link
AD Ports and China’s Ningbo Zhoushan Port partner on auto logistics
The partnership will establish roll-on/roll-off terminals at both companies' port hubs
Flydubai breaks ground on USD 190 mn MRO hub in Dubai South
Plus: Abu Dhabi’s Knowledge Group acquires corporate training firm Biz Group
Aldar Properties acquires AED 530 mn in leasable warehouse space at Abu Dhabi’s Almarkaz Industrial Park
The firm is acquiring the 182.5k sqm plot of net leasable land from Waha Capital.
Global South Utilities plans 250 MW renewables projects in Madagascar
Plus: New feeder funds + sukuk fund in DIFC
THIS MORNING: Fuel prices up in July + Joby Aviation completes first air taxi test flight in Dubai
Plus: DFM hits 17-year high
How much of the UAE’s oil flows through the Strait of Hormuz, and what are the alternatives?
Adnoc exports nearly half of its oil through the strait
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