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AD Ports exits NMDC through AED 1.6 bn sale to Alpha Dhabi
The sale generated a 17% total shareholder return for AD Ports over three years
Switzerland’s Julius Baer to launch advisory outpost in ADGM
Plus: Air Arabia rolls out London service as of next March
India’s Jindal + Haldiram earmark AED 1.1 bn for Kezad manufacturing push
Plus: Finvasia Group joins NextGen FDI, plans UAE HQ
THIS MORNING: Adnoc eyes Lukoil’s natural gas assets + South Korea joins Stargate UAE
Plus: CBUAE scraps AED 5k salary requirement for all banks
Dar + Trump partner to develop and tokenize hotel in Maldives
Plus: Aster to build two new hospitals with AED 265 mn in financing from Emirates Development Bank
AD Ports Group to acquire a 20% stake in Syria’s Latakia Container Terminal
The transaction is valued at AED 81 mn
AD Ports Group and Nixem to invest AED 3.9 bn in LNG, LPG terminal hubs at Khalifa Port
The project is valued at over AED 30 bn based on projected 50-year multiple revenue streams from the terminals
Hafeet Rail to add new Oman-Emirates freight line
Plus: DP World inaugurates Egypt logistics zone
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