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THIS MORNING: Masdar exits hydrogen project with OMV + Adia offloads more of Lenskart
Plus: IHC confirms Fount Trust as its ultimate parent
THIS MORNING: UAE to invest EUR 40 bn in Germany. Plus: Odisha’s visit to UAE sees IHC + Adani partner on USD 22 bn in agreements
Plus: Algeria cuts off diplomatic ties with UAE
EGA exports its tech, Keep Converting raises USD 2 mn, Hafeet Rail moves closer, IHC boosts UAE space ambitions, Edge + Safran team up again
UAE aluminium tech heads to India Emirates Global Aluminium (EGA) is exporting something far more valuable than aluminum to India:…
Emirati CEOs claim nearly a third of Forbes Middle East’s Top 100 CEOs list
The Emirati CEOs span sectors such as energy, finance, real estate, defense, utilities, and aviation
2Q results from Adnoc Distribution, Salik, IHC, and Burjeel
Adnoc’s record earnings were driven by higher fuel prices, stronger commercial margins, and fast-growing non-fuel businesses
IHC, Adani tie up for USD 11.5 bn aluminum venture in India
The move marks IHC’s largest single wager yet on India's industrial base, and comes on the heels of another major…
THIS MORNING: Adia cashes in on Innio USD 2.4 bn IPO + IRH passes up Zambia export duty waiver for unprocessed copper
Plus: Midday work ban starts on 15 June
THIS MORNING: Petrofac sells UAE unit to US, UK players + Alec clinches construction contract for The Sphere
Plus: Both IHC and Alabbar are eyeing struggling IFFCO
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