All posts by uaenews247

Business & Investments

Mubadala’s KELIX bio Acquires DiabTec LLC, Bolstering Its Position in MENA’s Life Sciences Sector

  • A strategic move that further supports Mubadala’s efforts to advance the UAE’s life sciences sector
  • Following the acquisition of four GlobalOne Healthcare Holding assets, this transaction represents the fifth strategic acquisition by KELIX bio since being acquired by Mubadala in March 2024

Abu Dhabi, 16 January 2025: KELIX bio, wholly owned by Mubadala Investment Company “Mubadala”, an Abu Dhabi sovereign investor, has completed the acquisition of DiabTec LLC, a subsidiary of Julphar. This acquisition strengthens Mubadala’s portfolio of biologicals, establishes its role in biomanufacturing across the MENA region, and supports its efforts to advance the UAE’s life sciences sector through local manufacturing.  

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Business & Investments

AD Ports Group Expands Cooperation withKazakh Partners

Abu Dhabi, UAE – 16 January 2025: Noatum Maritime, the Maritime & Shipping arm of AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has strengthened its collaboration with Kazakh partners by signing Heads of Terms with Kazakhstan National Shipping Company – KazMorTransFlot (KMTF), a subsidiary of KazMunayGas, the Kazakh National Oil Company, to expand operations in the Caspian Sea region.

The two parties intend to collaborate on the construction of two container vessels, specifically designed for operations in the Caspian Sea, each with a capacity exceeding 500 TEUs. These relatively larger (to existing capacity in the Caspian Sea), modern shallow draft vessels would offer enhanced turnaround times and provide increased capacity, while advanced cargo handling systems would support improved scheduling and operational efficiency.

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Business & Investments

ADNEC Group signs Solar Power Purchase Agreement with Positive Zero to accelerate clean energy transition

Abu Dhabi, 16, January 2025: ADNEC Group, a Modon Company, an international leader in managing and developing strategic assets, exhibitions, and events, today announced the signing of a Power Purchase Agreement (PPA) with Positive Zero, the Middle East’s leading decarbonization and energy transition provider, for the installation of a Solar Photovoltaic (PV) system on the roof of ADNEC Centre Abu Dhabi.

The agreement was signed during the World Future Energy Summit at ADNEC Centre Abu Dhabi by Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, and Mohammed Abdulghaffar Hussain, Chairman of Positive Zero. The signing was witnessed by key representatives from both organisations.

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Featured

Xposure 2025: A global celebration of visual arts featuring 349 creative events from February 20-26 in Sharjah

420 from the world’s finest visual artists & storytellers gather for the 9th edition of Xposure International Photography Festival to create unforgettable experiences 

  • Xposure moves to a spectacular new venue in Aljada covering 49,000 square metres, featuring cutting-edge galleries, interactive installations, and theatres.
  • The 9th edition of Xposure International Photography Festival brings 84 hours of programming over seven days
  • More than 98 exhibitions and 72 workshops to be presented, alongside 50 talks
  • Xposure Awards 2025 to recognise talent across 17 categories, including the coveted Overall Winner accolade and special honours for photojournalists and filmmakers.
  • Xposure’s film programme will include over 58 screenings, complemented by a Conservation Summit and a technology showcase from brands.
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