Category Archives: Business & Investments

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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Business & Investments

Experts Appeal for Surge in New Tech and Global Climate Change Ambitions as World Future Energy Summit Opens in Abu Dhabi

  • Greenpeace and Emirates Nature-WWF call for increased urgency as latest deadline for Nationally Determined Contributions outlined in 2016 Paris Agreement edges closer
  • Attendees told net zero impossible without wholesale engagement as 50 per cent of required technologies still in infancy or yet to be developed

Abu Dhabi, January 14, 2025: Three days of high-level debates and product innovation showcases are underway as World Future Energy Summit 2025, the foremost regional event advancing clean energy and sustainability hosted by Masdar and part of Abu Dhabi Sustainability Week, officially opened today at Abu Dhabi National Exhibition Centre (ADNEC).

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Business & Investments

Etihad Rail Launches Region’s First Carbon Emission Avoidance and Reduction Certificates

16 January 2025, Abu Dhabi, UAE: Etihad Rail, the developer and operator of the UAE National Railway Network, has introduced the region’s first-ever “CO2 Emission Avoidance and Reduction Certificates,” an innovative initiative that highlights the environmental benefits of rail transport for its customers.

This significant milestone reinforces Etihad Rail’s role as a key contributor to the UAE’s climate change agenda, aligning with the nation’s Net Zero by 2050 Strategy through a transparent Environmental, Social, and Governance (ESG) framework linked to the UN Sustainable Development Goals (SDGs).

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