Category Archives: Business & Investments

Business & Investments

Ajman Bank Appoints Adrian P.L. Hodges as Group Treasurer

Ajman Bank Appoints Adrian P.L. Hodges as Group Treasurer

4 May 2024

Ajman Bank has announced the appointment of Mr. Adrian P.L. Hodges as the new Group Treasurer. With over three decades of robust experience in treasury and global markets, Mr. Hodges brings a wealth of expertise and a proven track record of strategic financial leadership to his new role. Prior to joining Ajman Bank, Mr. Hodges served as the Head of Global Markets Solutions at the Commercial Bank of Dubai, where he played a pivotal role in transforming the bank’s foreign exchange operations into a dynamic, solution-driven global markets service.

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Business & Investments

ADDED partners with TRENDS to enhance research and data intelligence

ADDED partners with TRENDS to enhance research and data intelligence

Abu Dhabi –3 May 2024:

The Abu Dhabi Department of Economic Development (ADDED) and TRENDS Research & Advisory are strengthening the Emirate’s economic competitiveness by enhancing research and data intelligence to accelerate economic growth. 

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Business & Investments

EGA completes acquisition of Leichtmetall, European speciality foundry in high- strength recycled aluminium

EGA completes acquisition of Leichtmetall, European speciality foundry in high- strength recycled aluminium

United Arab Emirates, 3 May 2024: Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, today announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH.

EGA announced its intention in March to acquire Leichtmetall from Leichtmetall Holding GmbH, a subsidiary of an investment fund managed by Quantum Capital Partners GmbH. The transaction has now cleared all required regulatory approvals and closing conditions.

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Business & Investments

HE Dr. Amna Al Dahak Heads UAE Delegation to the 38th Session of the General Assembly of the AOAD in Riyadh

HE Dr. Amna Al Dahak Heads UAE Delegation to the 38th Session of the General Assembly of the Arab Organisation for Agricultural Development in Riyadh

[Dubai, UAE, 3 May 2024]: HE Dr. Amna bint Abdullah Al Dahak led the UAE delegation to the 38th session of the General Assembly of the Arab Organisation for Agricultural Development (AOAD), which concluded yesterday in Riyadh, Saudi Arabia.

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Business & Investments

Hitachi Energy announces over $100 million in modernization and upgrade

Hitachi Energy announces over $100 million in modernization and upgrade of power transformer factory and facilities in Quebec, Canada

  • Projects in Varennes and Montreal partly funded by the Government of Quebec to increase speed to market to meet accelerating global energy transition demand
  • Establishment of a state-of-the-art testing facility for large power transformers, including high-voltage direct current (HVDC) and an engineering and design center will create around 70 jobs, to enable capacity expansion

Aerial View of Hitachi Energy Transformer Factory in Varennes, Quebec

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