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TotalEnergies sells its subsidiary in Brunei for $259mTotalEnergies has reached a deal to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. The trans More… |
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Fogmaker expands global reach through subsidiary in BrazilFogmaker International AB, one of the leading global suppliers of fire suppression systems for machines and vehicles, has announced the launch of Fogmaker Brazil LTDA. This will be Fogmaker’s first subsid More… |
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Nikken Sekkei opens new subsidiary office in DubaiLeading Japanese architectural, engineering, and urban design firm, Nikken Sekkei, one of the world’s largest practices, celebrated the launch of the company’s local subsidiary, Nikken Sekkei Dubai, and new office in Dubai Design D More… |
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Mashreq Bank launches Neopay to consolidate and growMashreq Bank, one of the leading financial institutions in the UAE, has launched Neopay, which will comprise Mashreq’s leading merchant acquiring business, which processes over $22 billion of annualised volume. More… |
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Neom launches new Saudi subsidiary company EnowaMega Saudi project Neom has announced the launch of its new subsidiary company Enowa, which will lead the development of its world-class, sustainable energy and water systems. Work has already begun to pr More… |
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Mubadala's new asset management subsidiary starts operationsMubadala, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $243 billion, has announced the formal commencement of operations of Mubadala Capital as a wholly-owned asset management subsidiary within its Dis More… |
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Union Properties subsidiary's arbitration claims surge to $952mUnion Properties, one of the most notable developers in Dubai, said the claims in an arbitration case filed by one of its subisidiaries have now reached AED3.5 billion ($952 million). This comes as part o More… |
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Gulf Capital sells 74pc stake of PET subsidiaryGulf Capital, one of the largest and most active alternative asset managers in the Middle East, said that its portfolio company, Middle East Glass (MEG), successfully sold a 74 per cent stake in its PET subsidiary, Medco Plast for Packing and Wr More… |
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Raytheon forms new subsidiary in UAERaytheon Company marked its 30-year anniversary of partnership with the UAE by announcing the formation of Raytheon Emirates, a new, wholly owned subsidiary incorporated and headquartered in Abu Dhabi. Raytheon Company is a techno More… |
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Air France unveils trendy new airlineAir France has unveiled a new subsidiary airline named Joon that will specifically target "the young working clientele, the millennials (18 to 35 year-olds), whose lifestyles revolve around digital technology." The new a More… |
