A freezone in the UAE sees massive growth and is now home to firms from 100 countries
Company News
Abu Dhabi
Mubadala invested $29bn last year to bring assets to $272bn
A strong year for Mubadala saw investments cross AED1tn in total
Abu Dhabi
Abu Dhabi’s IHC reports $1.2bn Q1 profit
Abu Dhabi’s International Holdings Company has reported a 20.5 per cent increase in profits
American Aesthetics Medical Centre
Super Power Awards return to celebrate industry overachievers
Winners were picked from a broad swathe of fields at the UAE Ministry of Tolerance-backed event, which took place on the grounds of the American Aesthetics Medical Centre
500 Start-ups
Wamda launches fellowship for budding entrepreneurs
The objective of the programme is to ‘bridge the gap’ in the current financing model of regional start-ups
Airlines
Rising oil prices could see Royal Jordanian pursue a hedge
CEO Stephan Pichler said the timing isn’t opportune but hedge, if approved by the board, could help improve profitability
Careem
Careem introduces new roadside assistance service
Partnership with battery replacement and support services company Battmobile is available across Dubai
Flydubai cuts flights to ’emptiest airport in the world’
Last airline to fly to the struggling airport has suspended flights as of June 8
