UAE > JOCIC, a consortium of Chinese firms, invests $300 million in Abu Dhabi Ports

kizid Jiangsu Provincial Overseas Cooperation & Investment Company (JOCIC) has signed a 50 years agreement with Abu Dhabi Ports to initially invest $300 million to lease and develop 0.8 square miles (2.2 square kms) Abu Dhabi port. At Khalifa Industrial Zone Abu Dhabi (Kizad), according to Reuters, Mohamed Juma al Shamisi, Chief executive officer of Abu Dhabi Ports told that this More …

UAE > BP acquires Abu Dhabi Oil Field Stake for $2.2 bn

bp-logo British oil and gas company BP acquires Abu Dhabi Oil Field Stake in a deal worth $2.2 bn. This visionary acquisition will help BP secure new reserves and production for the next decade. After the deal Chief Executive Officer of BP, Bob Dudley said, “It’s time for BP to start growing” as the company starts to recover from the catastrophic oil spill in Gulf More …

UAE > Unilever opens $272.26Mn manufacturing facility in the UAE

unilever-svg British-Dutch multinational consumer goods company, Unilever opens AED 1bn ($272.26Mn) manufacturing facility at Dubai Industrial Park in UAE. The facility is supposed to create 400 jobs in coming months. The company said it will mark products manufactured at the factory with a ‘Made in UAE’ label and will export 80 percent of them to Europe and MENA (Middle East and North Africa) region. More …