Netherlands-based paints manufacturer AkzoNobel has signed a joint venture agreement with Oman?s Omar Zawawi Establishment (Omzest) to acquire a 50 per cent stake in its Sadolin Paints business
Technology
Dubai?s DAMAC Properties plans IPO
Dubai-based real estate developer DAMAC Properties has planned to raise US$500mn through an initial public offering on the London Stock Exchange before the end of this year
IDB to set up cheese manufacturing facility in Saudi Arabia
The Irish Dairy Board (IDB), a cooperative enterprise of farmers, has announced plans to build a cheese manufacturing facility in Saudi Arabia, which would serve as its hub in the Middle East and North Africa (MENA) region
Mubadala Real Estate to shift investment focus to US and European property markets
Abu Dhabi?s Mubadala Real Estate has announced that it plans to invest in the US and European property markets by early next year
Huawei partners with DSI to provide turnkey solutions for data centres
Information and communications technology (ICT) provider Huawei has partnered with UAE engineering firm Drake & Scull International (DSI) to provide turnkey solutions to data centres in the Middle East and North Africa (MENA) region