MATSA DEAL LIKELY BY Q1 2022
Australian group Sandfire has reached an agreement with Abu Dhabi-based Mubadala and global commodities trader Trafigura for the acquisition of one its joint ventures, Matsa, a mining company based in Spain, in a deal worth €1.58 billion ($1.85 billion).

Mastercard has launched Strive, a global initiative focused on strengthening the financial resilience of small businesses, with initial commitment of $25 million in philanthropic funding.

The Board of Directors of the newly formed Dubai International Chamber has identified target markets for expanding Dubai’s trade to AED2 trillion ($540 billion) in the next five years.

Bureau Veritas has issued novel design approval for the ‘Panda 93P’ VLGC design developed by Jiangnan Shipyard, a leading Chinese gas carrier builder in the CSSC Group (China State Shipbuilding Corporation).

Nigeria has joined the World Logistics Passport (WLP) as a Hub, with the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) as the coordinating partner.

Gulf Craft, a fully-integrated boat and yacht manufacturer, has solidified its position as the maker of composite superyachts with the Majesty 175 during the 2021 edition of the Monaco Yacht Show.

Rockwell Automation, a global leader in industrial automation and Ansys, an engineering simulation specialist have announced that the enhanced Studio 5000 Simulation Interface now connects with Ansys digital twins.

AD Ports Group has announced that the number of construction and building material sector licences within its Industrial Cities and Free Zone Cluster in Abu Dhabi has risen to 281 in August. The 12.7-millon-sq-m cluster comprises Kizad and ZonesCorp.

Engie, a global reference group in low-carbon energy and energy efficient solutions, has been honoured with a Gold award in the ‘Environmental Sustainability Programme – Large enterprise” category.

Brooge Petroleum and Gas Investment Company (BPGIC) has announced the opening of its second phase 600,000-cu-m storage facility in Fujairah. Work is currently under way on the UAE energy's group's Phase Three facility which will include crude oil tanks.

Dubai-based dnata has been named ‘Ground Handler of the Year’ at the 2021 Air Cargo News Awards. The award, recognised as the preeminent accolade in the air cargo industry, was presented at a gala event in London.

Sabic, a global leader in the chemical industry, and Microsoft have collaborated to create Microsoft’s first consumer electronic product – The Microsoft Ocean Plastic Mouse – with an exterior shell containing 20% recycled ocean plastic.