UAE business leaders expect rush of FDI after Cabinet decision

Business leaders across the UAE spoke about the expected impact of the opening of 13 sectors to 100 per cent foreign ownership. Vijay Valecha, Chief Investment Officer, Century Financial, said: “At a very holistic level, this law along with previously enacted laws like Bankruptcy & Commercial companies’ law are bound to further enhance the overall […]

DP World picks up Topaz for $1b

Dubai: DP World has picked up full ownership of UAE-based Topaz Energy and Marine Ltd. in a $1.079 billion deal. The latter manages a fleet of 117 vessels servicing clients in the energy industry, with its core operations being in the Caspian Sea, the Middle East and North Africa territory, and West Africa. Topaz’s clientele […]