ADFD launches Dh1 billion initiative to support UAE companies

Abu Dhabi: Abu Dhabi Fund for Development (ADFD) on Sunday announced a Dh1 billion initiative to support national companies that have seen their businesses affected by the COVID-19 pandemic. The initiative, which lasts for the duration of 2020, provides concessionary loans for national companies operating in sectors crucial to the UAE economy – such as […]

Incubation projects at Dubai SME to get three-month rent postponement

Dubai: The Hamdan Innovation Incubator (Hi2) under Dubai SME has postponed the collection of rents for three months. In addition, there is a fee cut of up to 20 per cent for the Private Office package of Hi2. “Beneficiaries can take advantage of the postponement and focus on developing their project without worrying about finances,” […]

Indian tech company AGC Networks to acquire Dubai based Fujisoft

Dubai: Part of India’s Essar Group, AGC Networks will be acquiring UAE headquartered Fujisoft and its associate companies. The deal is being done through the former’s “indirect” subsidiary, Black Box Holdings registered in Cayman Islands. The proposed deal of the tech company is subject to approval from the departments of economic development in Dubai and […]

“We create products that combine great taste with healthy benefits”

In your capacity as CEO of Nutridor, please share the USP of the brand and a bit of brand history. Nutridor a subsidiary of Tropical General Investment (TGI) group, which has been in operation for the last four decades and continues to expand its presence globally with a vision to become a local player with […]