In a major move, ALEC Engineering and Contracting, a part of Dubai wealth fund ICD (Investment Corporation of Dubai), has signed a share purchase agreement to acquire Target Engineering, a leading EPC contractor for marine and industrial construction.
Acquiring Target Engineering further strengthens Alec’s established capabilities in marine and industrial construction while enabling the construction company to mar.
RIYADH: The UAE’s First Abu Dhabi Bank has launched a new sustainability-linked current account for corporate clients in an effort to help companies achieve environmental, social, and corporate governance objectives. As with traditional current accounts, FAB corporate clients will be able to use their sustainable accounts to retain their intraday liquidity for business needs,