#UK

Aldar to invest $$111m in Europe logistics and storage assets

Aldar, Carlyle to co-invest $111m in Europe logistics and storage assets

The developer will take a majority stake in a co-investment platform, which includes a portfolio of 14 warehouses in the UK

Emirates joins forces with UK in sustainable aviation push Image Emirates X

Emirates joins forces with UK in sustainable aviation push

The Solent Cluster has the potential to create a sustainable aviation fuel plant with an estimated fuel production capacity of 200,000 tonnes (200 kt) per year

RPM Response Plus Medical acquires UK-based Prometheus Medical Image RPM

Response Plus Medical acquires UK-based Prometheus Medical

Following the acquisition, Response Plus Medical is pursuing a robust strategy of integrating all aspects of pre-hospital healthcare services under one umbrella

PureHealth completes acquisition of circle

PureHealth completes acquisition of UK’s largest private healthcare group

Valued at circa $1.2bn before debt, this acquisition firmly positions PureHealth in the global healthcare ecosystem.

Schools

Top schools for expats in Dubai: Here’s a ready reckoner of curricula, locality, and fees

The KHDA releases an annual list of schools and their rankings based on certain metrics such as performance, STEM subjects, development and more.

UK

Has UK economy entered a recession? Q3 data suggest so

UK Finance Minister Jeremy Hunt said the outlook for the economy was not as bad as the updated official figures suggested

UAE’s Masdar to co-develop massive 3GW UK wind farm

The $13.9bn project will consist of two 1.5GW offshore wind farms, with Masdar as a key partner in the project.

Aldar buys UK’s London Square for Dhs1.07bn

Aldar Properties acquires UK developer London Square for Dhs1.07bn

The transaction is expected to have a positive impact on sales, given the opportunities to cross-sell across the two companies’ respective customer base

Manchester City FC reports second year of record-breaking profits Image Supplied

Abu Dhabi-owned Man City reports robust profits

The club confirmed revenues of GBP712.8m and profits of GBP80.4m – nearly double that of the previous year’s record of GBP41.7m

israel flights

Israel: UK, France, US and Australia begin repatriation flights

Various countries worldwide have been rushing to evacuate their nationals due to the rising tensions in the region

Marriott launches all-new Four Points Express by Sheraton brand (Image: Supplied by Marriott International)

Marriott launches all-new Four Points Express by Sheraton brand

It has signed three deals for properties in the UK and Türkiye that will be positioned within its midscale segment

PureHealth to acquire UK’s Circle Health Group for Dhs4.4bn

PureHealth to acquire UK’s Circle Health Group for Dhs4.4bn

The acquisition marks the healthcare group’s foray into the UK , as part of its global expansion programme

uk air traffic

UK air traffic control hit by ‘technical fault’, network-wide delays expected

NATS confirmed that it had experienced a technical glitch which has impacted flights across the country

Heathrow airport trials low-carbon concrete -Image Heathrow Airport Limited

Heathrow is one of world’s first airports to trial use of lower-carbon concrete

As part of Heathrow’s holistic sustainability strategy – Heathrow 2.0 – the airport is committed to reducing on the ground emissions as well as those in the air

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

Female engineer at UAE construction site

UAE construction sector open to state-monitored playbook

The adoption of a monitored playbook approach is expected to drive earlier stakeholder engagement and team collaboration

Lumina’s role is to support UK companies

Lumina Capital appointed registered provider to UK’s DBT

The firm will support UK companies seeking to engage in the Middle East in sectors such as healthcare, renewable energy and technology

UK Business and Trade Secretary Kemi Badenoch

UK Business and Trade Secretary Kemi Badenoch on Gulf states tour

Badenoch’s trip comes as the total trade between the UK and GCC reached a record high of GBP61.3bn in 2022

Octopus Energy Masdar ink deal for UK battery storage

Octopus Energy, Masdar ink deal to manage battery storage in UK

The companies will assess joint participation possibilities in renewable energy and explore collaborative opportunities in renewable energy generation

TAQA invest in clean energy startup

TAQA joins $37.3m funding round for clean energy startup Xlinks

Xlinks will use the proceeds to undertake the development of plans to lay the world’s longest high-voltage direct current subsea cables between the UK and Morocco

DP World Logistics Container

DP World’s investments top $10bn in past decade

The company’s investments in 2022 totalled $320m despite slowing demand for logistics services due to the global economic challenges

EV Chargers

UK set for massive rollout of EV chargers in net-zero push

England’s Surrey County Council and EV-infrastructure company Connected Kerb plan to install 10,000 chargers by 2030

Business travel

These are the world’s 10 most expensive cities for business travel

The survey was based on 2022 data for four-star hotels, meals, laundry and incidental costs

Silicon Valley Bank UK

HSBC acquires Silicon Valley Bank UK for less than Dhs5

The assets and liabilities of the parent companies of SVB UK are excluded from the transaction

Nomo

Digital Islamic bank Nomo launches multi-currency accounts

First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC

Harrods _ Supplied

Interview: Harrods MD Michael Ward on luxe retail trends

The managing director of the UK-based luxury department store shares how the store is adapting to changing consumer expectations, the Luxury for Life initiative and Harrods Hive

Sturgeon

Scotland’s Sturgeon to resign as first minister

It’s unclear when she plans to leave office

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

UAE, UK sign agreement to drive energy sector_photo_wam

UAE, UK sign MoU to drive cooperation in energy sector

The agreement will build cooperation in areas such as environmentally sustainable transportation, sustainable fuels, biomass projects, waste conversion to energy, and carbon capture

Oman’s sovereign wealth fund boosts assets to $41.5bn

The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent