ASSETS HIT $226bn
Mubadala, the Abu Dhabi-based investment and development company, reported a group profit of Dh10.9 billion ($2.9 billion) for the first half of 2018, driven by revenues from public equities and petroleum companies.

US-based Braidy Industries has acquired NanoAl, a world leader in the science of nanocrystalline strengthening technology applied to sheet aluminium, as a third wholly-owned subsidiary.

Leading exhibitors from 60 countries will showcase their latest tools at the fifth edition of Gulfood Manufacturing, the Middle East’s largest food and beverage processing forum, to be held later this year in Dubai, UAE.

Pure Storage, an all-flash storage platform that helps innovators build a better world with data, will showcase its vision for the future of infrastructure - a Data-Centric Architecture, at the upcoming Gitex Technology Week, in Dubai, UAE.

The Arab Brazilian Chamber of Commerce (ABCC) has expressed confidence in Brazil's move to enter into a new stage of cooperation with other Arab countries - triangular cooperation.

Airbus, an international pioneer in the aerospace industry, has partnered with new application developers to create secure multimedia solutions for professional communication.

UAE’s Emirates Authority for Standardisation and Metrology (ESMA) has adopted a 22 new standard in the food, oil and gas, chemistry and cosmetics , a media report said.

The first of the new Dubai Metro trains would arrive in Dubai in November and the last one would arrive by the end of October 2019, said the director-general and chairman of Dubai’s Roads and Transport Authority (RTA).

Restrata, a leader in security design consulting and emergency response solutions sector with headquarters in the UAE, has appointed Morgan Rees as the new global head of its Monitoring and Response unit.

Global aerospace pioneer Airbus said its smartphone-tetra device Tactilon Dabat, has won the “Innovative Security Product of the Year” award at Intersec, a leading trade fair for security, safety and fire protection, held recently in Dubai.

Alstom has launched StationOne, the first online marketplace dedicated to the railway sector, connecting professionals whose aim is to improve their operational performance, at InnoTrans in Berlin

SR Technics, a leading maintenance, repair and overhaul (MRO) service provider with major presence in the UAE, has signed an agreement with Skymark Airlines to provide engine MRO services for the Japanese carrier’s CFM56-7B engines.