Latest news with #AlphaMBMInvestments
The National
24-07-2025
- Business
- The National
Sheikh Mohammed bin Maktoum joins PFL global ownership group
The Professional Fighters League has strengthened its ties with Dubai after announcing Sheikh Mohammed bin Maktoum has joined the promotion's global ownership group. In a statement, the PFL said the latest announcement fortifies the PFL's commitment to expanding its presence in the Middle East and supporting the growth of mixed martial arts across the UAE and the region. 'I am delighted to join the PFL's ownership group as I believe in PFL's global vision to grow the sport of MMA,' Sheikh Mohammed bin Maktoum said in a press release. 'I am excited by PFL's momentum in staging world-class fight events in Dubai and the UAE region.' Sheikh Mohammed bin Maktoum is chairman of Alpha MBM Investments, a diversified investment company based in Dubai with strategic interests across real estate, technology, energy, and sports. The PFL made headlines earlier this year by h osting a landmark event in Dubai, the first of its kind by a global MMA organisation, in partnership with Dubai Economy & Tourism and the Dubai Sports Council. The card was headlined by a thrilling title bout between Russia's Usman Magomedov and Irishman Paul Hughes. PFL International CEO Peter Murray hailed the new partnership: 'Welcoming Sheikh Mohammed to our ownership group is a major milestone. His leadership and expertise reinforce our commitment to the region and will help us further elevate MMA across the Middle East.' The PFL Mena series, now in its second season, continues to unearth regional talent such as champions Abdullah Al Qahtani, Omar El Dafrawy, and trailblazing women's star Hattan Alsaif. In April, Zamzam Al Hammadi, 17, became the first female Emirati to join a lead MMA promotion when she signed with the PFL. The third event of the ongoing PFL Mena season is set to take place in September.
The National
24-07-2025
- Business
- The National
Sheikh Mohammed bin Maktoum bin Juma joins PFL global ownership group
The Professional Fighters League has strengthened its ties with Dubai after announcing Sheikh Mohammed bin Maktoum bin Juma has joined the promotion's global ownership group. In a statement, the PFL said the latest announcement fortifies the PFL's commitment to expanding its presence in the Middle East and supporting the growth of mixed martial arts across the UAE and the region. 'I am delighted to join the PFL's ownership group as I believe in PFL's global vision to grow the sport of MMA,' Sheikh Mohammed bin Maktoum said in a press release. 'I am excited by PFL's momentum in staging world-class fight events in Dubai and the UAE region.' Sheikh Mohammed bin Maktoum is chairman of Alpha MBM Investments, a diversified investment company based in Dubai with strategic interests across real estate, technology, energy, and sports. The PFL made headlines earlier this year by h osting a landmark event in Dubai, the first of its kind by a global MMA organisation, in partnership with Dubai Economy & Tourism and the Dubai Sports Council. The card was headlined by a thrilling title bout between Russia's Usman Magomedov and Irishman Paul Hughes. PFL International CEO Peter Murray hailed the new partnership: 'Welcoming Sheikh Mohammed to our ownership group is a major milestone. His leadership and expertise reinforce our commitment to the region and will help us further elevate MMA across the Middle East.' The PFL Mena series, now in its second season, continues to unearth regional talent such as champions Abdullah Al Qahtani, Omar El Dafrawy, and trailblazing women's star Hattan Alsaif. In April, Zamzam Al Hammadi, 17, became the first female Emirati to join a lead MMA promotion when she signed with the PFL. The third event of the ongoing PFL Mena season is set to take place in September.
Zawya
31-03-2025
- Business
- Zawya
Uganda signs deal with UAE investment firm over oil refinery
Uganda on Saturday signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in crude oil refinery in Kabaale, Hoima District, President Yoweri Museveni's office said in a statement. The country's state-run Uganda National Oil Company will retain the remaining 40% stake in the 60,000-barrel-per-day refinery, according to the statement. Besides the refinery deal, Uganda and UAE investors also signed five other agreements in various sectors. Earlier this year, Uganda's energy minister said the country was in negotiations to develop a planned $4 billion oil refinery with Alpha MBM Investments. The UAE-based investment firm's website says it is led by Sheikh Mohammed bin Maktoum, a member of Dubai's royal family. Discussions on key commercial terms between the Ugandan government and Alpha MBM Investments began on January 16 and had been expected to conclude within three months, according to the Minister of Energy and Mineral Development Ruth Nankabirwa. The 60,000-barrel-per-day refinery is a cornerstone of Uganda's emerging hydrocarbons industry, playing a vital role in the country's energy strategy. (Reporting by Elias Biryabarema; Writing by Chandni Shah in Bengaluru; Editing by Daniel Wallis)
Reuters
29-03-2025
- Business
- Reuters
Uganda signs deal with UAE investment firm over oil refinery
March 29 (Reuters) - Uganda on Saturday signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in crude oil refinery in Kabaale, Hoima District, President Yoweri Museveni's office said in a statement. The country's state-run Uganda National Oil Company will retain the remaining 40% stake in the 60,000-barrel-per-day refinery, according to the statement. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Besides the refinery deal, Uganda and UAE investors also signed five other agreements in various sectors. Earlier this year, Uganda's energy minister said the country was in negotiations to develop a planned $4 billion oil refinery with Alpha MBM Investments. The UAE-based investment firm's website says it is led by Sheikh Mohammed bin Maktoum, a member of Dubai's royal family. Discussions on key commercial terms between the Ugandan government and Alpha MBM Investments began on January 16 and had been expected to conclude within three months, according to the Minister of Energy and Mineral Development Ruth Nankabirwa. The 60,000-barrel-per-day refinery is a cornerstone of Uganda's emerging hydrocarbons industry, playing a vital role in the country's energy strategy.
