Emirates NBD has concluded AED 3.9 billion Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro ‘Blue Line’ Project. Dubai Road and Transport Authority (RTA) awarded a consortium of MAPA, LIMAK, and CRRC – the design and...
As part of the Abu Dhabi Chamber of Commerce and Industry's efforts to deepen engagement with entrepreneurs’ small enterprises, identify their needs, and shape more responsive trade policies that support their growth, the Chamber's Al Ain branch launched an initiative targeting enterprises in the ...
Abu Dhabi National Oil Company PJSC (ADNOC) announced today its intention to transfer its 24.9 percent shareholding in OMV AG (OMV) to XRG PJSC (XRG), its wholly-owned international investment company. This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy...
Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The...
Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs Jahez and Rasan. New participants...
Saudi Company for Hardware (SACO) signed today, July 15, a sales agreement for its warehouse located in the Al-Mashael district in Riyadh, with a total value of nearly SAR 140.43 million, excluding real estate transaction tax and brokerage commission. According to a statement to Tadawul, the...
The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term...
In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds has onboarded the National Bank of Ras Al Khaimah (RAKBANK) onto Al Manassah Sukuk Trading Platform. Al Manassah is among the region’s first Sharia-compliant electronic platforms for...
Emirates Global Aluminium (EGA) today announced an agreement to increase its CelestiAL solar aluminium supply to Brembo, the global leader in braking solutions. CelestiAL is EGA’s aluminium made in the UAE using solar power, which significantly reduces the emissions associated with aluminium ...
Etihad Airways has announced seven additional new destinations to further expand its network as part of its ongoing strategy to bring more point-to-point traffic directly to Abu Dhabi. The new destinations - Almaty, Kazakhstan; Baku, Azerbaijan; Bucharest, Romania; Medina, Saudi Arabia;...