Jaleel Holdings, one of the leading UAE-based investment companies, has opened its new AED 90 million facility at Dubai Industrial City, a member of TECOM Group PJSC. As a part of the region’s largest industrial hub, the facility comprises the latest store of UAE’s largest consumer goods wholesaler, Jaleel Cash & Carry and the integrated […]Read More
The Sharjah Entrepreneurship Centre (Sheraa), has announced two exciting opportunities for emerging entrepreneurs and startups to pitch their ideas to investors from a range of sectors during the 6th Sharjah Entrepreneurship Festival (SEF). SEF 2022 will be held at the Sharjah Research Technology and Innovation Park from December 17th to 18th under the theme of […]Read More
In the presence of Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, the Abu Dhabi headquartered Lulu Group has signed a Memorandum of Understanding (MoU) with Elite Agro Holding to procure and promote the locally grown vegetables, In addition to launching “Khair Al Emarat” to promote local agricultural products. The MoU was […]Read More
Amazon UAE today announced the signing of an agreement with LuLu Group, which aims to deliver an elevated online grocery offering for customers in the UAE, paired with both fast and convenient delivery options. The new relationship will see both companies work together to deliver a seamless online grocery shopping journey backed by a broader […]Read More
Dubai Airports has upped again its annual forecast for passenger traffic at Dubai International (DXB) to 64.3 million following a strong performance by the hub in the third quarter, and the prospects of a stronger surge in the offing in the final three months of 2022. DXB started the second half of the year with […]Read More
Amanat Holdings has announced the acquisition of a 60% stake in Human Development Company (HDC), a provider of special education and care (SEC) services in Saudi Arabia covering educational, medical, and rehabilitation services, for an initial consideration of SAR220.3 million (AED215.3) and a contingent consideration of up to SAR47.1 million payable subject to future earnings […]Read More
Masdar has pledged to strengthen its support for Saudi Arabia’s clean energy objectives by opening a new dedicated office in the Kingdom. Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co. (SPPC) for wind and solar projects with a combined capacity of 3.3 gigawatts (GW). […]Read More
Mashreq posted a net profit of AED 2.6 billion for Q3 of 2022, the bank said in a statement today on its financial results for the nine months ending 30th September, 2022. The bank added that the operating income has increased by 24.3 percent over the previous year to AED5.3 billion, mainly due to increased […]Read More
Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at US$284 billion, has acquired a stake in Skyborn Renewables, the world’s largest private offshore wind developer, alongside Global Infrastructure Partners (GIP). The acquisition of a 100 percent interest in Skyborn Renewables provides GIP and co-investors, including Mubadala, with access […]Read More
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Jean-Philippe Linteau, Consul-General of Canada to Dubai and the Northern Emirates, at DIWA’s stand at GITEX Global 2022. Al Tayer welcomed the Canadian Consul and emphasised DEWA’s keenness to consolidate cooperation and exchange expertise with Canadian companies specialised in energy, […]Read More
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