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
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been named Global Free Zone of the Year 2022 by the Financial Times’ fDi Magazine for the eighth consecutive year. The award, among the most prestigious of accolades a free zone can earn, is decided by […]Read More
BEEAH Group and Green Planet, Egypt’s emerging environmental services company, have formed a partnership to deliver a landmark ten-year contract in Sharm el-Sheikh. The development comes ahead of Cop27, which will be held in Sharm el-Sheikh, between 6th-18th November 2022. In the presence of Dr. Mostafa Madbouly, Prime Minister of Egypt; Khaled Al Huraimel, Group […]Read More
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, delivered robust growth in the first half of 2022. The Centre’s strong performance reinforces DIFC’s Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, FinTech and innovation […]Read More
As the world loses more than $2 trillion annually due to illicit trade, which drains countries of valuable resources and impedes sustainable development, UNCTAD will host its second Illicit Trade Forum on 6 and 7 September, providing a platform for countries to collaborate on tackling this menace to development. The event to be held in […]Read More
GULF [GulfCoin], a project that revolves around the ground breaking BEP-20 coin developed to honor GULF countries for their contributions towards crypto adoption, is approved from Dubai and five other countries. GulfCoin runs on the Binance Smart Chain [BSC], and was developed by a multinational team comprising some of the most talented people in the […]Read More
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