Automechanika Dubai 2023: Biggest-ever edition begins at DWTC
More than 1,800 exhibitors from over 60 countries are converging at Dubai World Trade Centre (DWTC) for Automechanika Dubai 2023. This is the show’s largest edition in its two-decade run. The event, which began today (October 2) will run until October 4. It is witnessing a year-on-year growth in exhibitor participation to the tune of […]
DEWA commissions second unit of 4th phase of Dubai solar park
Dubai Electricity and Water Authority (DEWA) has commissioned the 200 megawatt (MW) second unit of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, with an estimated cost of up to Dhs15.8bn, according to the Government of Dubai Media Office. The fourth phase of the solar park uses the Independent Power Producer model. Iset […]
Swiss bank Lombard Odier plans expansion after getting new Dubai licence
Swiss private bank Lombard Odier plans to double its headcount in the UAE within three years after obtaining a licence to operate from Dubai’s financial centre, one of its senior executives told Reuters on Thursday. The bank, which has had a representative office in Dubai, a major regional financial hub, for 17 years and a branch in […]
Alpha Dhabi enters wastewater treatment industry with majority acquisition in Metito Holdings
Alpha Dhabi Holding announced its acquisition of a majority stake in Metito Holdings, a global leader in the water and wastewater treatment industry, as per state news agency WAM. Pending regulatory approvals, this transaction marks Alpha Dhabi’s strategic entry into the water and wastewater treatment domain. The acquisition underscores the company’s commitment to diversifying its portfolio […]
Dubai: DIFC to reveal new high-end residential offering for buyers soon
Dubai International Financial Centre (DIFC) has introduced a new high-end residential offering, DIFC Living. The new residential project will provide residents easy access to: The financial centre will reveal more about the project on its official channels soon. DIFC sees rise in companies in H1 2023 In other news, the financial centre witnessed double-digit growth […]
BHM Capital enters into partnership with Tawasal SuperApp
BHM Capital Financial Services has entered into a strategic partnership with Tawasal SuperApp, a premier communication and lifestyle application, to grant users access to local and international financial markets. The company said that this association will provide Tawasal SuperApp users with unparalleled access to both local and international financial markets via the BHM Capital Financial […]
Azizi & Hydro Way unite for supply of Italian DAB Pumps
UAE-based Azizi Developments has partnered with Hydro Way for the supply of Italian DAB pumps for Azizi’s Amber and Beach Oasis projects in Al Furjan and Dubai Studio City. Hydro Way is a globally recognized leader in the water technology sector. The Italian-based DAB Pumps has been pioneering in the water pump industry for over […]
PureHealth acquires UK’s Circle Health Group for $1.2bn
PureHealth, the largest healthcare platform in the Middle East, has signed an agreement to acquire the UK’s largest independent operators of hospitals, Circle Health Group in a deal valued at $1.2 billion. This acquisition underlines the UAE company’s commitment to delivering world-class medical care to patients globally, as well as developing new clinical care pathways […]
FAB, Magnati unite with Geidea to boost digital payments
First Abu Dhabi Bank (FAB) and Magnati have entered into a strategic alliance with Saudi Arabia’s largest fintech company Geidea to provide digital payment acceptance services for businesses in the Kingdom.The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the gap […]
DP World to develop Tuna-Tekra Kandla container terminal
DP World , a global leader in supply chain solutions, has signed a concession agreement with India’s Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Tuna-Tekra Kandla in Gujarat. The concession agreement was signed between Mr. S. K. Mehta, Chairman of Deendayal Port Authority and […]