UAE’s e& enterprise partners with fintech platform Fils

UAE’s e& enterprise has entered into a strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability. This alliance signifies a milestone in e& enterprise’s continuous pledge to lead the digital transformation regionally and globally, infusing environmental consciousness into every digital transaction. Through this collaboration, […]

IHC announces formation of new holding firm ‘2PointZero’

Abu Dhabi-based International Holding Company has announced the formation of a new holding company, 2PointZero, a next-generation Holding Company comprising several diverse and dynamic companies. According to the statement, IHC’s board approved the initiation of the transfer of entities across several sectors to 2PointZero and the move will be completed after obtaining all regulatory approvals. […]

Arada buys high-end plot near DIFC fo luxury residential tower

Arada has purchased a prime land plot in Zabeel 2 adjacent to Dubai International Financial Centre (DIFC), marking yet another significant expansion milestone for the master developer into the high-end Dubai property market. Valued at $163 million, the plot was purchased from Rital Properties, the real estate subsidiary of Emirates NBD. The 138,466 sq ft […]

Halliburton to establish drilling tool calibration facility at Hamriyah Free Zone

The Hamriyah Free Zone Authority (HFZA) in Sharjah has entered into a strategic agreement with Halliburton, one of the world’s leading providers of products and services to the energy industry. Under the agreement, Halliburton will expand its footprint within the UAE by establishing a cutting-edge facility for calibrating drilling tools used in the oil industry. […]

AD Ports Group unit Noatum acquires APM Terminals Castellón in Spain

AD Ports Group has announced that Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100 percent ownership of APM Terminals Castellón in Spain for a total purchase consideration of $11 million (EUR 10 million). The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the change […]

Nakheel beaches receive prestigious Blue Flag Global Accreditation

Nakheel, the world-leading real estate master developer, has announced that eight Nakheel beaches have received the prestigious Blue Flag status at its Jebel Ali, Palm Jumeirah, and Dubai Islands locations. The Blue Flag is a leading international eco-certification program owned and operated by the Foundation of Environmental Education (FEE), a non-governmental, not-for-profit organization headquartered in […]

Commercial Bank of Dubai & AGMC announce EV partnership

Commercial Bank of Dubai (CBD), a prominent United Arab Emirates (UAE) national bank, has entered to a strategic collaboration with Arabian Gulf Mechanical Centre (AGMC), the official BMW Group importer for Dubai, Sharjah and the Northern Emirates, to establish Electric Vehicle (EV) charging stations at designated branches across Dubai. CBD is continuously working to find […]

UAE’s du enters into strategic MoU with Versa Networks

UAE’s du, from Emirates Integrated Telecommunications Company (EITC), has signed a Memorandum of Understanding (MoU) with Versa Networks, the global leader in AI/ML-powered Unified Secure Access Service Edge (SASE), in order to enhance and expand du’s integrated network-security portfolio. According to the statement, du and Versa Networks will embark on building a powerful partnership to […]

L&T Construction wins EPC contract for Saudi Amaala project

L&T Construction, a construction arm of Larsen & Toubro, a $23 billion Indian multinational company, has been chosen as the turnkey Engineering, Procurement and Construction (EPC) contractor to establish various systems related to renewable energy generation and utilities, for the Amaala project in the Red Sea region, Saudi Arabia. Amaala is an ultra-luxury destination set […]

ADDED partners with Siemens to decarbonize Abu Dhabi’s industrial sector

bu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy have partnered to further decarbonize Abu Dhabi’s industrial sector. The collaboration supports Abu Dhabi Industrial Strategy’s vision to establish the emirate as the most competitive industrial hub in the region, driving the Green Falcon Economy and setting an example as a global […]