Bahrain’s GFH acquires Saudi food services and logistics company for $133mln
Bahrain’s GFH Financial Group has confirmed it will acquire a Saudi Arabian food services and logistics business for SAR 500 million ($133 million). In a statement to Dubai Financial Market (DFM), GFH said the company had an enterprise value of SAR 500 million. Razi Al Merbati, CEO of GFH Capital S.A., said: “This transaction will […]
Saudi Arabia and Finland deepen cooperation in ICT to boost digital economy
Saudi Arabia and the Republic of Finland have signed a memorandum in ICT, with the aim of strengthening strategic partnership to support the digital economy growth and experiences exchange. The memorandum was signed by the Saudi Minister of Communications and Information Technology, Eng. Abdullah Alswaha, and by the Finnish Minister of Foreign Trade and Development, […]
UAE President, Singapore PM discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Lee Hsien Loong, Prime Minister (PM) of the Republic of Singapore, discussed the deep-rooted relations and comprehensive partnership between the two countries , and explored avenues for its development to serve mutual interests, reported the state news agency, WAM. The leaders also talked about regional and […]
Moro Hub partners with Dubai Healthcare City Authority
Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, has entered into a strategic collaboration with Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), to offer its Integrated Physical Security Platform (IPSP) solutions. This achievement marks a significant leap forward in healthcare security […]
Abu Dhabi’s Invest AD launches Blackstone Private Debt Fund
Abu Dhabi Investment Company (Invest AD), a wholly owned subsidiary of Mubadala Investment Company, has launched the Invest AD Blackstone Private Debt Fund, an SCA-regulated fund, which will offer local feeder access to Blackstone’s US and European private credit strategies. The feeder brings Blackstone’s institutional-caliber credit platform to qualified non-US investors, primarily in the UAE. […]
Core42 to explore digital security solutions of Hader
Core42, a G42 company and the leading digital transformation provider, has signed a Memorandum of Understanding (MoU) with Hader Security & Communications Systems, an Abu Dhabi-based systems integrator, to establish a strategic cooperative partnership to equip critical entities with advanced digital solutions for safety and security. The agreement was formalized in an official signing ceremony during […]
Future Blockchain Summit 2023 to fuel Web3 revolution
Future Blockchain Summit 2023, the premier global blockchain exhibition, will kick off on 15th October at its new venue, Dubai Harbour. The Middle East’s largest superyacht hub will welcome the entire blockchain and crypto ecosystem, gathering more than 150 exhibitors, regulatory authorities, and governments from over 50 countries. The Summit will conclude on 18th October, […]
Dubai Electronic Security Centre upgrades RZAM cybersecurity app
The Dubai Electronic Security Center (DESC), one of the entities under the Digital Dubai umbrella, has announced new features and updates to the RZAM cybersecurity application, which was launched during the Gulf Information Security Expo and Conference (GISEC) exhibition in March 2023. RZAM application is a web browser extension that continually assesses each webpage for […]
UAE MoFA unveils automated protocol and visits services
UAE Ministry of Foreign Affairs (MoFA) has announced the launch of its Visits Service, as well as a comprehensive suite of Invitations and Communications Services catering to UAE’s missions abroad, government and local entities, and foreign missions accredited to the UAE, in keeping with the UAE Strategy for Government Services 2021-2025. The Visits Service simplifies […]
Emirates Foundation & PureHealth to establish PureHeroes platform
Emirates Foundation has signed an agreement with PureHealth to establish the PureHeroes platform, dedicated to managing volunteerism in the country’s healthcare sector in cooperation with relevant stakeholders and entities. Under the agreement, both entities will contribute to developing and launching PureHeroes, agreeing on the required governance structure, authorities, and support needed to operate, as well […]