Business & Money | Tuesday 5 November, 2024 9:38 am

Enersol to acquire Deep Well Services, a technology-enabled energy services company

ADNOC Drilling Company PJSC (ADNOC Drilling) and Alpha Dhabi Holding PJSC (Alpha Dhabi) announced today that their joint venture Enersol has agreed to acquire a 95 percent equity stake in Deep Well Services (DWS), for approximately $223 million1 including performance-based payments. Completion of...

More Details

Business & Money | Tuesday 5 November, 2024 9:35 am

DAE signs lease agreements with Eastar Jet for 3 new Boeing 737-8 aircraft

Dubai Aerospace Enterprise (DAE) Ltd today announced the signing of lease agreements with Eastar Jet for three new Boeing 737-8 aircraft, scheduled for delivery in mid-2025 and the first quarter of 2026. Firoz Tarapore, Chief Executive Officer of DAE, said, "We are pleased to announce a new...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

Dubai is Set to Host the First Edition of the Forbes Middle East Medical Tourism & Wellness Summit

 Dubai is set to host the inaugural Forbes Middle East Medical Tourism & Wellness Summit in November. The exclusive two-day event will bring together top health and wellness professionals, leaders, and innovators from across the region and the world to discuss the Middle East’s growing...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

Digital Cooperation Organization at Summit of the Future: Accelerating digital cooperation to drive digital prosperity

The Digital Cooperation Organization (DCO) has concluded its participation at the UN Summit of the Future ahead of the UN General Assembly High-Level Week on September 22-23, 2024. The DCO's activities emphasized multi-stakeholder digital cooperation to drive prosperity, in line with the...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

MUFG signs Memorandum of Understanding with the Public Investment Fund of Saudi Arabia

MUFG and The Public Investment Fund (“PIF”) of Saudi Arabia have today announced that they signed a memorandum of understanding (“MoU”) to collaborate on opportunities of mutual interest to both MUFG and PIF.   The MoU will promote regular engagement between MUFG and PIF,...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

du unveils lead acid battery recycling initiative to drive eco-progress in UAE

du, the leading telecom and digital services provider, today announced a new initiative to recycle all spent lead acid batteries from its operations in partnership with Dubatt Battery Recycling. du is taking the lead in the UAE telecom sector in adopting measures that actively reduce its...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

Mobily, Telecom Egypt cooperate to land first Saudi subsea cable

Etihad Etisalat Co. (Mobily) and Telecom Egypt, one of the largest subsea cable operators in the region, signed a cooperation agreement to land the first Saudi submarine cable linking Saudi Arabia and Egypt. The new cable, which is wholly owned by Mobily, will pass through the Red Sea,...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

Albilad Capital buys Mövenpick Hotel & Residences in Riyadh’s Al-Ghadir for SAR 1B

Albilad Capital, through its Albilad Hospitality Fund, acquired the Mövenpick Hotel & Residences in Riyadh’s Al-Ghadir district in a deal valued at approximately SAR 1 billion. In a statement picked up by Argaam, the company said this acquisition marks a strategic entry for Albilad...

More Details

Business & Money | Tuesday 5 November, 2024 8:00 am

Tadweeer signs SAR 50M agreement with EXIM Bank

National Environmental Recycling Co. (Tadweeer) signed a Shariah-compliant credit facility agreement with the Saudi EXIM Bank, with a total value of SAR 50 million. In a statement to Tadawul, the company said the financing term is for one year from the date of funding the working capital...

More Details

Business & Money | Monday 4 November, 2024 10:38 am

Tubacex announces Mubadala as strategic partner in OCTG Business Through $200 mn agreement

Tubacex Group, a world leader in advanced industrial solutions for the energy and mobility sectors, today announced the closing of a strategic partnership with Mubadala Investment Company (Mubadala), an Abu Dhabi Sovereign Investor, in its Oil Country Tubular Goods (OCTG) business for US$200...

More Details