Al Moammar Information Systems Co. (MIS) secured today, Dec. 23, a project to design and build a private data center dedicated to artificial intelligence (AI) technologies with HUMAIN Co. The project’s value exceeds 155% of MIS’ total revenues for 2024, including value-added tax (VAT),...
Aljazira Bank announced the launch of its new brand identity under the slogan “Wealth Grows Here,” marking a natural evolution in a growth journey spanning more than five decades. Over the years, successive phases of transformation have shaped the Bank into what it is today, with the new...
Sharjah Coop has signed a strategic cooperation agreement with LEAFIO, a global provider of AI-powered retail solutions specializing in automation platforms, supply chain optimization, and in-store merchandising management. This step reinforces the Coop’s ongoing commitment to strengthening its...
Shareholders of video game company Electronic Arts (EA) approved the sale of the company to a consortium led by the Public Investment Fund (PIF) in a deal valued at $55 billion. According to Bloomberg, shareholders approved the acquisition at a price of $210 per share during a vote held on...
The Saudi Authority for Industrial Cities and Technology Zones (MODON) attracted over 900 new industrial contracts this year, including major global companies, said MODON CEO Majed Al-Argoubi. Al-Argoubi told Asharq News that MODON also expanded its industrial land portfolio by...
Modon Holding PSC (“Modon”) today announced a new joint venture to deliver Harborside 4, a 54-story residential tower on one of the last prime waterfront sites in downtown Jersey City, New Jersey, USA. Modon will hold a majority equity stake alongside leading US developer Related Companies and...
Taraf, the real estate division of Yas Holding, and Masdar City, Abu Dhabi’s pioneering sustainable urban district, are joining forces to develop Fay Hills, a 153-acre residential masterplan designed around sustainability, wellness, and human-centred living. Set within Masdar City, Fay Hills ...
When you travel across Saudi Arabia today—from the diplomatic halls of Riyadh to the industrial heart of Dammam to the global gateway of Jeddah—you quickly understand that the Kingdom is not merely transforming. It is accelerating into the future with a level of coordination, confidence, and...
Abu Dhabi Finance Week (ADFW) 2025 has attracted more than 35,000 participants during a week of dynamic discussions, announcements, and visionary collaboration that further reinforced Abu Dhabi’s position as a leading global financial hub. International participants accounted for more than...
Emirates Global Aluminium (EGA) today announced a significant expansion of EGA Leichtmetall in Germany. The new facility, located near Hannover, will increase EGA Leichtmetall’s recycling capacity more than six-fold, adding 110 thousand tonnes per year of scrap sorting capacity and 153...
