Aquaterra gets UAE contract
Business
SPARK, Hutchinson Ports ink pact
Business
US downs three Houthi drones, strikes anti-ship missiles
Yemen's Iran-backed Houthis have been targeting shipping for months and their attacks have persisted despite repeated American and British strikes...
Business
ADQ to buy stake in IHC subsidiary
Abu Dhabi-based firm will acquire Eltizam Asset Management for AED111.6 million.
- IHC has entered into a strategic partnership with ADQ to sell a 50% stake in its subsidiary
- Eltizam offers an integrated suite of strategic management and real estate services
Business
Creative Zone expands into Qatar
The CZ is one of the top firms in the United Arab Emirates.
- The CZ is one of the top firms in the United Arab Emirates
- Hyundai, LG are among some of its clients
Business
Galaxy Racer eyes Pakistan market
The UAE-based Esports company has over 400 million subscribers.
- The Esports company has over 400 million subscribers worldwide
- The company is aiming for a Nasdaq listing in the next three years
Business
Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.
- The deal has been inked with the buyer Khaled Mustafa Mohamed Monem
- It includes the sale of all equipment, machinery, buildings, and cars
Business
EDB to push Ajman growth
The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.
- Under the terms of the agreement, EDB will support SMEs registered at Ajman Free Zone, in line with its applicable policies and procedures
- In addition, the companies operating in the free zone will be given access to the bank’s key programs, financing solutions, and other facilities
Business
ABHGA readies $13bn investment
This agreement can be considered the start for several projects.
- This agreement aims at increasing the level of cooperation between the public and private sectors to achieve the objectives of Vision 2030
- The areas of cooperation between ABHGA and NIDLP, subject to this agreement, includes establishing a joint framework
Business
Netflix buys first video game studio
The company has bought the California-based Night School Studio
- The company has bought the California-based Night School Studio
- Netflix had indicated its intention to venture into video games in July
Science
Amazon robot that can patrol homes
The tech giant cheered the "Astro" robot as a breakthrough for security
- The tech giant cheered the "Astro" robot as a breakthrough for security
- But digital watchdogs raised concerns for potential risks to people's most private moments
Business
United Airlines fires 593 workers
The employees refused to comply with a requirement to be vaccinated for Covid-19.
- The employees refused to comply with a requirement to be vaccinated for Covid-19
- Another 2,000 employees have also requested a medical or religious exemption to the vaccine requirement
Business
McDonalds Qatar warns of fake websites
The sites are advertising fake offers and requesting bank details.
- McDonald’s has reported this problem to the local authorities
- It is working closely with them to rectify the matter and take down these sites
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Lordstown sues Foxconn
Business
Aquaterra gets UAE contract
Business
SPARK, Hutchinson Ports ink pact
Business
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Vodafone, Microsoft ink pact
Business
Care secures $93.3m Murabaha facility
The long-term facility was obtained from Gulf International Bank.
Business
ADES prices IPO $3.33-$3.60 per share
The book-building process starts Sunday and run through Sept. 14.
Business
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Business
ENOC Group, Kawasaki renew partnership
The pact was signed through ENOC partner CKW Enterprises.
- The agreement grants Kawasaki access to ENOC Group’s advanced lubricants from top-tier mineral oils for regular bikes to fully synthetic oils designed for high-end bikes.
- ENOC said the new products meet an array of standards including, API SP and JASO T903: 2023 MA-2, guaranteeing best-in-class oil thickening and wear protection.
Business
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.
- Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
- Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.
Business
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
- EIH has cultivated a diversified, innovative and sustainable investment portfolio comprising over 40 successful companies across various sectors.
- 9Yards Communications has a broad client portfolio encompassing government entities and private organizations both domestically and internationally.