MoU

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • Abu Dhabi, UAE--The UAE and Kenya have signed an investment memorandum establishing a framework for investment cooperation in digitalisation and technology. In addition to exploring investments in digital infrastructure and artificial intelligence (AI) services in Kenya, the cooperation may include developing data centre projects with a total capacity of up...
  • MoIAT inks MoU with MEXT to implement industrial transformation Index

    ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU) to implement the UAE’s Industrial Technology Transformation Index (ITTI) and deploy the index overseas for the first time. The move is part of the UAE's efforts to accelerate decarbonization and...
  • AD Ports signs MoU with Abu Dhabi Residents’ Office to lure talent

    Abu Dhabi, UAE--AD Ports Group has signed a memorandum of understanding (MoU) with Abu Dhabi Residents Office (ADRO) to promote the benefits and initiatives which aim to attract and retain top talent in Abu Dhabi. The partnership will develop a joint strategy to inform relevant parties and employees about the...
  • EDB, Paraguay’s Development Finance Agency ink MoU to boost collaboration

    ABU DHABI, UAE -  Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, signed a Memorandum of Understanding (MoU) with Paraguay’s Development Finance Agency (Agencia Financiera de Desarrollo, AFD). The signing was witnessed by José Agüero Avila, Ambassador of Paraguay to...
  • UAE signs MoU with Microsoft, PwC to set up ‘centre for digital excellence’

    Dubai, UAE-- The UAE has signed a memorandum of understanding (MoU) with Microsoft and PricewaterhouseCoopers (PwC) to set up the "UAE Centre for Government Digital Excellence." The centre will look to support the government’s digital transformation, enabling government authorities to benefit from the best global practices and modern technologies to...
  • MoFAIC,  Burjeel Holdings ink MoU on healthcare services

    ABU DHABI, UAE -  UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum of Understanding (MoU) regarding specialized healthcare services for MoFAIC employees and their families. The memorandum was signed by Abdullah Mohammad Al Blooki, Assistant Undersecretary for Support Services Affairs at MoFAIC...
  • Meydan Free Zone-ADIB pact to promote SMEs, sustainability in economy

    Abu Dhabi, UAE-- The recent partnership signed between Abu Dhabi Islamic Bank (ADIB) and Meydan Free Zone is expected to promote SMEs and sustainability in the economy. Through this partnership, trade licence holders within the Meydan Free Zone will have access to ADIB's diverse range of business banking products and...
  • Oman and Etihad Rail Company signs MoU with Vale, Brazilian mining firm

    Dubai, UAE-- Oman and Etihad Rail Company, the operator of the UAE-Oman Rail Network, has signed a memorandum of understanding (MoU) with Vale, the Brazilian mining giant, to look at the possibility of using the rail network in the transportation of iron ore. The MoU was signed by Ahmed al...
  • Saudi Arabia, South Korea sign two MoUs for mobility, road projects

    Riyadh, Saudi Arabia--Saudi Arabia and South Korea have signed two agreements on Tuesday for future mobility and roads in the latest move to boost cooperation between the two countries. The memorandums of understanding call for cooperation in the future of mobility and innovation in the transport and logistic services sectors...
  • Iraq, Iran sign MoU to build railway track linking two nations

    The railway track will connect Iran's southwestern town of Shalamcheh with Basra in Iraq in what will be the first such link between the two countries. In this regard, the two signed an MoU in Basra. It outlines the route for the railway line, location of passenger stations, a timeline...
  • UAE and Jordan sign MoU to boost tourism, cultural exchange

    Abu Dhabi, UAE--Looking to boost tourism and cultural exchange between the two countries, the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi) and the Jordan Tourism Board have signed a Memorandum of Understanding (MoU) on the sidelines of the Arabian Travel Market 2023. The MoU will unlock the...
  • NATO secretary general calls Jordan king, reaffirms strategic partnership

    Amman, Jordan - Jordan King Abdullah on Wednesday received a phone call from NATO Secretary General Jens Stoltenberg during which they discussed “the deep-rooted cooperation and strategic partnership,” in military, training, and defence areas, as well as joint efforts in countering terrorism. They also discussed regional and international developments, including...
  • Saudi Arabia partners with South Korean firm to boost its gaming industry

    Riyadh, Saudi Arabia— Saudi Arabia has signed a memorandum of understanding (MoU) with Wemade, a South Korean firm, to boost its presence in the gaming sector. The agreement between the Saudi ministry of investment and Wemade will enable the South Korean firm to widen its footprint in the kingdom. Wemade...
  • MBM Holding, Portland Holdings ink MoU

    Firms will work together on nuclear, renewable energy.
  • Presight signs MoU with Senegal for digital transformation in African nation

    Abu Dhabi, UAE--Presight AI and the Ministry of Communication, Telecommunications and Digital Economy of the Republic of Senegal (MCTEN), have signed a Memorandum of Understanding (MoU) to accelerate digital transformation initiatives and economic benefits for the citizens of Senegal. Under the agreement, Presight will work closely with MCTEN to support...
  • Microsoft, G42 sign MoU

    MoU will leverage core competencies of both the firms.
  • Saudi ministries ink MoU with Korean NAVER Group for joint digital projects

    Riyadh, Saudi Arabia - The Saudi Ministry of Municipal, Rural Affairs, and Housing and the Ministry of Investment have signed a memorandum of understanding (MoU) with the NAVER Group of South Korea to undertake joint digital projects in the kingdom .  The NAVER, NAVER LABS, and NAVER Cloud, specialize in...
  • Global Carbon Council, EGX sign MoU to launch voluntary carbon market

    Doha, Qatar--The Doha-based Global Carbon Council (GCC) and Egyptian Exchange (EGX) have signed a memorandum of understanding (MoU) to launch Africa's first regulated voluntary carbon market. The MoU was signed by GCCs founding Chairman Dr. Yousef Alhorr and EGX's Executive Chairman Rami El Dokany. As an outcome of this agreement...
  • Aramco signs MoU with Samsung

    The deal is designed to enhance Saudi digital transformation.
  • MBRSC, e& enterprise ink MoU

    MoU will be mutually beneficial to both organizations.
  • Saudi Arabia and South Korea sign several MoUs to deepen ties

    Riyadh, Saudi Arabia--Saudi Arabia and South Korea have signed multiple memorandum of understandings aimed at supporting SMEs, along with enabling entrepreneurs to enter the field with more confidence and emphasis. The two countries also looked at ways to enhance cooperation in the fields of entrepreneurship and innovation, as the Kingdom’s...
  • QFFD, EAA sign pacts to back education drive in Asia, Africa

    Doha, Qatar-- In order to ensure education for children in the least developed countries of Asia and Africa, Qatar Fund for Development (QFFD) and the Education Above All Foundation (EAA) signed four Memorandum of Understandings (MoUs) with Senegal, Bangladesh, Liberia, and Burkina Faso. The four MoUs focus on opportunities to...
  • UAE, Oman agree to cooperate on development, environmental protection

    Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage sustainable development. In this connection, a UAE delegation, headed by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in...
  • Saudi EXIM, SINOSURE ink MoU

    Pact is likely to help enhance Kingdom's non-oil exports.
  • UAEIIC, JOIN ink pact to boost investments in Middle East, Africa

    The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region.
  • QFCA, AmCham Qatar sign MoU to boost bilateral trade

    Doha, Qatar-- Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), and the American Chamber of Commerce in Qatar (AmCham Qatar) have signed a Memorandum of Understanding (MoU) to enhance bilateral trade and investment relations between the two countries. Under the MoU, both...
  • Emiratization: ACTVET, Al Fardan Exchange to hire 1,000 Emiratis in financial sector

    The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently established at ACTVET’s Innovation Park in Abu Dhabi.
  • Dubai’s RERA signs MoU with Al Ameen Service

    Dubai, UAE -Dubai Land Department (DLD), represented by the Real Estate Regulatory Authority (RERA), has signed a memorandum of understanding with Al Ameen Service to boost cooperation. DLD is enhancing its vision by providing an innovative and sustainable global real estate model and an incubating environment for real estate innovation....
  • EDCC and Canadian Business Council sign MoU to boost defense ties

    Abu Dhabi, UAE--The Emirates Defence Companies Council (EDCC) and the Canadian Business Council (CBC) in Abu Dhabi signed a Memorandum of Understanding (MoU), aimed at accelerating cooperation and identifying business opportunities in defence industries. The MoU was signed today at Tawazun Council Chalet in IDEX and NAVDEX 2023, currently held...
  • UAE brings in new financing solutions for defense industries

    Abu Dhabi, UAE--UAE-based SMEs in the industrial sector will soon be able to access new financing solutions and enablers following a memorandum of understanding (MoU) signed at IDEX and NAVDEX 2023. The MoU between the Ministry of Industry and Advanced Technology (MoIAT), Tawazun Industrial Park (TIP) and the Emirates Development...
  • Saudi ministry signs investment MoU with Spain’s Orbas

    Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Municipal, Rural Affairs and Housing has signed an MoU with the Spanish company Orbas to boost investment in the kingdom in line with its National Investment Strategy. The MoU aims to raise the level of coordination in endeavors that support and promote the...
  • DEWA, ENOC sign MoU

    Aim is to develop hydrogen-based mobility pilot project.
  • Emirates and Air Canada sign MoU to boost cargo services

    Dubai, UAE-- Emirates SkyCargo and Air Canada Cargo have inked a Memorandum of Understanding (MoU) to provide additional benefits to its global air cargo clients. The MoU was signed at Emirates Headquarters in Dubai, UAE, by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, and Matthieu Casey, Managing Director Commercial,...
  • UAE MoIAT, Sharjah FDI Office ink MoU to promote investment

    SHARJAH, UAE -  The UAE's Ministry of Industry and Advanced Technology (MoIAT) and Sharjah Foreign Direct Investment Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) at the 6th Sharjah Investment Forum to promote investment opportunities. Held under the theme 'Redefining Economies: Making Significant Strides for a Better Future',...
  • dans, MBRSC ink MoU for Aerospace Communications, Navigation and Surveillance Infrastructure

    dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers.
  • DHA, DIEZ ink MoU to support healthcare sector

    DUBAI, UAE - Dubai Health Authority (DHA) has signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ) to enhance investment opportunities in the healthcare sector and support the formation of healthcare start-ups. The MoU will help to promote cooperation and coordination between the two sides and...
  • Saudi Arabia signs two MoUs at Riyadh Global Medical Biotech Summit

    Riyadh, Saudi Arabia--The Saudi Ministry of Investment has signed two memorandums of understanding with Boehringer Ingelheim Company and Saudi Novo Nordisk Trading Company and King Abdullah University of Science and Technology at Riyadh Global Medical Biotechnology Summit 2023, the Saudi Press Agency reported Friday. The MoUs were signed in the...
  • AD Ports, Tosyali sign MoU

    They will collaborate in shipping, logistics and ports services.
  • Qatar, Cambridge University ink MoU to develop genome project

    The project is a collaboration to develop and support an open information structure that will facilitate the comparative analysis of financial regulations across jurisdictions.
  • DoH, GSC ink MoU to achieve Abu Dhabi’s healthcare sustainability goals

    ABU DHABI, UAE - Building on its ongoing efforts to improve the healthcare ecosystem from all aspects, the Department of Health – Abu Dhabi (DoH) signed a strategic Memorandum of Understanding (MoU) with the Geneva Sustainability Center (GSC). The GSC is an organization powered by the International Hospital Federation (IHF)...
  • Abu Dhabi’s Department of Energy, New York University sign MoU

    The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development.
  • Masdar City, ADGM ink pact to  strengthen foreign investment in Abu Dhabi

    ABU DHABI,  UAE  - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU) to strengthen foreign investment in Abu Dhabi and support innovation that enhances the UAE’s economic competitiveness. The agreement was signed by Ahmed Baghoum, the acting CEO of Masdar City, and...
  • UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information

    DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax purposes. This comes in line with the ministry’s continuous efforts to ensure that  commitment of various government entities in the UAE...
  • Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi

    ABU DHABI,  UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets. Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam,...
  • Jordan imported 3.65m barrels of Iraqi oil from September 2021 to December 2022

    AMMAN, JORDAN -  Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels, equivalent to 490,000 tons of crude oil."Jordan imports Iraqi crude oil according to the memorandum of understanding (MoU) for the processing of crude oil signed between the Jordanian and Iraqi...
  • Saudi Arabia, Clarity AI ink MoU to develop sustainability in private sector

    Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.
  • Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom

    RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...
  • AGFUND, AMF ink MoU to promote economic development in Arab region

    The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation.
  • Sonatrach signs deal with VNG AG to boost ties in hydrogen sector

    Algiers, Algeria-- Sonatrach of Algeria and VNG AG of Germany have signed a memorandum of understanding for the construction of the first green hydrogen plant in the North African country. The MoU was signed on the sidelines of the fourth Algerian-German Energy Day in Algiers. The deal was signed between...
  • Saudi Arabia, Azerbaijan ink 6 agreements, MoU

    The agreements included the establishment of the Saudi-Azerbaijan Joint Business Council.
  • EDB, ADCB ink pact for UAE SMEs

    The MoU will enable SMEs access to financing options.