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Saipem mulls new Saudi Aramco JV for EPC activities
Saipem, a leading engineering and construction company, said it is studying the possibility of setting up a new entity in Saudi Arabia with state oil giant Aramco that will execute major engineering and construction activities in the industrial sector.
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Alsayah Square seals leasing deal with Americana Restaurants
Alsayah Square, the first commercial and medical complex of its kind at Busaiteen in Bahrain, said it has signed a leasing agreement with Americana Restaurants for the opening of key food and beverage brands - Krispy Kreme and Pizza Hut.
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Natural gas to play pivotal role for next 50 years: Al Jaber
Natural gas is set to play a pivotal role in powering economic growth in the UAE over the next 50 years, according to Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Adnoc.
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Adnoc Drilling IPO size of offering increased
The Abu Dhabi National Oil Company (Adnoc) has increased the number of ordinary shares offered in the Initial Public Offering (IPO) of Adnoc Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares.
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Saving govt pensions by encouraging citizens’ savings
By thinking some soft reforms in Mena, we can bring transform the pension sector in the next 20 years, says an industry expert, listing three ways to build hundreds of billions of new retirement assets through private pension savings.
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Maersk signs deal for warehousing facility in Jafza
Maersk Kanoo UAE, an integrator of container logistics, has signed an agreement with DP World’s leading trade and logistics hub, Jebel Ali Free Zone (Jafza) to set up its first warehousing and distribution (W&D) facility in the UAE.
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Perfect time to invest in Saudi tourism, says minister
The mammoth potential for hospitality investment in Saudi Arabia (KSA) was highlighted today at the AHIC Conference in Dubai by a top Saudi tourism official who said it is the perfect time to invest in the Kingdom's tourism sector.
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Data-as-a-service model picking up pace in UAE, Saudi
Fifty-four percent of businesses in the UAE and Saudi Arabia are looking to move to a data-as-a-service model and 55 percent are planning to look deeper into the performance stack to rearchitect how they process and use data, a report said.
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UAE and India explore economic partnership
A high-level UAE delegation, led by Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, held talks with India’s Commerce and Industry Minister Piyush Goyal and established the Comprehensive Economic Partnership Agreement.
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Cars24 raises $340m in funding; doubles valuation
Cars24, one of the leading e-commerce platforms for pre-owned vehicles, has announced the closing of AED1.2 billion ($326 million) round in Series F equity funding, nearly doubling its valuation to AED6.75 billion.
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Urgent call for commitment to climate action in tourism
In preparation for COP26, two information sessions were held on the Glasgow Declaration on Climate Action in Tourism. Developed by a collaborative group, it is an urgent call for all stakeholders to commit to a decade of climate action in tourism.
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Havelock One Interiors wins Saudi cineplex fit-out contracts
Havelock One Interiors, a leading turnkey fit-out contractor in the Middle East, has secured contracts from Lebanese cinema chain Empire Cinemas for work on the interiors of three multiplexes in Saudi Arabia in the cities of Riyadh, Madinah and Al Ahsa.
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Fabulaa - Assistive Speech now available in Arabic
Fabulaa - Assistive Speech, an augmentative and alternative communication (AAC) mobile application is now available in Arabic.
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DHF partners with Ikea to offer shoppers huge savings, prizes
This year’s Dubai Home Festival (DHF) has partnered with Swedish homeware experts Ikea to ensure residents and visitors enjoy the very best deals from the biggest brands.
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