Wednesday 19 February 2025
 
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Takatuf turns cornerstone investor for Umm Al Qura IPO

Saudi-based Umm Al Qura for Development and Construction today (February 18) announced it has issued a supplementary prospectus and signed a binding investment undertaking agreement for its Initial Public Offering (IPO) with Takatuf Holding Group Company - a limited liability company wholly o

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Zain Bahrain revenue for 2024 hits $203m; net profit up 2pc

Zain Bahrain, a leading telecommunications provider in the kingdom, has announced a revenue of BD77.24 million ($203 million) for FY2024, up 6.8% from the previous year's figure of BD72.32 million ($190 million).    Announcing its financial results for

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Bentley seeks nominations for the 2025 Going Digital Awards

Bentley Systems, Incorporated, the infrastructure engineering software company, today (February 18) announced that nominations were now open for the 2025 Going Digital Awards.    This renowned global program recognises the best digital advancements in infra

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American School of Bahrain gets key AI endorsement from US body

American School of Bahrain (ASB) has announced that it has become one of the first 10 schools worldwide, and notably the first in GCC, to receive the Responsible AI in Learning (RAIL) endorsement from the Middle States Association, a leading US accreditation body for colleges and schools.&nbs

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Idex, Navdex net $2.7bn contracts in first two days

Tawazun Council - the government authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies - has announced the signing of five deals worth a total of AED5.8 billion ($1,6 billion) with local and international compani

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Zain KSA posts record $2.8bn revenue for FY 2024

Zain Group, a leading telecom group in the region, said its Saudi unit has delivered solid results for FY 2024 with an all-time high revenue of SAR10.4 billion ($2.8 billion), compared to SAR9.9 billion ($2.6 billion) in 2023, reflecting a 5% growth.    Ann

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Alba reports $490.8m 2024 profit, up 56.4%

Aluminium Bahrain (Alba), the world’s leading aluminium smelter, has reported a profit of BD37.1 million ($98.6 million) for the fourth quarter of 2024, up by 58.5% YoY versus a profit of BD23.4 million ($62.2 million) for the same period in 2023.   

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Sanad, Pratt & Whitney sign MRO collaboartion accord

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has announced a new collaboration with Pratt & Whitney, an RTX business and a world leader in the design, manufacture, and service of airc

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EDGE signs key deals with Leonardo, Lockheed Martin

EDGE, one of the world’s leading advanced technology and defence groups, and Leonardo, a major global industrial group that builds technological capabilities in aerospace, defence, and security, have signed a groundbreaking collaboration agreement to further enhance their partnership in

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VentureOne, Adasi team up to integrate autonomous flight tech

As dual-use technologies increasingly drive economies of scale worldwide, Adasi, a leader in UAV system manufacturing, has announced their adoption of two advanced autonomous flight technologies by Abu Dhabi’s VentureOne: Perceptra, a new cutting-edge GPS-less navigation technology, and

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