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Presight unit inks $340m Adnoc AI deployment contractAbu Dhabi-based Presight, a leading big data analytics company in the region powered by Artificial Intelligence (AI), has announced that its key unit AIQ has signed a landmark $340 million contract with Abu Dhabi National Oil Company (Adnoc) to deploy its key solutions across Adnoc’s up More… |
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PIF launches first Saudi-owned duty-free retailerSaudi Arabia's sovereign wealth fund PIF has announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha will develop luxury retail outlets in select locations across the More… |
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Borouge dividend yield hits 6.7pc, offering big investor returnsBorouge’s financial results for 2024 underline the company’s resilience and profitability, with net earnings of AED4.5 billion ($1.24 billion), marking a 24% year-on-year increase. The company also reported an industry-leading ebitda margin of 41%, More… |
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Alpha Dhabi-Mubadala JV hits $1bn portfolio milestoneLeading Abu Dhabi financial entities - Mubadala Investment Company and Alpha Dhabi Holding - today (March 10) announced that their joint venture, which was launched in 2023, has reached a significant milestone, building a $1 billion portfolio in global credit opportunities. More… |
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Norwegian oil major DNO to buy Sval Energi for $1.6bnDNO ASA, the Norwegian oil and gas operator, today announced it has reached agreement to acquire 100 percent of the shares of rival Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion. The More… |
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Metal Park launches first phase of its Abu Dhabi storage hubUAE-based Metal Park has announced the launch of the first phase of its premium storage hub in Khalifa Economic Zones Abu Dhabi (Kezad). The storage hub will offer world-class storage solutions and support services for businesses in the region. Located in Keza More… |
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Mubadala sells key stake in UK smart meter group CalisenMubadala, the sovereign wealth fund of Abu Dhabi, has announced that it has successfully completed the sale of its indirect stake in Calisen, a leading provider of smart metres and small-scale energy transition infrastructure assets based in Manchester, UK. Mu More… |
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Gulf Air, SalamAir sign key MRO services dealGulf Air, the National Carrier of Bahrain, has announced a strategic partnership with SalamAir, Oman's Low-cost carrier, formalised through a memorandum of understanding (MOU). This MoU will see Gulf Air provide SalamAir with a comprehensive suite of More… |
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JMJ Group launches Nafees Batteries in QatarJMJ Group Holding has inaugurated Nafees Batteries, a large-scale lead-acid battery recycling facility, setting a new benchmark for sustainable industrial development and circular economy solutions in Qatar. The launch event was officiated by Sheikh Jabor Bin More… |
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EGA unveils gender-inclusive safety signage at company's plantsEmirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, marked International Women’s Day by unveiling new safety signage at its facilities in Jebel Ali and Al Taweelah with icons that features both women and men. The new More… |
