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Europalco expands its presence with major acquisitionsEuropalco, the largest provider of solutions for events and shows in Southern Europe, has announced major investments in three dynamic Portuguese companies -- Rise, NEW Audiovisuals and AV Tech. These strategic acquisitions demonstrate Europalco's dedicati More… |
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Dubai Taxi Company appoints new executive leadersDubai Taxi Company (DTC) has announced the appointment of new executive leaders as part of its strategic development and modernisation plans. Abdulla Ibrahim Almeer has been named Chief Business Transformation Officer, Ammar Rashid Al Braiki the Chief Op More… |
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Dubai Aerospace Enterprise secures $750m ENBD loanDubai Aerospace Enterprise (DAE), the global aviation services company, said it has secured a five-year term loan worth AED2.75 billion ($750 million) from Emirates NBD Bank for general corporate purposes and to support the future financing needs of its business. More… |
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Investcorp plans key investment in $4.2bn JFK terminal 6 revampAbu Dhabi-based Investcorp Capital, an investor in private markets and provider of capital financing services in the alternative investments space, said it has reached an agreement to invest in the redevelopment of New York’s JFK International Airport’s Terminal 6 through its newly More… |
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Global air cargo demand on the rise in February, says IATAThe International Air Transport Association (IATA) said in its latest data for February 2024 that global air cargo markets are showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometres (CTKs), rose by 11.9% compared to February 2023 levels (12. More… |
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SITE in deal with AhnLab to set up Saudi cybersecurity JVSaudi Information Technology Company (SITE), a Public Investment Fund (PIF) company and the national cybersecurity champion, has entered into a dual investment deal worth over SAR500 million ($133 million) with leading Korean cybersecurity company AhnLab to co-invest in the deployment and loc More… |
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AD Ports Group in deal to develop Iraq port, economic zonesAbu Dhabi-based AD Ports Group, a leading facilitator of global trade, logistics and industry, said it has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI). Under the terms of the agreement, both parties wi More… |
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British Steel snaps up major Egypt Rail supply contractLeading UK group British Steel has secured an multi-million-pound contract to supply rail for a landmark new route in North Africa. In total, 9,500 tonnes of track, produced at its plant in Scunthorpe, UK, will be delivered for Egypt’s Green Line railway More… |
