Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has unveiled a structured roadmap towards Net Zero operations by 2050.
WSP, one of the world’s leading professional services consulting firms, has appointed Dincer Mete as Director of Infrastructure, Middle East. Based in Riyadh, Dincer will support the continued growth and delivery of WSP’s Transport & Infrastructure business across the region.
Saudi food company Modern Mills has signed a SAR235 million ($62 million) credit facility deal with Saudi Awwal Bank to finance a new feed mill project and support working capital needs. It includes a SAR120 million capex facility with a tenure of eight years and a SAR115 million revolving credit facility with a one-year tenure.
AP Moller Capital has announced that its Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund have agreed to acquire a majority stake in Moroccan transportation and logistics company Globex Investissement, thus reflecting the firm's focus on transportation and logistics in North Africa.
More than 2,200 water-sector specialists from 100 countries are set to converge in Riyadh for the 21st edition of the IDRA World Congress on Desalination and Water Reuse, where they will discuss solutions and challenges related to global water security at the event's first gathering in Saudi Arabia.
John Crane, a global leader in flow-control technologies and an innovator in solutions for rotating equipment, and a business of Smiths Group, has renewed a long-term agreement to improve equipment reliability at a major refinery in Bahrain.
Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, has marked a significant milestone in its sustainable finance journey by pioneering the UAE’s first dedicated Transition Finance Framework to support corporate and institutional customers in their transformation to more sustainable business models.
AD Ports Group today announced that it has received a notification from L’IMAD Holding Company of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of the issued and paid-up share capital of Abu Dhabi Ports Company (AD Ports Group) not already held by ADQ.
Saudi Ceramics Company, a leading player in the building materials sector, has announced the opening of its newest showroom in the kingdom's Western Province in Jeddah. With this launch, the total number of the Saudi firm's retail showrooms across the kingdom has now risen to 70.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced two key promotions in managerial section - S. Abbas S. Baqer has been named Manager Calciner & Marine, while Ali Aseeri has been elevated to the post of Manager Engineering & Projects.
