Marlan Space, a UAE based investor, and Loft Orbital are leading a consortium in a $1 billion investment in France to build Altair-Next Gen, the world’s largest artificial intelligence (AI) satellite infrastructure.
Abu Dhabi-based Mubadala Investment Company has announced a significant minority investment in Luckin Coffee, alongside Centurium Capital, the company’s controlling shareholder, in a deal worth $1 billion. The investment comes as China’s coffee market continues to expand.
Saudi Arabia’s cement sector saw sales remain broadly stable year-on-year in August, but monthly volumes edged lower as weaker exports offset modest growth in the domestic market, according to an Al Rajhi Capital sector update.
Gulftainer, a leading global trade infrastructure company based in the UAE, has signed a binding agreement for a strategic investment in Suksawat Terminal on Thailand’s Chao Phraya River.
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and National Aluminium Company (NALCO), one of India’s leading aluminium producers, have signed an agreement to transfer EGA’s UAE-developed DX+ Ultra aluminium smelting technology to India for a major smelter expansion project.
Messe Frankfurt Middle East, organiser of Paperworld Middle East, the region’s leading international trade platform for paper and stationery products, has announced the postponement of the upcoming edition.
Qassim Cement Company has signed a share sale and purchase agreement to acquire 100% of A-Mix Company, a Saudi closed joint-stock company engaged in the production and sale of ready-mix concrete, for SAR65 million ($17.3 million).
IHC has announced that its wholly owned subsidiary, International Tech Group SP, is in the process of acquiring an 80% stake in Marlan Holding RSC, the holding company behind Marlan Space, subject to regulatory approvals.
Food delivery is entering a new phase in Dubai with Silicon Central Mall serving as the launchpad for Keeta Drone’s aerial delivery service, introducing an innovative era of airborne food and beverage delivery.
World Defense Show (WDS), founded by the General Authority for Military Industries (GAMI), has announced the renewal of its strategic partnership with Saudi Arabian Military Industries (SAMI) as the National Strategic Partner for the fourth edition of the show.
