Qatar’s leading data centre and managed IT Services provider, has announced the signing of a landmark agreement with a global Hyperscaler, one of the world’s fastest-growing cloud service providers, in a deal valued at more than QAR1 billion ($272 million).
Dubai's Hatta Customs Crossing recorded a 175% increase in the value of trade handled during the first half as shifting regional trade routes boosted overland traffic through the emirate. Trade value through the crossing tripled to AED37.1 billion ($10.1 billion) in the six months to June.
Abu Dhabi-based International Holding Company (IHC) has announced that its key unit International Tech Group SP is acquiring an 80% stake in Marlan Holding, the company behind space tech firm Marlan Space, an investor and operator focused on space and space-related companies and technologies.
Bahrain’s Oil and Environment Minister and Special Envoy for Climate Affairs Mohammed bin Dinah met Hussein Al Qahtani, Chairman of the Gulf Downstream Association (GDA), to discuss cooperation in refining, petrochemicals and downstream industries.
United Arab Emirates-based tube and pipe manufacturer Embosal is installing a new Longitudinal Submerged Arc Welding (LSAW) pipe and tube mill at its facility in Ras Al Khaimah Economic Zone (RAKEZ).
Siatt, a Brazilian Edge Group entity, has signed an MoU with Safran Electronics & Defence to explore cooperation in missile systems, loitering munitions, coastal defence and related technologies.
The International Union of Marine Insurance (IUMI) is highlighting the often-overlooked risks that non-compliant wood packaging material (WPM) can create for international cargo shipments.
Metso and Gruvaktiebolaget Viscaria have signed an agreement for the delivery of key process equipment for the Viscaria copper mine in Kiruna, Sweden. The agreement supports the project’s transition into the execution phase.
Acwa, in consortium with Water Transmission Company (WTCO), has signed a Technical Services Agreement with Syria’s Ministry of Energy and engineering consultancy Fichtner to assess the country’s water resources and develop seawater desalination and transmission solutions.
Mirae Asset Global Investments, a Korean group with more than $800 billion in AUM globally, has established an office in the Dubai International Financial Centre (DIFC), thus strengthening its presence in the Middle East and expanding regional investors’ access to global investment opportunities.
