GII, a global shari’ah-compliant alternative investment company, has announced the completion of a minority equity investment in Hotpack, one of the GCC's largest food packaging manufacturers. This acquisition further cements GII's position as one of the most active private equity players in the region.
AD Ports Group has announced the commencement of cruise services at its three terminals in Sharm El Sheikh, Hurghada, and Safaga in Egypt, in addition to facilitating ferry services connecting Safaga and NEOM ports to support transport of Hajj workers between Egypt and Saudi Arabia.
Schneider Electric, a global energy technology leader, has signed a collaborative agreement with Brands For Less (BFL) Group to deploy advanced smart building and energy management solutions across 26 KE2 Brands For Less stores in the UAE, with plans to scale across the entire store network.
GymNation, an upcoming gym operator, has secured a $100 million private credit facility from certain funds and entities controlled by HPS Investment Partners, a part of global asset manager BlackRock, in one of the first regional investments of its size since the Iran conflict commenced.
AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, has signed a partnership agreement with Borouge, a leading petrochemical company, to explore expanded collaboration opportunities aimed at enhancing export resilience and operational flexibility.
Gradiant, a leader in advanced wastewater solutions, said it had raised a Series E funding round valuing the firm at $2 billion, amid rapid growth in AI infrastructure, semiconductor manufacturing. The new investment supports strategic merger and acquisition, next-generation research as well as IPO readiness.
Korean Register (KR) has published the guidelines for numerical analysis based on Computational Fluid Dynamics (CFD), in a joint research initiative with HD Hyundai and Samsung Heavy Industries. It is aimed at providing an alternative to the conventional physical model testing previously used to verify vessel energy efficiency.
Shyam Middle East Resources, a part of India’s renowned Shyam Steel Group, is set to establish a non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone. The project marks a significant step in the group’s global expansion strategy.
Emirates has broken ground on its new $5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced maintenance, repairs and overhaul (MRO) facility, cementing Emirates' and Dubai's leadership in global aviation capability and infrastructure.
Leading intelligent flow equipment manufacturer, Armstrong Fluid Technology, has appointed Erwan Elias as a regional sales manager for the UAE. An industry veteran, he brings 15 years’ experience in HVAC, pump manufacturing and the water industry.
