Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
Dubai Aerospace Enterprise (DAE) has announced a partnership agreement with Blackstone Credit & Insurance to launch a new long-term global investment programme branded Equator that will focus on aircraft on lease to commercial airlines, with a target deployment of $1.6 billion annually.
Volvo Construction Equipment (Volvo CE) has announced that it has begun production of its A30 Electric and A40 Electric, becoming the first manufacturer in the world to bring electric articulated haulers of this size into serial production.
The United Arab Emirates is accelerating efforts to strengthen alternative trade corridors, improve customs systems and expand regional shipping connectivity as it works to protect supply chains and reinforce its position as a trusted global logistics hub amid continuing regional disruptions.
The Central Bank of Bahrain has signed a currency swap deal with Central Bank of UAE that has a nominal value of BD2 billion (AED20 billion), with a tenor of five years. This reaffirms the duo’s shared commitment to expanding monetary co-operation as well as boosting trade and investment ties.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
The two-week ceasefire announced by US with Iran will not restore container shipping operations through the Strait of Hormuz to pre-conflict conditions, with ocean supply chain disruption and elevated rates expected to continue, according to an industry expert.
Aldar Audit Bureau (Grant Thornton Saudi Arabia), a leading professional services firm, has announced a strategic collaboration with AstroLabs, the region’s premier business setup and growth platform, to provide international businesses with a fully integrated pathway to enter and scale in the kingdom.
Health Water Bottling Company, the owner of top bottled water brand Nova, has signed an agreement with Saudi Investment Recycling Company (SIRC), a PIF company, to jointly explore significant initiatives aimed at reducing waste, improving material recovery and increasing national recycling rates.
Alshaya Group, a leading Kuwaiti business conglomerate, has announced that it has acquired the Starbucks Greece & Cyprus licensed business, becoming the new exclusive owner and operator of the business. It operates 30 stores in Greece and 18 in Cyprus employing around 500 people.
