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Mubadala to acquire 30pc stake in Hong Kong group LoscamAbu Dhabi-based Mubadala Investment Company has announced that it has reached an agreement to acquire a 30% stake in Loscam International, a provider of pallet pooling and returnable packaging solutions across the Asia-Pacific region. Mubadala will join the ex More… |
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Riyadh leads Saudi office rental market with 23% growthSaudi Arabia's office and hospitality sectors are enjoying record double-digit growth as international interest rises, with Riyadh office rents surging by 23% year-on-year to reach an all-time high of SAR2,700 ($719) per square meter as of the end of March, said global property consultanc More… |
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Autoworld to set up Bajaj motorcycles distribution hub in DubaiAutoworld International FZCO, a leading regional distributor for India’s Bajaj Auto Limited, has announced plans to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability More… |
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Global South Utilities to build 50MW solar project in MadagascarUAE-based Global South Utilities (GSU), a resources investment company, has signed two landmark agreements with Madagascar aimed at expanding renewable energy capacity and advancing the country’s clean energy transition. Under the first agreement with th More… |
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New Murabba signs up Korean group Naver for mega Saudi projectNew Murabba, a company of Saudi sovereign wealth fund PIF, has signed up South Korean tech giant Naver Cloud Corp for deployment of its innovative technology and automation at the 14-sq-km mixed-use urban destination development currently under construction in Riyadh, KSA. More… |
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Adnoc Drilling awards $800m hydraulic fracturing contractAdnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. This is its fifth major and accretive contract in just over 2 mon More… |
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Singapore tech firm to set up smart logistics facility in KezadSingapore-based tech innovator Singauto has announced that it has signed a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad Group), one of the largest operators of integrated and purpose-built economic zones in the region, for the establishment of its smart logistics More… |
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Tabreed, CVC DIF to buy Abu Dhabi’s PAL Cooling from Multiply GroupTabreed, a leading district cooling company based in Abu Dhabi, has entered into a partnership with CVC DIF, a Dutch mid-market infrastructure equity fund manager, to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group, in a deal with an equity value of AED3.8 billion ($1.03 bil More… |
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Arkan, British Telecom power DHL cloud rollout across Middle EastArkan Solutions, a leading Saudi-based provider of cloud communication services, has announced the successful go-live of its innovative PSTN integration service for DHL Express in Kuwait, Qatar and Jordan, in collaboration with British Telecom. Under a m More… |
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UAE, China launch service centre to boost $400bn Arab tradeUAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the $400 billion trade between China and the Arab world. A total of 40 important projects w More… |
