Mitsubishi Power, a division of Mitsubishi Heavy Industries (MHI), has secured two significant supply orders for the Rumah-1 and Al-Nairyah-1 Independent Power Plant (IPP) projects in Saudi Arabia. These orders are in collaboration with Doosan Enerbility Company, under which Mitsubishi Power will provide six advanced M501JAC gas turbines, along with generators and auxiliary equipment. This initiative is expected to play...
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Haldirams Secures Investment from Abu Dhabi’s IHC and Alpha Wave Global
Haldirams, one of India’s largest snack brands, has secured a significant investment from Abu Dhabi’s International Holding Company (IHC). Alongside IHC, Alpha Wave Global has also acquired equity in Haldirams, marking a strategic move that aims to bolster the company’s financial standing and provide the necessary funds for further expansion, particularly in the United States and the Middle East. The...
First International Wireless Aviation Championship Kicks Off in Al Ain
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Mitsubishi Power to Supply Gas Turbines for Saudi Arabia’s Power Projects
Mitsubishi Power, a division of Mitsubishi Heavy Industries (MHI), has secured two significant supply orders for the Rumah-1 and Al-Nairyah-1...
Neo-Concept Opens First Les100Ciels Store in Abu Dhabi
Neo-Concept (NCI) International has officially announced the soft opening of its inaugural Les100Ciels store in the Middle East and North...
Maroc Telecom and Inwi Resolve Dispute and Launch Joint Ventures
Maroc Telecom, which is controlled by the UAE, and its domestic competitor Inwi, owned by Morocco’s royal family, have reached...
Saudi Arabia to Simplify Business Registration with New Law Effective April 3
Saudi Arabia is preparing to implement significant reforms to its business registration system with the new Law of Commercial Register...
UAE Beauty Industry Sees Significant Revenue Boost During Ramadan
The UAE’s beauty industry has experienced a substantial increase in revenue during the holy month of Ramadan. Sales of cosmetics...
Overseas Indians Send Home Record $129.4 Billion in 2024
Indians working abroad transferred a remarkable total of $129.4 billion back to India in 2024, marking a significant milestone in...
Abu Dhabi’s IHC to Acquire Stake in $10 Billion Indian Snack Food Company Haldiram
Abu Dhabi-based International Holding Company (IHC) is set to acquire a stake in Haldiram Snacks, a leading Indian snack food...
EY-Parthenon Plans $250 Million Investment in AI-Powered Edge Platforms
EY-Parthenon, the strategy consultancy unit of EY, is set to make a significant $250 million investment in its AI-powered Edge...
DEWA Reports Increase in Commercial Electricity Connection Requests
Dubai Electricity and Water Authority (DEWA) has announced a 4.51 percent annual increase in requests for electrical connections related to...
ADQ Acquires 63.26% Stake in Aramex in Strategic Takeover
ADQ, a prominent sovereign investor focused on critical infrastructure and global supply chains, has successfully acquired a 63.26% stake in...
UAE Announces Reduced Fuel Prices for April
Motorists in the UAE will benefit from lower fuel prices in April, as confirmed by the UAE Fuel Price Committee...
UAE’s CEPA Programme Expands Global Economic Ties with 26 Agreements
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) programme, launched in September 2021, has successfully established 26 agreements with strategically important...
Invest Caribbean to Showcase Key Investment Opportunities at UAE Events in April
Invest Caribbean, recognized as the leading global private sector investment agency for the Caribbean and Central America, will participate in...
GCC Faces $7 Billion Food Waste Crisis: Retailers Urged to Lead Change
Food waste is a significant challenge in the Gulf Cooperation Council (GCC) countries, where it averages 150 kilograms per person...
GymNation Partners with Hyrox to Launch Performance Centers in the Middle East
GymNation, a fitness operator based in the Middle East, has signed a multi-year agreement with global fitness race brand Hyrox...
Vinsmera Group Plans big Investment in Jewellery Expansion in UAE and India
Vinsmera Group, a prominent global jewellery enterprise led by the Kambrath brothers—Dinesh, Anil, Manoj, and Krishnan Kambrath—has announced a investment...