The United Arab Emirates (UAE) and Bahrain have initiated the implementation of their bilateral Investment Promotion and Protection Agreement. This agreement officially came into effect on Thursday, May 8, after both countries completed the necessary legal procedures. This pact emphasizes the strong fraternal ties and the growing economic partnership between the two nations. It reaffirms...
Saudi Arabia has signed a memorandum of understanding (MOU) with packaging solutions company Sidel in Paris, France, aiming to explore the establishment of packaging operations within the kingdom. This agreement was formalized during the official visit of Saudi Arabia’s Minister of Industry and Mineral Resources to France. The MOU was signed by Saleh AlSolami, CEO...
OMNIYAT Group, known for its ultra-luxury developments, has established a Strategic Advisory Board aimed at supporting its next phase of growth and transformation. This decision follows a significant achievement for the Group, marked by OMNIYAT’s successful entry into international debt capital markets with a $500 million green sukuk. The establishment of the Advisory Board aligns...
DXC Technology, a prominent global technology services provider, has unveiled its new offering, DXC Complete with SAP and Microsoft. This initiative aims to support SAP customers in transitioning to modern solutions, facilitating their RISE with SAP and GROW with SAP journeys, alongside SAP Business AI solutions hosted on Microsoft Azure. As a Managed Service Provider...
ADNOC Drilling Company has announced a significant allocation of approximately $700 million for new acquisitions in 2025. This move is part of the company’s strategy to enhance its operations both locally in the UAE and in international markets, as stated by CEO Abdulrahman Abdulla Al Seiari. The acquisitions will be facilitated through Enersol, a joint...
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, has announced that investments from the United Arab Emirates in Belarus have now exceeded $4 billion. This significant milestone highlights the expanding economic relations between the two countries, characterized by a remarkable qualitative leap across various industries. Al Zeyoudi emphasized that the...
Al Fardan Corporation has entered a strategic partnership with RaonSecure to transform digital security in the Middle East. This collaboration was officially announced during the World IT Show (WIS) 2025 in Seoul, where Mr. Mohammed Ebrahim Al Fardan, CEO of Al Fardan Corporation, signed the agreement with Mr. Sean SangYoup Lee, Director of Global Business...
International Holding Company (IHC), recognized as one of the UAE’s most valuable listed companies, has teamed up with BlackRock, the world’s largest asset manager, to establish a $1 billion reinsurance company. The new entity, which is still unnamed, will be supported by over $1 billion in initial equity commitments and aims to target $10 billion...
Abu Dhabi investment firm International Holding Company (IHC) has joined forces with BlackRock to establish a reinsurance platform valued at $1 billion, which will be based in the Abu Dhabi Global Market (ADGM). The partnership aims to incorporate additional hybrid and debt financing into the venture. The unnamed platform will offer underwriting capabilities and will...
The Abu Dhabi Investment Office (ADIO), which is state-backed, is expanding its operations in the United States to secure additional funding for the local health sector. This expansion aims to enhance Abu Dhabi’s capabilities in clinical validation and regulatory advancement, as reported by the state-run Wam news agency. The San Francisco office will focus on...