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Category: Business
Jebel Ali Free Zone (JAFZA) has entered into an agreement with the German technology group Allied Heat Exchange AG (A-HEAT) to establish the largest heat exchanger production facility in the Gulf Cooperation Council (GCC). This significant development aims to address the increasing demand for energy-efficient cooling solutions, particularly for data centers that require advanced thermal...
UAE technology services firm Alpha Data announced its intention to list on the Abu Dhabi Securities Exchange (ADX), offering 400 million shares, which represents 40% of its capital. This listing will consist entirely of existing shares owned by investors Bin Hamoodah and Ibbini Investment, as stated by the company. In its financial report for the...
UAE’s tech and telecommunications group e& is making strides in Europe with its latest acquisition of a Serbian cable TV and internet services provider, valued at 825 million euros. This move is part of e&’s strategy to expand its presence in the region. The acquisition will be managed by e& PPF Telecom Group BV, a...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, held a meeting with Andrzej Duda, President of Poland, during the first day of the World Governments Summit (WGS) 2025. This significant event commenced on February 11 and will run until February 13 under the...
Almila, a well-known Turkish furniture brand that specializes in furniture for babies, children, and teenagers, has officially opened its first store in the UAE. The new store is located at Reem Mall in Abu Dhabi, showcasing Almila’s signature combination of quality, innovation, and craftsmanship aimed at enhancing family life in the region. With a strong...
Emirates Integrated Telecommunications Company, known as du, has released remarkable financial results for the year 2024. The telecom operator reported a net profit surge of 49.1 percent, reaching AED 2.49 billion. Additionally, company revenues saw a 7.3 percent increase, totaling AED 14.64 billion, as reported by state media. The board of directors at du has...
Pakistan’s Deputy Prime Minister and Minister for Foreign Affairs, Senator Mohammad Ishaq Dar, has called on UAE-based firms, including Etisalat and the global technology group e&, to enhance their investments in Pakistan’s telecom sector. During a meeting in Dubai with Khalifa Al Shamsi, the CEO of e& life and e& international, Dar emphasized that Pakistan...
Grant Thornton UAE, a prominent financial services firm, has officially opened a new office in Sharjah. This expansion marks a significant milestone in the company’s growth journey and demonstrates its commitment to serving clients in the Northern Emirates and across the UAE. According to WAM, the opening ceremony featured key figures such as Walid Al...
Dubai is preparing to inaugurate the 2nd Japan Trade Exhibition on February 10, 2025, at the Dubai World Trade Centre (DWTC). The event will feature participation from more than 100 companies and brands, showcasing the growing trade relationship between the UAE and Japan. The organizer, Maico Enterprise, anticipates significant growth in trade volumes and foreign...
The Abu Dhabi Developmental Holding Company (ADQ) has partnered with the State Capital Investment Corporation (SCIC), a sovereign wealth fund owned by the Government of Vietnam. They have signed a Memorandum of Understanding aimed at creating a framework for collaboration in key sectors of mutual interest within Vietnam. This partnership seeks to identify and assess...