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Category: Business
Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, has announced that its subsidiary, L&T Energy Hydrocarbon (LTEH), has secured a significant contract worth $1.5 billion from Saudi Aramco. This contract involves providing essential engineering, procurement, and construction (EPC) services for the first phase of Aramco’s ambitious Carbon Capture & Storage (CCS) hub in...
Abu Dhabi’s ADQ has successfully completed the acquisition of a 49% stake in Plenary Group, a move aimed at enhancing its focus on opportunities within the public and social infrastructure sectors in the Middle East. This strategic partnership is expected to create a new platform dedicated to addressing infrastructure needs in the region. The acquisition...
The exclusive peer network Tiger 21 has launched its Dubai chapter, aiming to assist ultra-wealthy individuals in diversifying their investments and managing their wealth more effectively. This expansion provides members with a platform to engage in discussions about inheritance and philanthropy, which are crucial topics for high-net-worth individuals. Tiger 21, known for its focus on...
Thales Emarat Technologies, which is part of the French global Thales Group, says it will start making radar antennas in the United Arab Emirates this year. The company wants to grow its business in the region, so this project is meant to meet both local and international needs. As part of this growth, Thales Emarat...
The Egyptian government has agreed to build a $7 billion industrial complex with the help of a group made up of Shard Capital Partners from the UK, Royal Strategic Partners from the UAE, and Al-Qahtani Group from Saudi Arabia. Shard Capital Partners made the statement. They are the lead firm in the alliance and have...
The Indian food company Haldiram’s and the Jebel Ali Free Zone (Jafza) are working together to build one of the biggest saffron production plants in the Gulf Cooperation Council (GCC). The deal was made in Dubai at the Gulfood event. The building is set to open for business in March 2025. Kesar Expert and Packers...
Aqua Bridge, an aquaculture company based in the UAE that is connected to the powerful Al-Maktoum family in Dubai, has announced plans to build an aquaculture farm and study center in Uttar Pradesh, India. The project, which wants to help India’s growing aquaculture industry, will need an initial investment of $461 million. In the town...
The Abu Dhabi Investment Forum was recently held in Shanghai. Its goal was to help investors and important decision-makers talk to each other directly. The event was called “Invest with Abu Dhabi” and its main goal was to look into advanced business and investment options in the capital of the United Arab Emirates. The forum’s...
A recent important business meeting was held at The Chedi Al Bait Hotel in Sharjah by the Sharjah FDI Office, also known as Invest in Sharjah, and the Consulate General of the UAE in Geneva. This event was meant to strengthen business ties between Sharjah, UAE, and Neuchatel, Switzerland, and make it easier for people...
Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, led an Emirati delegation on an official visit to Warsaw, Poland. The visit, which took place on February 20, aimed to explore potential areas for trade and investment collaboration between the two nations. During the visit, Minister Al Zeyoudi emphasized the...