Beam Global (NASDAQ: BEEM) announced on Thursday that it has signed a joint venture agreement with the Platinum Group, which is based in the United Arab Emirates (UAE). This partnership aims to establish a new entity known as Beam Middle East, focusing on advancing renewable energy solutions in the region. The collaboration reflects Beam Global’s...
Beam Global (NASDAQ:BEEM) has announced a joint venture agreement with the Platinum Group, a company based in the United Arab Emirates (UAE). This collaboration aims to create Beam Middle East, which is expected to enhance Beam Global’s presence in the region. The joint venture will focus on advancing renewable energy solutions and promoting sustainable technologies...
Abu Dhabi Ports Company (AD Ports) has signed three heads of terms (HoTs) with the Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY) for strategic maritime and ports projects. The collaboration aims to establish a joint venture (JV) to manage drydock facilities and shipyards, which is expected to enhance dry docking and shipbuilding capabilities within...
Abu Dhabi’s AD Ports Group has entered into three letters of intention with the Arab Shipbuilding & Repair Yard Company (ASRY), based in Manama, to enhance marine services in Bahrain and collaborate on strategic maritime and port projects. These agreements follow the establishment of a joint venture, ASRY Marine, formed between Noatum Maritime, which is...
EDGE Group, a prominent player in advanced technology and defense, has announced a collaboration with Leonardo to establish a joint venture (JV) in Abu Dhabi. This initiative aims to create a state-of-the-art technology hub in the UAE, designed to serve global markets through a unified and synergistic approach. The memorandum of understanding (MoU) was signed...
Jindal SAW, an Indian manufacturer of steel pipes for the energy, transportation, and water sectors, has announced a significant investment of $118 million to enhance its operations in the Middle East and North Africa (Mena) region. This plan includes establishing a new facility in Abu Dhabi, which will require an investment of $105 million and...
In an effort to enhance tax transparency and improve the business environment in the country, the UAE Ministry of Finance has announced a Cabinet decision regarding the treatment of joint ventures. This decision, approved by the Federal Tax Authority, allows joint ventures to be treated as taxable entities under Federal Decree-Law No. (47) of 2022...
AD Ports Group, a prominent facilitator of global trade and logistics, has signed a Head of Terms Agreement with Advario, a leading provider of tank storage and infrastructure solutions. This agreement aims to explore the establishment of a joint venture focused on developing and operating green energy and liquid bulk storage projects both in the...
Abu Dhabi-based alternative investment manager Lunate is collaborating with Brookfield Asset Management, a firm listed on the New York Stock Exchange, to establish a joint venture worth $1 billion. This new partnership aims to develop build-to-sell residential properties throughout the Middle East. The joint venture signifies a strategic move in the real estate sector, emphasizing...
Abu Dhabi alternative investment manager Lunate is establishing a $1 billion joint venture with Brookfield focused on residential real estate in the Middle East. This announcement was made in a statement on Tuesday, outlining the venture’s aim to develop high-quality build-to-sell and opportunistic buy-to-sell residential assets across the UAE, Saudi Arabia, and other regional markets....