UAE’s Viola Communications partners with digital consultancy
Abu Dhabi-based Viola Communications, a subsidiary of Multiply Group, has announced a strategic partnership through a Memorandum of Understanding (MoU)...
Business
Dubai announces 2033 sport economy target
Chairman of Dubai Sports Council (DSC), Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, has announced the launch of the...
Saudi Arabia, Iraq, Kuwait to raise oil supplies to India
Saudi Arabia, Iraq and Kuwait will increase crude oil supplies to India in December as Indian refiners are looking for...
Qatar wealth fund to launch $2.5 billion private equity fund
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), is partnering with Japan’s Orix to start a $2.5 billion (£1.9 billion)...
Microsoft to invest over $15 billion in UAE by 2029
Microsoft is set to bring its total investment in the UAE to over $15 billion (£11.5 billion) by the end...
World’s biggest rooftop solar plant will be built in Bahrain
Dubai-based sustainable energy developer Yellow Door Energy and the investment company Foulath Holding have announced plans for a 123 Megawatt-peak...
QatarEnergy acquires offshore stake in Egypt
QatarEnergy has finalised its acquisition of a 40 per cent stake in the North Rafah exploration block, offshore Egypt, according...
UAE’s Multiply Group to target high growth sectors
Abu Dhabi investment company Multiply Group aims to target sectors that will provide double-digit growth, according to its chief executive,...
Abu Dhabi energy company sells stake in Indian power plant
Abu Dhabi National Energy Company (TAQA) has sold its entire stake in an Indian power plant for around $104.65 million,...
Saudi Arabia to move $925 billion away from megaprojects
Saudi Arabia is set to move $925 billion of its sovereign wealth fund away from real estate megaprojects that had...
MENA hospitality market to surpass $487 billion by 2032
The Middle East and North Africa’s hospitality is set to grow to more by than $487 billion (£365 billion) by...
Saudi asset manager announces $1.6 billion real estate fund
Leading Saudi asset manager, Riyad Capital, has announced a collaboration with the Saudi Railway Company to launch a $1.6 billion...
Emirates Driving Company acquires 22.5% stake in Mwasalat
Abu Dhabi-based Multiply Group, which is an investment holding company, announced on October 20th that its subsidiary, Emirates Driving Company...
AI-powered waste monitoring pilot set to launch in Abu Dhabi
Abu Dhabi’s Tajmee’e, Tadweer Group’s waste collection subsidiary, has collaborated with the global infrastructure intelligence company EchoTwinAI in a bid...
Swiss bank UBS opens advisory office in Abu Dhabi
The Swiss bank UBS has opened a new advisory office in Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM),...
