Environment & Energy | Monday 18 December, 2023 12:51 pm

Positive Zero to Drive Energy Transition in the GCC with BlackRock Investment

At the close of COP28, Positive Zero, a decentralized decarbonization infrastructure business headquartered in the UAE, announced an agreement for a fund managed by BlackRock’s Diversified Infrastructure group to invest up to $400 million in the company. This investment will support Positive...

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Business & Money | Monday 18 December, 2023 12:48 pm

Jadwa Investment acquires Black Spoon Group, bolsters consumer portfolio

Jadwa Investment acquired Black Spoon Restaurants Group as part of its latest private equity investment in the food and beverage sector. Jadwa Food & Beverage Opportunities Fund fully acquired the UAE-based Black Spoon Group, which has 10 branches under three brands, including its flagship ...

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Environment & Energy | Monday 18 December, 2023 10:16 am

COP28 delegates praise Mohammed bin Rashid Al Maktoum Solar Park and DEWA’s sustainability efforts

Dubai Electricity and Water Authority (DEWA) has organised field visits for 217 participants in COP28 to the Mohammed bin Rashid Al Maktoum Solar Park. Most of the visitors were from outside the UAE. The visits, which were organised during COP28, included the Innovation Centre and the 4th...

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Business & Money | Monday 18 December, 2023 10:15 am

ECSSR confirmed as UAE’s Knowledge Partner during WTO’s MC13

The UAE Ministry of Economy and the Abu Dhabi Department for Economic Development have announced the Emirates Centre for Strategic Studies and Research (ECSSR) as their official Knowledge Partner in hosting the WTO’s 13th Ministerial Conference (MC13) when it convenes in Abu Dhabi in February...

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Business & Money | Monday 18 December, 2023 10:13 am

DP World to relocate its global head office to Expo City Dubai

DP World has announced plans to relocate its global head office to Expo City Dubai, marking the latest milestone in the company's 50-year journey, as it continues to expand its global supply chain solutions. The move to Expo City is part of the company’s journey from a local port operator in ...

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Business & Money | Monday 18 December, 2023 9:07 am

TAM commences work in its project with Ministry of Hajj and Umrah

Tam Development Co. started its work and tasks on its project with the Ministry of Hajj and Umrah according to its schedule after signing commencement minutes until receiving the official contract signed by both parties.   The contract was delayed due to some administrative...

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Sports | Monday 18 December, 2023 9:05 am

EVIQ opens research, development center in Riyadh

The Electric Vehicle Infrastructure Company (EVIQ) announced the opening of a research and development center in Riyadh, which is the first of its kind in the region.   The new center will test and study a range of chargers and software to ensure the use of the best equipment and...

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Business & Money | Monday 18 December, 2023 9:03 am

AWPT inks contract with NWC to operate, maintain Jazan water projects

Alkhorayef Water and Power Technologies Co. (AWPT) signed today, Dec. 17, a 36-month contract with the National Water Co. (NWC) for the operation and maintenance of water projects in the villages and cities of Jazan, according to a statement to Tadawul.   The company won the contract ...

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Business & Money | Monday 18 December, 2023 8:56 am

OneDegree secures funding from Dubai Insurance and launches partnership for digital asset insurance

OneDegree, Asia’s first licensed insurer for digital assets, has partnered with Dubai Insurance Co. to offer digital asset insurance in the United Arab Emirates (UAE) and support web3 players in top hubs in the region, especially the UAE, after supporting clients in successfully obtaining...

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Healthcare | Monday 18 December, 2023 8:52 am

Saudi Researchers Develop New Technology to Diagnose Autism

King Faisal Specialist Hospital and Research Center KFSH & RC announced earlier in December the development of an advanced system to diagnose Autism Spectrum Disorder ASD. The innovation has received a patent from the US patient office USPTO and has also been featured as a promising...

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