Grundfos bounces back after COVID-19 revenue slump

Strong second half of the year helps Danish firm get close to 2019 performance. Grundfos has revealed that it returned to "stronger...

Diales establishes in-house team of Arabic-speaking technical experts

Team will assist clients in the submission of complex technical matters to local courts across the GCC region and in the presentation...

Aldar Properties offers to buy 51% stake in Egypt’s Sodic

Abu Dhabi-based developer submits a preliminary non-binding offer for a majority stake in the Egyptian real estate group. Aldar Properties, the UAE-based...

Diyar Al Muharraq launches Mozoon

Bahraini residential project is located on a prime waterfront location and will meet a diverse spectrum of individual home builders’ needs, developer...

AI optimising new Qatar desalination plant operations

Company finances project at Umm Al Houl plant from its global decarbonisation fund, implementing Maestro AI platform for reducing emissions . Qatar’s...

Sheikh Mohammed bin Rashid Al Maktoum launches Dubai 2040 Master Plan

Plan will map out a comprehensive future map for sustainable urban development in the city. His Highness Sheikh Mohammed bin Rashid Al...

Renaissance Services secures funding for expansion of workers’ village

Bank Muscat’s investment banking team was the financial advisor for RSVD on the debt financing project. Oman-based Renaissance Services has announced that...

DXB Entertainments transfers $1.3bn debt to Meraas in exchange for 53 billion ordinary shares

Exchange was approved by shareholders during general assembly on March 9, 2021. DXB Entertainments, the Dubai-based leisure and entertainment company and operator...

Majid Al Futtaim officially opens City Centre Al Zahia

New retail destination will connect with the one-million-square-metre residential community of Al Zahia. Majid Al Futtaim, the UAE-based shopping mall, communities, retail...

DP World inks deal with partners to establish new $1.2bn port in Indonesia

Since its launch four years ago, the $8.2bn DP World-CDPQ platform has invested in 10 port terminals globally and across various stages...

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