Science and technology company Leidos Holdings Inc, on Thursday, launched its cyber secure software platform ‘ProSight’, where it aims to provide airport and commercial organization with a centralised security management system to tackle high risk area. The tech company said the newly built software will be unveiled during International Exhibition for Airport Equipment, Inter airport […]
Tech solution provider Endava Plc said it partnered with Ministry of Economy UAE’s NextGen FDI programs to extend its reach in the middle-east market with an aim to build on its existing team in Dubai’s Internet city and relocate senior leadership as well as technical team into the country. London-based Endava is listed on New […]
Isaral-based firm StoreDot partnered with producer and supplier of automotive parts Flex|N|Gate Group on Wednesday, with an aim to develop and expand extreme fast charging battery (XFC) cells for electric vehicles. The company said the partnership is also aimed at StorDot’s expansion in North American region by manufacturing and supplying robust, proven XFC cells to car […]
Mobility retailer Abu Dhabi National Oil Co (ADNOC) said the company is shifting its heavy vehicle fleet to B20 biofuel aiming for 15% reduction in CO2 emissions from the fleet and reducing carbon footprints. Earlier this year, ADNOC Distribution said it converted a $1.5 billion term loan linked to sustainability. This service is a penalty […]
Arab energy producer Sharjah National Oil Corp (SNOC), during ADIPEC’s energy conference has signed an agreement with natural gas manufacturer RAKGAS to provide gas storage services, on Tuesday. SNOC said the joint venture will allow RAKGAS to utilise SNOC’s gas storage facility to balance gas supply and demand by managing the fluctuation between high and […]
Automotive firm Wallan Trading Co said it partnered with electronic car manufacturer Zeekr Automotive, on Monday. The partnership is aimed to provide cleaner and greener energy in automotive sector in Saudi Arabia, while additionally providing premium design vehicles. Riyadh-based company said the collaboration is aligned with Saudi Arabian government’s vision 2030, which sets targets and […]
Canadian fintech company Nuvei Corp said it has established a new operational office in China with a vision to expand its presence in Asia-Pacific (APAC) region, on Monday. The company said it has a pre-established cross border clients as well as provide services and partnered with Chinese businesses like Geekbuying, an e-commerce platform, and Vakatrip, […]
First Abu Dhabi Bank (FAB) partnered with environmental asset developer Blue Carbon and with green energy firm Masdar to develop and to venture in carbon trading market of Middle East and North Africa (MENA) region on Monday. The bank signed a memorandum of understanding (MoU) with Blue Carbon and Masdar for supply of high-quality carbon […]
Emirate’s economic strategies and policies designed to foster development by Statistics Centre – Abu Dhabi (SCAD) said the gross domestic product (GDP) of Abu Dhabi increased by 3.5% in the second quarter of 2023 compared to a year ago, and the non-oil economy grew by 12.3% in the reported quarter, reported Zawya. The Abu Dhabi’s […]
Indian insurance company, SBI Life Insurance, on Friday, said it has signed a bancassurance agreement with, Sikkim-based bank, State Bank of Sikkim (SBS), this deal demonstrates SBI Life’s commitment to provide insurance solution available to the residence of Sikkim. The aim of this partnership is to expand its services across the state with SBS and […]
Integrated energy and chemicals companies, Aramco on Thursdays, has signed a definitive agreement to acquire minority stake of a liquefied natural gas (LNG) company, MidOcean, a subsidiary company of private energy Investment Company, EIG global energy partner. The deal is worth of $500 million. Dubai-based state owned, Aramco’s partnership with MidOcean Energy marks its first international […]
Cyber Security firm, WISeKey International Holding Ltd, on Thursday said that its semiconductors & public key infrastructure (PKI) subsidiary company SEALSQ Corp, has entered Taiwan market by having a distribution agreement with Taiwanese semiconductor distributor, Holy Stone Enterprise co. The cyber tech form, SEALSQ develops semi-conductor chips secure embedded firmware and hardware. It also works in […]
The Abu Dhabi Securities Exchange (ADX) has confirmed its partnership with UAE-based Sharjah Islamic Bank (SIB) to facilitate efficient access to initial public offering (IPO) subscriptions for investors, on Thursday. This newly formed partnership focuses on working together to simplify the process of obtaining a National Investor Number (NIN), an identification number issued by ADX […]
Marine equipment company Motive Offshore Group joined forces with energy service company, Emirates Specialized Contracting & Oilfield Services (ESCO), on Wednesday. The deal aims to bring innovation in offshore services and solutions to support the growing market in the Middle East and North African (MENA) region. The US-based ESCO will offer access to various sites […]
The Boston-based consultancy company, Bain & Company said it has partner with global software developing company, Microsoft to introduce artificial intelligence (AI) to their business clients to function fast and efficiently, on Wednesday. The collaboration with Microsoft focus to implement AI programs to improve client and customer survives and meet the growing demand of AI […]
