National Marine Dredging Company (ADX: NMDC) has established its global credentials as one of the leading Engineering, Procurement, Construction (EPC) and Marine Dredging groups by achieving a record net profit of AED one billion in 2021. This surpasses industry estimates and positions The Group as one of the world’s most profitable and fastest-growing EPC majors. […]
Al Salam Bank (“Al Salam Bank”) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) and Ithmaar Holding B.S.C. (“Ithmaar Holding”) (Bahrain Bourse and Dubai Financial Market Trading Code “ITHMR”) have agreed the acquisition by Al Salam Bank of the consumer banking business of Ithmaar Bank, and Ithmaar Holdings’ ownership stake in both […]
Investor interest is gaining momentum in the IPO of Barka Desalination Company SAOG (under transformation) (BDC or the Company). The Company, alongside the issue manager – Bank Muscat Investment Banking, has been holding several meetings with key investors for Phase I of the IPO (i.e. Book Building). Meetings were conducted with more than 50 key […]
Global clinicians made ‘exhibition history’ by attending a lecture in the Metaverse with the launch of The Metaversity hosted live from Arab Health. Presented by Professor Shafi Ahmed, Chief Medical Officer of Medical Realities, the session took place on the ABHI UK operating theatre and connected medical professionals from around the globe. “In the future, […]
With the COVID-19 pandemic acting as a transformation catalyst and accelerating innovation across the entire healthcare ecosystem, visitors at Arab Health 2022, which runs from 24 until 27 January at the Dubai World Trade Centre, had the opportunity to hear the latest insights, discoveries, and predictions for the future from the visionary companies that are […]
Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health, has opened a new commercial office in Dubai, United Arab Emirates. The decision follows years of growing sales of Zimmer Biomet’s advanced technologies, surgical robotics and implants to hospitals and clinics […]
2021 was a huge year for the cryptocurrency market, with huge strides in growth and adoption of digital assets, NFTs, and blockchain worldwide. It was also an incredible year for Moonstake as we rose to the top rankings of global staking providers, reaching a total staking assets of $1.8 billion thanks to the support of […]
Microsoft for Startups Middle East today announced it has opened a second round of applications for Microsoft for Startups’ highly successful GrowthX Accelerator Programme and is accepting registrations for the next series of virtual conferences in the well-received Highway to 100 Unicorns virtual conference. The GrowthX Accelerator and Highway to 100 Unicorns are part of […]
Dr Ajai Chowdhry, HCL Founder and Chairman-Start-up Committee, FICCI yesterday announced the launch of India-UAE VC Fund of USD 150 million from the India Pavilion at EXPO2020 Dubai. The VC Fund is a first of its kind to be set up in the UAE with a purpose to source, invest, and nurture promising start-ups through […]
Weaveworks Limited, the GitOps company with headquarters based in London and San Francisco, has announced its acquisition of Magalix Corporation, an Egyptian-American cloud-security startup. Founded in 2017, Magalix successfully completed multiple rounds of investments, totaling 4.2 million USD. Among Magalix’s biggest supporters and investors in Egypt include Endure Capital and Egypt Ventures. Headquartered in the […]
