Home News Archive by category Business (Page 9)

Business

Get the latest Business news from the Middle East. Stay informed on market trends, investments, and economic developments in 60 characters.

Business
Business

Nissan and Honda terminate business integration plan

Shift focus to strategic partnership Nissan Motor and Honda Motor have terminated their memorandum of understanding (MOU) for a potential business integration, originally signed on December 23, 2024. The decision comes after extensive discussions between the management teams of both companies, including their respective CEOs, on the market environment, integration goals,
HPL
Business Logistics

Hellmann acquires full ownership of HPL Apollo

To expand its operational footprint Hellmann Worldwide Logistics has acquired 50 per cent of shares in HPL Apollo, a perishable logistics joint venture previously co-owned with Mercury Aviation. The move signifies Hellmann’s commitment to strengthening its position in the global perishable logistics market and expanding its capability to provide tailored, efficient
ITA
Aviation Business

Lufthansa Group acquires 41 per cent stake in ITA Airways

Arnold Pinto
A significant expansion for both parties Lufthansa Group has officially finalised its acquisition of a 41 per cent stake in ITA Airways, marking the Italian airline’s integration into Europe’s leading aviation group. After receiving regulatory approval from the European Commission and competition authorities outside the EU, the deal involved a capital increase of 325
McDonald's
Business

Cognizant and McDonald’s renew strategic partnership

To drive innovation in AI Cognizant and McDonald’s Corporation have announced a multi-year extension of their strategic partnership, initially formed in 2017. The renewed agreement will continue to leverage cutting-edge technologies to improve McDonald’s operational efficiency, customer experience, and staff enablement. Cognizant will support McDonald’s in key areas,
Green
Business Sustainability

Nissan to expand use of green steel in Japan

Aims for FY2025 use to be higher Nissan Motor has unveiled plans to increase its use of low-CO2-emission steel in Japan dramatically. It aims to quintuple its use by fiscal year 2025 compared to fiscal year 2023. This bold initiative is part of Nissan’s broader strategy to reduce carbon emissions and move towards carbon neutrality. To […]
CAE
Business

Turkish Airlines implements CAE’s Crew Management solution

Platform improves crew productivity CAE has partnered with Turkish Airlines, moving forward with a long-term agreement to implement CAE’s next-generation Crew Management product and Unified Task Board. The solution will enhance Turkish Airlines’ operations control centres (OCCs) and complement the airline’s long-standing use of CAE’s Flight Plan Management
Mobily
Business

Mobily and iBasis strengthen global mobile data services pact

Signed at Capacity Middle East 2025 Etihad Etisalat (Mobily), one of Saudi Arabia’s leading digital enablers in the technology, media, and telecom (TMT) sector, has extended its partnership with iBasis, a global leader in communications solutions for operators and digital players. The new agreement, signed at Capacity Middle East 2025, renews their multi-service IPX
Gogo
Business News Tech

Gogo, Satcom Direct, and Airbus in new partnership

Arnold Pinto
For Airbus corporate jets Gogo Business Aviation and Satcom Direct have finalised a comprehensive Memorandum of Understanding (MoU) with Airbus. The agreement marks the beginning of a partnership to bring advanced, low-latency, high-speed broadband internet to Airbus Corporate Jets (ACJ) operators. Under the MoU, Gogo’s cutting-edge Air-to-Ground (ATG), FlightDeck Freedom,
Airlock
Business Space

Thales Alenia Space to develop Emirates Airlock Module

Arnold Pinto
For NASA’s Lunar Gateway Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), has signed a contract with the Dubai-based Mohammed Bin Rashid Space Centre to design and develop the Emirates Crew and Science Airlock Module. This critical element will be docked to NASA’s Lunar Gateway cislunar space station and play a […]
Northrop
Business

Serco to acquire Northrop Grumman’s MT&S business

Arnold Pinto
Deal is worth $327 million Serco, a UK-based Serco Group subsidiary, has agreed to acquire Northrop Grumman’s Mission Training and Satellite Ground Network Communications Software (MT&S) business for $327 million (£264 million) in cash. The acquisition positions Serco to expand its footprint in the US defence sector, as MT&S offers the US military advanced mission
Boxer
Business Defence & Security

First British-Made Boxer armoured vehicle debuts

At International Armoured Vehicles Conference January 21, 2025, marked a historic moment for UK defence. The first British-made Boxer armoured vehicle was unveiled at the International Armoured Vehicles (IAV) Conference. UK Minister for Defence Procurement and Industry Maria Eagle was honoured to present the car. This signals a significant step in the UK’s return to […]
Alice
Business

Alice & Bob secures €100m Series B funding

To revolutionise quantum computing Alice & Bob, a pioneering company in the race for fault-tolerant quantum computing, has raised €100 million in its Series B funding round. The investment, led by Future French Champions (FFC), AXA Venture Partners (AVP), and Bpifrance, will accelerate the company’s efforts to build the world’s first practical and scalable quantum […]
Contract
Business

Serco consortium wins key maintenance contract

For Belgian and Dutch mine countermeasure fleets The Belgian and Dutch navy has awarded Serco, Exail Robotics Belgium, and Naval Group Belgium a significant maintenance contract for their Mine Countermeasure (MCM) vessels. The contract, known as 24NSPER, is part of a broader effort to modernise and maintain the MCM fleets, ensuring they remain operational and […]
MoU
Aviation Business

Leonardo signs MoU with Saudi Arabia

Arnold Pinto
To boost aerospace and defence Leonardo has signed a Memorandum of Understanding (MoU) with the Ministry of Investment (MISA) and the General Authority for Military Industries (GAMI) of Saudi Arabia. The MoU focuses on expanding collaboration in the aerospace and defence sectors, marking a significant step forward in the companies’ long-standing partnership. The