Agreement

NEWS DESK

NMDC LTS signs definitive agreement to acquire a 70% equity stake in Emdad

News Desk 1 06/12/2024 0

NMDC LTS, a wholly owned subsidiary of NMDC Group, has announced the signing of a definitive agreement to acquire a 70% stake of the share capital and voting rights in Emdad, an integrated service provider specializing in the oil and gas, utilities, and industrial sectors. This strategic

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DUBAI SOUTH SIGNS AGREEMENT WITH BT PROPERTIES TO DEVELOP A UNIQUE MASTER COMMUNITY AT THE GOLF DISTRICT

News Desk 1 06/12/2024 0

Dubai South, the largest urban master development focusing on aviation, logistics, and real estate, has announced the signing of an agreement with BT Holding LLC, Dubai. The agreement entails the development of a gated-master community within Dubai South’s Golf District, located near Al Maktoum International Airport. The agreement was signed by HE Khalifa Al Zaffin, […]

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Emirates Islamic and Visa renew long-term strategic partnership agreement

News Desk 1 05/12/2024 0

Emirates Islamic, one of the leading Islamic financial institutions in the UAE and Visa, a world leader in digital payments, have announced the renewal of their partnership with a multiyear agreement. The extension of their long-term partnership underscores their shared values of providing innovative customer-centric products and solutions to customers and boosting digital

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His Highness Sheikh Mohammed bin Hamad Al Sharqi attends signing of a cooperation agreement

News Desk 1 29/11/2024 0

His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, attended the signing of a cooperation agreement between various Fujairah Government departments and the Mohammed Bin Rashid Space Centre (MBRSC) at his office in Emiri Diwan in Fujairah. The accord was signed by His Excellency Salem Humaid AlMarri, Director General of […]

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OMODA & JAECOO Announces Agreement with Galadari as First Distributor to Introduce its Line-Up to UAE Market

News Desk 1 27/11/2024 0

OMODA & JAECOO, the innovative automotive brand dedicated to pioneering the future of travel, has officially announced the signing of a Memorandum of Understanding (MoU) with its first UAE distributor, Galadari. With this milestone, the brand is paving a clear path for its upcoming market operations in the UAE as a Middle Eastern hub and […]

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FIFA announces multi-year agreement with Rock-it Cargo as Official Logistics Provider of FIFA World Cup 26™

News Desk 1 22/11/2024 0

FIFA has selected Rock-it Cargo, a Global Critical Logistics (GCL) company, as the Official Logistics Provider of the FIFA World Cup 26™ – the game-changing edition of the tournament set to take place across 16 Host Cities in Canada, Mexico and the USA from 11 June to 19 July 2026. Rock-it Cargo will help FIFA […]

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MCI and Within Construction Sign Strategic Cooperation and Distribution Agreement

News Desk 1 21/11/2024 0

MCI Mining Construction International GmbH (MCI), a global leader in mining, earthmoving, and material handling machinery, and Within Construction for General Contracting Co. (Within Construction), a premier EPC contractor based in Saudi Arabia, are proud to announce the signing of a Strategic Cooperation and Distribution Agreement. This landmark partnership is set to

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DSI and Frontgrade Sign Agreement to Develop and Distribute Next Evolution of 2TB Mass Memory Unit for Space

News Desk 1 20/11/2024 0

Representatives from DSI Aerospace, a provider of high-performance electronics and mass storage systems for airborne and space applications, and Frontgrade Technologies, the leading provider of high-reliability, radiation-assured solutions for the defense, commercial, and civil industries, signed an agreement at Space Tech Expo to develop Frontgrade’s SpaceStor™ 2TB

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Sobha Realty Extends Sponsorship Agreement with Al Nasr Club

News Desk 1 14/11/2024 0

Sobha Realty, a leading luxury real estate developer in Dubai, has renewed its sponsorship agreement with Al Nasr Club’s first football team, reinforcing its commitment to supporting the sports sector both locally and internationally. Sobha Realty is dedicated to empowering youth, nurturing their potential through education, sports, and skill-building initiatives that

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Agility Robotics Announces Strategic Investment and Agreement

News Desk 1 13/11/2024 0

Agility Robotics, creator of the leading bipedal Mobile Manipulation Robot (MMR) DigitⓇ, today announced during an appearance at global technology conference Web Summit that Schaeffler has made a minority investment in the company. In addition to the investment, the companies have signed an agreement in which Schaeffler, the motion technology company,

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ExxonMobil Announces Licensing Agreement to Expand Proprietary Rebar Processing Technology to Global Markets

News Desk 1 01/11/2024 0

ExxonMobil announced today a strategic licensing agreement with Neuvokas Corporation, producer of GatorBar®, an industry leading glass fiber reinforced polymer (GFRP) composite rebar. Under this agreement, ExxonMobil has obtained exclusive rights to sub-license Neuvokas’ proprietary manufacturing process in markets outside of North America. This collaboration marks a

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SLB Announces Definitive Agreement to Sell Its Interests in Palliser Block

News Desk 1 18/10/2024 0

Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is subject […]

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AWS and e& enter into a US$1 billion-plus agreement as part of new strategic alliance

News Desk 1 15/10/2024 0

e&, the global technology group which serves more than 175 million subscribers in 34 countries, today announced a strategic partnership with Amazon Web Services (AWS), the world’s most comprehensive cloud provider. This follows AWS’s launch of its second Middle East cloud region in the UAE in 2022, with a planned US$5 billion (AED 20 billion) […]

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Ajman Tourism Development Department signs sponsorship agreement

News Desk 1 25/09/2024

The Ajman Tourism Development Department signed a sponsorship agreement with Etihad Water and Electricity, reaffirming its commitment to fostering collaboration within the nation’s key sectors. The agreement will establish a strategic alliance between both entities, with an aim to sponsor community and tourism events, as well as a diverse array of activities to achieve

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The Environment Agency – Abu Dhabi and International Center for Biosaline Agriculture Sign Agreement

News Desk 1 24/09/2024

In line with the UAE’s Year of Sustainability and to ensure the best use of Abu Dhabi’s natural resources, the Environment Agency – Abu Dhabi (EAD) and the International Center for Biosaline Agriculture (ICBA) have joined forces under a new agreement. The memorandum of understanding (MoU) will foster effective cooperation on ground water, soil, and […]

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Moro Hub and Salzer Technologies Sign Collaboration Agreement to Enhance Market Offerings

News Desk 1 07/09/2024

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), and Salzer Technologies, pioneers in IT Services, Consulting, System Integration, Branding, Business Solutions & Mobility Services have officially entered into a strategic Technology Collaboration Agreement (TCA). This partnership signifies a pivotal step in the

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Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction

News Desk 1 04/09/2024

Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from

Oil & Gas

QatarEnergy and KPC sign 15-year LNG supply agreement

Arnold Pinto 30/08/2024 0

Involving 3 MTPA to Kuwait QatarEnergy and Kuwait Petroleum Corporation (KPC) have formalised a 15-year LNG Sale and Purchase Agreement (SPA) for the delivery of up to 3 million tons per annum (MTPA) of liquefied natural gas (LNG) to Kuwait. The agreement, which underscores the growing energy collaboration between the two Arabian Gulf states, was […]

NEWS DESK

Organon & Lilly Expand Migraine Commercialization Agreement

News Desk 1 20/08/2024

Organon (NYSE: OGN), a global healthcare company with a focus on women’s health, announced it has expanded its agreement with Eli Lilly and Company (Lilly) to become the sole distributor and promoter for the migraine medicine Emgality® (galcanezumab) in the following additional markets: Canada, Colombia, Israel, South Korea, Kuwait, Mexico, Qatar, Saudi Arabia,

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Agreement Between Ajman Department of Finance and Ajman Specialty General Hospital

News Desk 1 02/08/2024

The Ajman Department of Finance continues its efforts to achieve a qualitative shift in providing services related to government procurement in the emirate, having concluded a new service provision agreement with Ajman Specialty General Hospital. Through this agreement, the hospital will benefit from the services of the “Tawreed” platform in the Ajman government, as part