Agreement

NEWS DESK

GCCIA and QDF Inkpact a Landmark Financing Agreement for Oman Direct Interconnection Project

News Desk 1 14/02/2025 0

Under the patronage of His Excellency Engineer Salim Al Aufi, Minister of Energy and Minerals of the Sultanate of Oman, the Gulf Cooperation Council Interconnection Authority (GCCIA) and the Qatar Development Fund (QDF) formalized their partnership in a landmark financing agreement. This

NEWS DESK

Type One Energy and TVA Sign Agreement Focused on First Fusion Power Plant Project

News Desk 1 11/02/2025 0

In a commercialization landmark for the fusion industry, Type One Energy entered into a Cooperative Agreement with the Tennessee Valley Authority (TVA) to jointly develop plans for a potential TVA fusion power plant project in the Tennessee Valley region using Type One Energy stellarator fusion power technology. The 350 MWe fusion pilot power plant, named […]

NEWS DESK

Elm signs partnership agreement with Klues.AI to drive digital transformation across KSA

News Desk 1 10/02/2025 0

Elm, a pioneer in digital solutions, signed a collaboration agreement with Klues.AI, a company that specialises in AI and machine learning solutions, to foster meaningful cooperation and facilitate exchange of expertise in emerging technologies, AI and machine learning, further advancing digital transformation in this field. The signing took place during Elm’s

NEWS DESK

Supreme Court Sanctions Agreement for FTX DM Joint Official Liquidators

News Desk 1 30/01/2025 0

The Supreme Court of The Bahamas today approved an agreement for the Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd. (FTX DM) to subordinate the Securities Commission of The Bahamas’ (the Commission) $221.55 million regulatory claim against FTX DM. The Court-approved “Claim Subordination Agreement” between the JOLs and the Commission enables the

NEWS DESK

AQMC and Leading Hospitality Services (LHS) Sign Landmark Strategic Agreement

News Desk 1 29/01/2025 0

AQMC, a global leader in air-quality solutions, proudly announces its strategic partnership with Leading Hospitality Services (LHS). This collaboration represents a transformative step forward in advancing sustainability, innovation, and state-of-the-art air-quality technologies. The agreement was signed by Mrs. Ranyae Fernandes, Chief Executive Officer and

NEWS DESK

Valor Hospitality Partners Strengthens Dubai Presence with the Signing of a Hotel Management Agreement 

News Desk 1 22/01/2025 0

Valor Hospitality Partners, A global leader in full-service hotel management, has signed a strategic Hotel Management Agreement (HMA) with Karmastaji Group to oversee a portfolio of 3 hotels in Dubai, 259 keys and 5 outlets. This partnership underscores the trust that Dubai-based Karmastaji Group has placed in Valor Hospitality Partners Middle East to deliver exceptional

NEWS DESK

DUBAI SOUTH AND EXPEDITORS SIGN AGREEMENT TO OPEN A NEW FACILITY

News Desk 1 20/01/2025 0

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and Expeditors International of Washington, Inc. (NYSE: EXPD), a Fortune 500 global logistics company, today announced the signing of an agreement for the launch of a new facility for Expeditors at Dubai South’s Logistics District. This milestone underscores

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 acquisition, which is subject to regulatory approvals, will […]

NEWS DESK

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, […]

NEWS DESK

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

NEWS DESK

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 […]

NEWS DESK

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 […]

NEWS DESK

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 […]

NEWS DESK

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

NEWS DESK

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

NEWS DESK

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

NEWS DESK

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,

NEWS DESK

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

NEWS DESK

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 […]

NEWS DESK

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) […]