Agreement

NEWS DESK

SRC and SNB Sign SAR 3.4 Billion Mortgage Portfolio Acquisition Agreement

News Desk 1 03/03/2025 0

The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a SAR 3.4 billion mortgage portfolio acquisition agreement with the Saudi National Bank (SNB), Saudi Arabia’s largest financial institution. The deal marks one of the largest mortgage refinancing transactions in Saudi

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QUBE Development and Dubai Land Department Sign Strategic Agreement

News Desk 1 27/02/2025 0

QUBE Development has signed a strategic partnership agreement with the Dubai Land Department (DLD) to empower Emirati real estate brokers, reinforcing their role in Dubai’s dynamic real estate sector. This landmark collaboration underscores both entities’ commitment to fostering local talent and enhancing the competitiveness of one of Dubai’s most vital economic sectors.

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Ajman Department of Tourism Development and Emirates Autism Society join forces

News Desk 1 26/02/2025 0

The Ajman Department of Tourism Development (ADTD) signed a Memorandum of Understanding (MoU) with the Emirates Autism Society (EAS) in line with its ongoing efforts to promote quality-driven policies and systems of excellence followed by the Ajman government. The agreement, signed in the presence of His Excellency Mahmood Khaleel Alhashmi, Director General of ADTD and

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Zimmer Biomet enters a distribution agreement with Promamec in Morocco

News Desk 1 18/02/2025 0

Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, has entered into a strategic distribution agreement with Promamec, a leading provider of medical devices in Morocco. This collaboration demonstrates Zimmer Biomet’s commitment to expanding access to its advanced technologies and innovation solutions in the region. “Our Mission is to

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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 agreement paves the way for a transformative direct grid connection project linking

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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 […]

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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

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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

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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

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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

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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

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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 […]

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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