Agreement

NEWS DESK

Al Ansari Financial Services PJSC Signs Agreement to Acquire BFC Group Holdings W.L.L. for USD 200 million

News Desk 2 30/07/2024

Al Ansari Financial Services PJSC (“AAFS” or the “Company”) (DFM: ALANSARI), a leading integrated financial services group in the UAE, is pleased to announce that it has signed a Sales and Purchase Agreement (“SPA”) to purchase 100% of BFC Group Holdings W.L.L., (“BFCGH”), a prominent foreign

NEWS DESK

Cepton Signs Definitive Agreement to be Acquired by Koito

News Desk 2 29/07/2024

Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today that it has signed a definitive agreement (the “Agreement”) providing for the acquisition by KOITO MANUFACTURING CO., LTD. (“Koito”) (TSE: 7276), a leading automotive tier one supplier, of all of the outstanding capital stock

NEWS DESK

Art of Living Mall Announces New Agreement with Artisan Bakers for New Store Opening

News Desk 2 18/07/2024

Art of Living Mall announced today the signing of a new agreement with Artisan Bakers, a leading company in the bakery and pastry industry, to open a new branch in the mall. This new outlet is expected to become a distinguished destination for bakery lovers in Dubai. The agreement was signed by Mr. Samer Al […]

NEWS DESK

Merz Therapeutics Closes $185M Asset Purchase Agreement with Acorda Therapeutics

News Desk 2 11/07/2024

Merz Therapeutics announces today the successful acquisition of INBRIJA® (levodopa inhalation powder) and (F)AMPYRA® (fampridine), and related assets from Acorda Therapeutics, Inc. AMPYRA® (dalfampridine) is Food and Drug Administration (FDA) approved in the U.S. and commercialized as FAMPYRA in the European Union and other territories throughout the world.

NEWS DESK

Almarai Signs Agreement with Social Development Bank

News Desk 2 24/06/2024

Almarai Company has signed a cooperation agreement with the Social Development Bank to launch the “Almarai Chefs Program” aimed at strengthening and empowering owners of very small cooking projects in the Riyadh region, as part of its support and encouragement for entrepreneurs. The agreement was signed by the CEO of Almarai Company, Mr. Abdullah bin […]

NEWS DESK

Arrow Electronics and SiMa.ai Enter Distribution Agreement in EMEA

News Desk 2 29/05/2024

Global technology provider Arrow Electronics and SiMa.ai, the software centric, embedded edge machine learning system-on-chip company, have entered into a strategic collaboration, enabling Arrow to distribute SiMa.ai products in the EMEA region. SiMa.ai delivers one platform for all edge AI that scales with customers as their AI/ML projects evolve, from computer

NEWS DESK

Ajman Department of Finance, Marsa Properties Sign Agreement to Enhance Emirate’s Investment Environment

News Desk 2 26/05/2024

The Ajman Department of Finance has finalised a service provision agreement with the independent government company Marsa Properties, allowing it to utilise the services of the ‘Tawreed’ platform within the Ajman government. The collaboration aims to create an attractive investment environment that supports economic development in the emirate and enhances its

NEWS DESK

AC Immune and Takeda Sign Exclusive Option and License Agreement for Active Immunotherapy

News Desk 2 14/05/2024

Takeda (TSE:4502/NYSE:TAK) and AC Immune SA (NASDAQ: ACIU) today announced an exclusive, worldwide option and license agreement for AC Immune’s active immunotherapies targeting toxic forms of amyloid beta (Abeta), including ACI-24.060 for the treatment of Alzheimer’s disease. ACI-24.060 is an anti-Abeta active immunotherapy candidate designed to induce a robust antibody

NEWS DESK

Energy Vault, ACEN Australia Announce Agreement for 400 MWh of Battery Energy Storage Deployments

News Desk 2 09/05/2024

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, today announced the main contractual agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia. Construction on both deployments is expected to begin in the second half of 2024, with

NEWS DESK

M42 signs groundbreaking agreement with AstraZeneca

News Desk 2 06/05/2024

M42, a first-of-its-kind tech-enabled global health powerhouse, has signed a groundbreaking agreement with AstraZeneca, a global leader in science-led biopharmaceuticals, to advance preventive healthcare and next-generation precision medicine. As AstraZeneca’s clinical genomics partner of choice in the Middle East region, M42 will conduct sequencing of hereditary breast

NEWS DESK

DUBAI SOUTH SIGNS AGREEMENT WITH AGMC

News Desk 2 26/04/2024

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the signing of an agreement with AGMC, one of the leading importers of luxury vehicles in the United Arab Emirates, to launch a new AED 500 million showroom and service centre at Dubai South to serve customers of its automotive […]

NEWS DESK

Dubai Government Human Resources Department signs partnership agreement

News Desk 2 22/04/2024

The Dubai Government Human Resources Department (DGHR) has signed a partnership agreement with the Organisation for Economic Co-operation and Development (OECD) to host a series of webinars focusing on different strategies and opportunities for advancing economic growth and enhancing global trade. As part of the agreement, the DGHR hosted a series of webinars to address

NEWS DESK

TradeSun Announces an Agreement With Wells Fargo

News Desk 1 16/04/2024

TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade finance and compliance digitization solution from TradeSun, using Artificial Intelligence (AI) and other advanced technologies to streamline the complex and manual processes employed globally within the banking industry. TradeSun’s major new release

NEWS DESK

Keyloop Enters Into Definitive Agreement to Acquire Automotive Transformation Group

News Desk 1 10/04/2024

Keyloop, a leading global automotive technology company, today announced it has entered into a definitive agreement to acquire ATG, an innovative provider of automotive technology focused on omnichannel retail solutions. Headquartered in Kent, UK, ATG employs over 330 people. Its solutions are chosen by automotive retailers, OEMs, financiers and fleet suppliers in more

Sustainability UAE

Etihad Rail And Beeah Group Sign Waste Management Pact

News Desk 1 06/04/2024 0

Sustainability Is A Key Focus For Both Entities Etihad Rail, the UAE National Rail Network developer and operator, has signed an agreement with Beeah Tandeef, a subsidiary of the Beeah Group, a UAE-based sustainability solutions provider. This landmark agreement begins a partnership between Abu Dhabi-based Etihad Rail and Beeah Group. Waste management services will extend

NEWS DESK

Network International signs exclusive processing agreement with KamelPay

News Desk 1 01/04/2024

KamelPay, one of the fastest growing fintech payroll services providers in the UAE, has engaged Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in an exclusive five-year processor agreement. The agreement marks a significant milestone in the journey of KamelPay to potentially expand in payroll,

NEWS DESK

Origo Solutions signs a multi million-Euro agreement with Equinor

News Desk 1 20/03/2024

Origo Solutions, Norwegian subsidiary of HIMA Group, has been awarded a new framework agreement by Equinor for the delivery of Safety and Automation Systems as well as related engineering and services. The multi-year agreement is effective from January 2024 and regulates deliveries of safety-critical solutions onshore and offshore, as well as deliveries of automation

NEWS DESK

PRÆSIDIAD announce Manufacturing License and Commercial Agreement

News Desk 1 19/02/2024

PRÆSIDIAD continues to expand their global footprint by announcing a manufacturing license and commercial agreement with Al Kuhaimi’ Metal Industries, during the World Defense Show. The manufacturing and commercial agreement was signed by Praesidiad’s Chief Executive Dino Koutrouki and Mahmoud Al Kuhaimi, Deputy Chairman, Al Kuhaimi’ Metal Industries. This is an important

NEWS DESK

Presight and Samruk-Kazyna Sign Agreement with Kazakhstan’s Ministry of Digital Development

News Desk 1 13/02/2024

In a landmark initiative, Kazakhstan’s Ministry of Digital Development, in collaboration with Presight, a G42 company, and Samruk-Kazyna, the Sovereign Wealth Fund of Kazakhstan, have announced the development of a state-of-the-art AI supercomputer and data center cluster to enable the country’s digital transformation initiatives. This agreement marks the first

GCC NEWS DESK Qatar

Emirates Post and Qatar Post sign strategic agreement to facilitate product shipping

News Desk 1 08/02/2024

Emirates Post, the UAE’s official postal services provider and the postal arm of 7X, signed a strategic partnership agreement with Qatar Postal Services Company ‘Qatar Post,’ the national postal services provider of Qatar to facilitate e-Commerce shipping operations between both countries. HE Abdulla Mohammed Alashram, Group CEO of 7X, and HE Falah bin Mohammed