Agreement

Business GCC Saudi Arabia

Saudi Fund for Development signs a multiyear contribution agreement with the Global Fund

Middle East News 247 22/05/2023

Under the directive of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman Al Saud, the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, signed today a $39 million multiyear contribution

Business

SEVEN signs second licensed agreement with Hasbro

News Desk 2 10/05/2023

Riyadh, Saudi Arabia; May 10, 2023: Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed a second licensed agreement with Hasbro, Inc. a global branded entertainment leader. Under the agreement, SEVEN will bring the Transformers brand to its entertainment destinations in the Kingdom of Saudi Arabia. The agreement

Business

EssilorLuxottica and Chalhoub Group sign joint venture agreement to grow retail eyewear presence in GCC region

News Desk 2 10/05/2023

Charenton-le-Pont, France and Dubai, UAE, 10 May 2023 – EssilorLuxottica, a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses,and Chalhoub Group, signed a joint-venture for the development of direct eyewear retail in the GCC region. The agreement aims to shape the eyewear category and achieve new levels of customer

Business

Lootah Biofuels signs agreement to establish first biofuel plant outside UAE

News Desk 2 25/04/2023

Dubai, United Arab Emirates; 25 April 2023 Lootah Biofuels has signed an agreement with Fenaka Corporation Limited, a state-owned utility company providing electricity, water, and sewerage to the island communities of the Maldives, to establish its first biofuel production plant from waste cooking oil outside the UAE. The signing of the agreement underscores Lootah

Business

Hotpack to build SAR 1 billion packaging production plant

News Desk 2 04/04/2023

Dubai – April 4, 2023: Hotpack Global, the UAE-based global leader in food packaging products, has announced its plan to build one of the world’s largest sustainable packaging plants at an estimated investment of SAR 1 billion in the Kingdom of Saudi Arabia. The company has signed a Memorandum of Understanding (MoU) for this investment […]

NEWS DESK

Hitachi Energy and Petrofac secure landmark offshore wind agreement

News Desk 2 31/03/2023

Dubai, March 31, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to

NEWS DESK

Bentley Systems Announces Strategic Agreement

News Desk 2 24/03/2023

EXTON, Pa., and Barcelona, Spain – March 24, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has entered into a non-exclusive commercial agreement to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for infrastructure designers, constructors, and owner-operators in

Business

DGW signs an Agreement with  Etihad ESCO

News Desk 2 21/03/2023

Dubai, 21 March 2023: Dubai Government Workshop (DGW) and Etihad Energy Services Company (Etihad ESCO) signed an agreement to establish a photovoltaic power station with an aim to increase contribution of clean energy and reduce carbon emissions. The agreement was signed by H.E. Fahad Ahmed Al Raeesi,  Executive Director  of DGW, and Dr. Waleed Alnuaimi, […]

Business

Japan International Cooperation Agency and Bank of Palestine sign agreement

News Desk 2 20/02/2023

Ramallah, Palestine; 20 February 2023: Japan International Cooperation Agency (JICA) and the Bank of Palestine (BOP) signed a USD$30 million Loan agreement for an Additional Tier 1 Investment in the capital of the bankfor the purpose of lending to small and medium enterprise (SME) projects. The loan is perpetual but can be converted into common […]

Business

Elm Signs a Cooperation Agreement with ESNAD

News Desk 2 14/02/2023

14 February 2023– Elm, a pioneering digital solution company, signed a cooperation agreement with the Saudi Mining Services Company (ESNAD), to jointly improve the business efficiency and quality of industrial complexes and mining sector, by employing the latest technologies. The agreement was concluded on the sidelines of LEAP 2023 taking place in Riyadh from 6 […]

Business

Elm and SAR Sign an Agreement

News Desk 2 13/02/2023

13 February 2023- Elm, a leader in digital solutions, and the Saudi Arabia Railways (SAR), a major player in the transport and logistics sector, signed an agreement to provide connectivity and integration services for the Haramain High-Speed Rail Systems. The agreement was signed on the sidelines of LEAP 2023. Dr. Abdulrahman bin Saad Aljadhai, Elm’s […]

Business

SingleStore and solutions by stc announce exclusive partnership and reseller agreement

Middle East News 247 08/02/2023

SAN FRANCISCO: SingleStore, the cloud-native database built for speed and scale to power real-time applications, today announced an exclusive partnership and reseller agreement with solutions by stc to bring SingleStore’s digital solutions across the Middle East. solutions by stc is the leading enabler of digital transformation in the Middle East, while SingleStore is

Business GCC Saudi Arabia

CNTXT and Saudi Aramco Sign Digital Master Service Agreement

Middle East News 247 31/01/2023

DHAHRAN, Saudi Arabia — CNTXT, a leading provider of cloud and digital transformation solutions in Saudi Arabia, has signed a Digital Master Digital Service Agreement with the global industry leader, Saudi Aramco. The agreement will enable Saudi Aramco to further utilize Cognite Data Fusion® , the leading Industrial DataOps platform and accelerate development and

NEWS DESK

National Auto Parts (NAP) signs an agreement with Pirelli to become a distributor in the KSA

News Desk 2 05/01/2023

JANUARY 5, 2022 National Auto Parts (NAP), a subsidiary of Petromin Corporation, signed a distribution agreement with Pirelli on 16th November 2022, placing NAP as a new distributor for Pirelli tires in the Kingdom of Saudi Arabia. The agreement was signed in Milan, Italy, between Kalyana Sivagnanam Petromin GCEO, and Khaled Jnifen, CEO of Pirelli […]

NEWS DESK GCC UAE

Uae Signs $900 Million Investment Agreement With Kazakhstan

News Editor 07/10/2022 0

The United Arab Emirates (UAE) recently signed an investment agreement worth over $900 billion with Kazakhstan. Both countries engaged in investment discussions during the visit of Kazakhstan’s Prime Minister to the UAE. Alikhan Smailov, Kazakhstan’s Prime Minister, visited the Emirate to discuss with UAE’s President, Sheikh Mohamed bin Zayed Al Nahyan.