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Expansion

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BluSmart raises $24 million (INR 200 Crores) in Pre-Series B funding round to power its expansion plans

BluSmart, India and South Asia’s first and largest vertically integrated EV RideHailing service and EV Charging Infrastructure network, today announced the successful completion of Pre-Series B funding round securing $24 million (INR 200 Crores) in investment. The fundraise saw participation from new investors comprising notable names, including responsAbility
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7X Unveils Ambitious Expansion Plans to Strengthen Global Network and Enhance Customer Experience

7X, previously known as Emirates Post Group, announced key expansion plans as part of the brand’s new strategy introduced earlier this year, aiming to strengthen its diverse portfolio and enhance both its domestic and global reach. The group also highlighted the expansive reach and robust capabilities of its subsidiaries – Emirates Post, EMX, EDC, and […]
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PMC Biogenix Announces Expansion and Restructure

PMC Biogenix, the leading sustainable producer of specialty fatty amides and high-value biobased products, announces the construction and expansion of its new Armoslip® facility in Gyeongju, South Korea allowing for a production capacity increase of 50%. Construction will begin late 2024 with new supply available by mid-2026. “We are excited to announce plans to build […]
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Mumtalakat and M42 announce Amana Healthcare Bahrain expansion

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has announced a strategic partnership with M42, an Abu Dhabi-based global tech-enabled health powerhouse, to launch the Amana Healthcare facility in Bahrain. Amana Healthcare, a CARF and JCI-accredited subsidiary of the M42 group, is expanding into Bahrain to replicate its
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Vodafone Egypt to deploy Ericsson’s global first triple-band radio technology as part of its network modernization

Ericsson (NASDAQ: ERIC) and Vodafone Egypt announced the modernization and capacity expansion of Vodafone Egypt’s mobile network with the introduction of Ericsson’s triple-band radio, supporting Time Division Duplex (TDD) and Frequency Division Duplex (FDD) spectrum.   Radio 4466, an Ericsson Radio System product, supports Vodafone Egypt to simultaneously enable 2G,
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Alvaria Announces Expansion of Avaya Partnership

Alvaria® is pleased to announce the expansion of our partnership with Avaya, a leading provider of enterprise customer experience solutions, to include the Alvaria CXâ„¢ platform in our joint delivery of enterprise-scale high performance solutions for omnichannel-compliant outbound customer engagement. Alvaria CX will be available in the Avaya One Source store by the
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Mary Kay Inc. Announces Expansion Into Denmark

Mary Kay Inc., a global beauty brand renowned for its commitment to female empowerment and entrepreneurship, is thrilled to announce that its products will now be sold in Denmark. This strategic move marks a significant milestone in Mary Kay’s mission to enrich women’s lives across the globe. With this launch, Mary Kay products are now […]
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Sintavia Announces $25M Expansion in Hollywood, Florida

Sintavia, LLC, the world’s first all-digital aerospace component manufacturer, today announced its single largest expansion in facilities and equipment since 2019. The $25 million investment includes additional advanced manufacturing space, large format printers, large format post-processing equipment, and component testing equipment. It is expected that with this
GCC NEWS DESK UAE

Grant Thornton UAE strengthens leadership

Grant Thornton, a leading professional services firm, announced a series of partner appointments and promotions to further fortify its executive bench as it continues to accelerate its growth and expansion in the UAE. Imran Jaffer has been appointed as the Restructuring Advisory Partner and will lead the firm’s Financial Restructuring Advisory practice from the company’s
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Ghitha Holding PJSC Announces Strategic Expansion with Acquisition of MNG Airlines Shareholding

Ghitha Holding PJSC (ADX: Ghitha), a subsidiary of Abu Dhabi-based conglomerate International Holding Company (ADX: IHC), announced a significant milestone in its growth strategy by expanding within the logistics and aviation sector. Through its wholly-owned indirect subsidiary, Ghitha Aeroinvest Holding RSC LTD, the company entered into a Share Purchase Agreement (SPA)
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ADCB broadens its regional presence through strategic expansion

Abu Dhabi Commercial Bank (‘ADCB’) is establishing a strategic presence in Saudi Arabia, leveraging its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships. ADCB has received an in-principle approval from the Kingdom’s Council of Ministers and will open a
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Avalon Pharmaceuticals Sets Sights on Global Expansion, Aiming to Triple its Exports by 2030

Avalon Pharmaceuticals, one of the fastest growing home-grown pharmaceutical companies in Saudi Arabia, has announced plans to continue its advancement with a multi-pronged international expansion plan. With a target of growing total exports from 10% to 30% by 2030, Avalon Pharma’s ambitious expansion plan will leverage the company’s 25-year history in the Kingdom of Saudi
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LEVA Hotels Announces Strategic Zimbabwe Expansion

The UAE-based hospitality brand LEVA Hotels has announced two visionary projects in Zimbabwe as part of its expansion drive. This ambitious project, scheduled for completion within two years, is a collaborative effort with Troika Design Workshop (TDW), a leading consulting firm specializing in architecture, quantity surveying, and engineering, and Turnbury Property