A significant acquisition in the tech industry has emerged as a consortium led by BlackRock, which includes major players like Nvidia and Microsoft, prepares to purchase Aligned Data Centers for around $40 billion. This move highlights the ongoing demand for AI infrastructure, which is crucial for supporting the growing needs of artificial intelligence technologies. Details…
Dh120b group now spans energy, food, logistics, mining, apparel, media, mobility, beauty Dubai: Multiply Group, the Abu Dhabi-based investment holding company, announced plans to acquire 2PointZero and Ghitha Holding through a share swap, marking one of its most significant portfolio moves to date. The proposal, approved by the Board of Directors, involves issuing new shares…
Gold prices in the UAE have surged past the Dh500 mark for the second consecutive day, reflecting a broader trend driven by global economic uncertainties. As of Wednesday morning, the price for 24K gold reached Dh501 per gram, while 22K gold climbed to Dh464. This increase marks a significant rise of over Dh80 per gram…
A groundbreaking development in building materials has emerged from the United States, where researchers have created a new type of engineered wood that boasts remarkable strength and lightweight properties. This innovative material, known as “Superwood,” has the potential to revolutionize the construction industry by offering a sustainable alternative to traditional materials like steel. The Journey…
B.R. Shetty’s journey from a modest beginning in Abu Dhabi to becoming a prominent figure in the UAE’s healthcare sector is a tale of ambition and success. However, his story has taken a dramatic turn, culminating in legal battles and financial turmoil. This article explores the trajectory of Shetty’s career, the rise of his business…
A new partnership has emerged in Dubai aimed at revolutionizing parking for Toyota and Lexus drivers. Parkin Company PJSC, the city’s leading paid public parking operator, has teamed up with Toyota Tsusho Connected Middle East (TTCME) to create innovative smart mobility and parking solutions. This collaboration was officially announced during GITEX Global 2025. Partnership Details…
A new collaboration between Stellantis, the Abu Dhabi Investment Office (ADIO), and Abu Dhabi Ports Group aims to establish a comprehensive automotive ecosystem in Abu Dhabi. This partnership seeks to enhance the emirate’s position as a key player in the automotive sector, focusing on exports, advanced mobility technologies, and industrial innovation. Strategic Goals of the…
A significant educational development is underway as Almasar Alshamil Education, a UAE-based firm, partners with Heriot-Watt University to establish a new campus in Saudi Arabia. This collaboration aims to enhance educational opportunities in the region, building on Heriot-Watt’s extensive global presence and commitment to student employability. Partnership Details On Tuesday, Almasar Alshamil Education, a subsidiary…
DP World has made a substantial investment in sustainable logistics by expanding its electric internal terminal vehicle (eITV) fleet at Jebel Ali Port. Over the past year, the fleet has increased from 14 to 146 vehicles, positioning it as one of the largest electric port fleets in the Middle East. Environmental Impact and Fleet Details…
Saudi Arabia and Algeria have entered into a significant agreement aimed at enhancing their energy collaboration. This partnership focuses on the exploration and production of hydrocarbons in Algeria’s Ilizi Basin, reflecting a growing commitment to mutual economic interests in the energy sector. Details of the Agreement The contract was signed between Algeria’s state-owned oil company…