Daily Archives: July 24, 2024

Education

Multinational Consortium to Build Khalifa University Student Accommodation Facilities

  • Accommodation will provide 3,260 single ensuiterooms across two campuses in Abu Dhabi
  • Project was structured by ADIO as part of Abu Dhabi’s Public Private Partnership Programme, which aims to encourage private sector to participate in major infrastructure projects
  • Australia’s Plenary, the Belgian-French BesixGroup and Mazrui International form part of newly selected KUnnected Living consortium
  • KUnnected Living has received a 23-year concession for the largest single investment in student accommodation in the UAE

Abu Dhabi, UAE – 24 July 2024: The Abu Dhabi Investment Office (ADIO), in collaboration with Khalifa University of Science and Technology, has awardedKUnnected Living – a multinational consortium led by Plenary Group, BESIX, and Mazrui International,a project to develop world-class student accommodation facilities in Abu Dhabi. The project has nowsuccessfully reached commercial close.

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Business & Investments, Education

Mashreq led a record $3.25 billion sustainability-linked financing for GEMS Education

Mashreq led a record $3.25 billion sustainability-linked financing for GEMS Education

  • Landmark deal marks the largest sustainability-linked financing in the region
  • Debut Sustainability-linked financing for GEMS Education
  • Mashreq acted as the Lead Sustainability Coordinator, Initial Mandated Lead Arranger and Bookrunner, Account Bank, and Global Agent & Conventional Facility Agent
  • The financing will be tracked against a set of relevant Key Performance Indicators (KPIs) during the 10-year tenure of the facility

Dubai, UAE,24 July2023: Mashreq, a leading financial institution in the MENA region, leda  groundbreaking $3.25 billion Leverage Buyout Sustainability-linked financing for GEMS Education.

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Business & Investments

Rosneft CEO says next stage in developing relations with China is Comprehensive Cooperation in Energy and Advanced Technologies

Dubai, July 24, 2024: “Russian-Chinese cooperation in the field of oil supplies is unique for Eurasia,” said Igor Sechin, Executive Secretary of the Presidential Commission for the Strategy of Development of the Fuel and Energy Complex and Environmental Safety, CEO of Rosneft. He was speaking at the 6th Russian-Chinese Energy Business Forum (RCEBF) held in Moscow. Last year, Russia exported 107 million tonnes of oil to China. Also last year, China imported 34 billion cubic metres of natural gas and more than 100 million tonnes of coal from Russia.

Speaking at the opening of the 6th Russia-China Energy Business Forum, Sechin noted that cooperation between Russia and China is developing under unprecedented external pressure. “However, all efforts to curb the growth of our countries lead to the opposite result: The GDP growth rates of China (5.2 per cent in 2023) and Russia (3.6 per cent in 2023) are well above those of Western countries and the global average,” he noted.

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Business & Investments

GPCA to Recognize Young Talent in Agri-Sustainability as part of 3rd Innovation Competition

University students from across the GCC are invited to submit their entry by 31 July 2024

Dubai, UAE,24May2024– The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, will recognize outstanding talent among GCC university studentsin agri-nutrient sustainability as part of the 3rd GPCA Innovation Competition. Set to take place on the sidelines of the 14thGPCA Agri-Nutrients Conference from 10-12 September 2024 in Riyadh, Saudi Arabia, the prestigious competition will reward both undergraduate and postgraduate students from all universities, vocational and research institutes in Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman.

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Business & Investments, Technologies

Bitget Wallet Tops App Store Charts in Nigeria; Emphasizes Full Commitment to TON Ecosystem

Global, 24th July 2024: Bitget Wallet the leading Web3 wallet, has continuously topped the charts amongst all apps in Nigeria taking over world-famous apps such as Tik-Tok and WhatsApp on Apple’s App Store. Bitget Wallet currently ranks #1 in the general and finance category on App Store in Nigeria and counts in the top #5 on Android Google Play, showcasing the utility of decentralized wallets in the region. According to data from data.ai, Bitget Wallet’s users in Nigeria grew by over 233% in the month of June, positioning the wallet as the top choice for Nigeria-based crypto users.

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