All posts by uaenews247

Business & Investments

NMDC Energy and Hilong announce an MoU to explore collaboration in UAE & KSA

  • Both parties intend to explore possibilities for Joint Ventures for coating and materials works in both the UAE & KSA.
  • MoU was signed and announced at Make it in the Emirates (MIITE), taking place between 19 to 22 May 2025 in Abu Dhabi.

Abu Dhabi, UAE: 20 May 2025 – NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, has announced the signing of a Memorandum of Understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Co. LTD (Hilong), at the Make it in Emirates forum in Abu Dhabi.

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Business & Investments

IMKAN and Saal.ai forge partnership at MIITE to advance AI and Big Data in real estate

  • Technologies will deliver smarter, faster, and more sustainable living experiences by deploying cutting-edge digital solutions across real estate.
  • Announced at Make it in the Emirates which is taking Make it in the Emirates (MIITE) which is taking place between 19 to 22 May 2025 in Abu Dhabi.
  • Saal.ai seeks to empower developers to design more intelligently, streamline operations, and make faster, evidence-based decisions.

From left to right Mr. Vikraman Poduval – Chief Commercial Officer, Saal.ai, Dr. Saeed AlGhfeli – Head of Technology Companies, Abu Dhabi Capital Group, Engineer Suwaidan Al Dhaheri, CEO of IMKAN Properties

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Business & Investments

Nasdaq Dubai Welcomes USD 500 Million Sukuk Listed by Ajman Bank

  • Five-year Sukuk matures in 2030 and achieved 5.4x oversubscription from over 100 global investors
  • Total value of Sukuk listed on Nasdaq Dubai reaches USD 96.9 billion, reaffirming its status as one of the world’s leading Sukuk exchange

Dubai, 20 May 2025 – Nasdaq Dubai today welcomed the listing of a USD 500 million Senior Sukuk issued by Ajman Bank, marking the bank’s first Sukuk issuance and debut listing on the international exchange.

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