Category Archives: Business & Investments

Al Fanar Gas Group and Siemens Energy Sign Strategic MoU

27 -May – WUC Exhibition – ADNEC

Al Fanar Gas Group and Siemens Energy Sign Strategic MoU to Collaborate on Clean Energy and Decarbonization

Abu Dhabi, 28 May 2025 – Al Fanar Gas Group, one of the UAE’s leading gas and energy solutions providers, and the energy arm of EHC Investment, has signed a strategic Memorandum of Understanding (MoU) with Siemens Energy, a global energy technology leader, to jointly advance decarbonization and clean energy innovation across the UAE.

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Winners Revealed at 6th GPCA Supply Chain Excellence Awards

The Awards took place in a star-studded award ceremony during the 16th GPCA Supply Chain Conference on 27 May 2025 at the Address Sky View Hotel, Dubai, UAE

Dubai, UAE, 28 May 2025 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, is pleased to announce the winners of the 6th GPCA Supply Chain Excellence Awards, which took place in a star-studded award ceremony during the 16th GPCA Supply Chain Conference on 27 May 2025 at the Address Sky View Hotel, Dubai, UAE.

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ALEC Holdings’ 2024 ESG Report Reflects Operational Excellence and Resilience for Sustainable, Long-Term Growth

Dubai, UAE – 28 May 2025 – ALEC Holdings (ALEC), a leading construction and related services company, today published its latest Environmental, Social and Governance (ESG) and Sustainability report, underscoring the company’s commitment to responsible growth and sustained operational excellence across its UAE and KSA operations.  

The company’s sustainability achievements have been recognised externally. ALEC was awarded the Dubai Chamber of Commerce ESG Label and earned the ‘Committed’ sustainability badge from EcoVadis. The EcoVadis assessment covered 21 criteria across Environment, Labour & Human Rights, Ethics, and Sustainable Procurement, further validating ALEC’s robust ESG posture.

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UAE-Born Global Fintech Qashio Raises $19.8M to Scale Regional Expansion and B2B Loyalty Ecosystem

Dubai, UAE, 28th May, 2025: Qashio, the Dubai-headquartered B2B spend management platform with operations and clients in 22 countries, including the UAE, Europe, the UK, and soon Saudi Arabia, has raised $19.8 million in its latest funding round. The capital will support further geographic expansion and scale what is already the largest B2B fintech loyalty program in the MENA region.

Despite achieving profitability with over $1.2M in Q1 2025, the additional funds will enhance regulatory compliance ahead of the company’s entry into Saudi Arabia and further extend its differentiated loyalty offering.

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Forbes Middle East Concludes Its Building The Future Summit In Abu Dhabi

Forbes Middle East Concludes Its Building The Future Summit In Abu Dhabi In Partnership with the Ministry of Energy and Infrastructure and Abu Dhabi’s Department of Municipalities and Transport

Emphasizing the importance of integrating innovation, design, and technology in building smart cities.

  • H.E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the UAE government: “We are enhancing our expertise with the great value of this society. Securing the human factor, their data and privacy, and building that cybersecurity culture.”
  • The summit explored the future of urban planning, artificial intelligence, and sustainable real estate investment.
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