Category Archives: Business & Investments

Business & Investments

TAQA, Vision Invest and GIC Consortium Announce Financial Closing

TAQA, Vision Invest and GIC Consortium Announce Financial Closing for Juranah Independent Strategic Water Reservoir Project in Makkah

The project is the first of its kind in the Kingdom of Saudi Arabia

Active private sector involvement in essential water infrastructure development

Addressing municipal potable water demand across the Kingdom

Abu Dhabi, UAE – 4 June 2024: Abu Dhabi National Energy Company PSJC (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, alongside Vision International Investment Company (Vision Invest) and Gulf Investment Corporation (GIC), announced the achievement of the financial closing for the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Makkah region, Saudi Arabia. Together with Vision Invest and GIC, the consortium has successfully completed all financing arrangements for this groundbreaking project.

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Business & Investments

Joyalukkas to unveil its newly renovated showroom in Malaysia

Joyalukkas to unveil its newly renovated showroom in Malaysia, it is marked as the Largest Jewellery showroom In Kuala Lumpur.

Kuala Lumpur, Malaysia – June, 2024: Joyalukkas, the esteemed jewellery brand, celebrated a momentous occasion with the grand inauguration of its newly renovated and the largest showroom in Kuala Lumpur. This event, held on 1st June, 2024 not only marked a significant milestone in the brand’s journey, but also commemorated its 10th anniversary in Malaysia. The showroom was inaugurated by  Mr. John Paul Alukkas, Managing Director, Ms. Sonia Alukkas, Director of Joyalukkas Group and other esteemed delegates.

Joyalukkas marked its 10th anniversary in Malaysia with the grand opening of its newly renovated showroom in Kuala Lumpur on 1st June, 2024. The prestigious event was inaugurated by Mr. John Paul Alukkas, Managing Director and Ms. Sonia Alukkas, Director of Joyalukkas Group, alongside other esteemed delegates.

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Business & Investments

Danube Group  and Dubai SME Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

Danube Group  and Dubai SME Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

Dubai, UAE – June 3, 2024 –  Danube Group, a leading conglomerate in the Middle East and Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), mandated to develop the small and medium enterprise (SME) sector, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned SMEs. This strategic alliance seamlessly aligns with the vision of His Highness, Sheikh Mohamed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and the goals of the ambitious Dubai Economic Agenda, D33 to further consolidate Dubai’s position as a leading global city for business and leisure.

The signing ceremony took place at Danube Properties Headquarters in Dubai, with Rizwan Sajan, Founder and Chairman of Danube Group, and H.E. Abdelbaset Mohammed Al Janahi, CEO of Dubai SME, in attendance.

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Business & Investments

KEZAD Group signs lease agreement with NMDC Energy for AED 367m manufacturing facility in Abu Dhabi

KEZAD Group signs lease agreement with NMDC Energy for AED 367m manufacturing facility in Abu Dhabi

224,000 sqm facility in KEZAD will enhance the emirate’s standing in the marine engineering industry

Abu Dhabi, UAE – 03 June 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), today signed an agreement for the establishment of a new manufacturing facility in KEZAD.

The 50-year lease agreement signed at the Make It In The Emirates Forum 2024, will see NMDC Energy invest AED 367 million ($100 million) in a 224,000 sqm facility in KEZAD, designated for modular fabrication.

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Business & Investments

Audiomatic, Socialee, and PaySky Takes Top Prize at Entrepreneurship World Cup 2024 National Finals in Dubai

Audiomatic, Socialee, and PaySky Takes Top Prize at Entrepreneurship World Cup 2024 National Finals in Dubai

  • Startups take top spot out of more than 100 applicants from across the UAE

Dubai, United Arab Emirates; 3rd June 2024: In a collaborative effort, the Entrepreneurship World Cup 2024, Startupscale 360 (the UAE National Organiser), and Al Ghurair (National Co-Host) are proud to announce the winners of this year’s Entrepreneurship World Cup, a global pitching competition geared at empowering outstanding start-ups. The event, which took place on Friday 31st May at Swissotel Al Ghurair, Dubai, reflected the UAE’s vibrant entrepreneurial spirit and innovation landscape.

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