Category Archives: Business & Investments

Business & Investments

GE Vernova rolls out first H-Class gas turbine completed at Saudi Arabia GESAT facility

In the presence of HRH Prince Abdulaziz bin Salman, Minister of Energy:

GE Vernova rolls out first H-Class gas turbine completed at Saudi Arabia GESAT facility

  • GE Vernova’sadvanced H-Class turbine is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP) in Saudi Arabia
  • The H-Class turbines are highly efficient, hydrogen-ready, and are designed to quickly adjust to support grid stability amid increasing renewable energy integration
  • GE Saudi Advanced Turbines (GESAT), a joint investment with Dussur,is the first facility in Saudi Arabiaand the region to manufacture H-Class gas turbines and components
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Business & Investments

Tally Solutions acknowledges exceptional businesses during the MSME Honours event

  • The MSME Honours celebrates the diversity and impact of MSMEs on their communities and the broader business landscape.

Dubai, UAE, 1st July 2024: Tally Solutions, a leading international Business Management Software provider,  concluded the fourth edition of the MSME Honours by announcing 25 winners in 5 categories on the occasion of International MSME Day.The winners were felicitatedat a grand event in the city for their remarkablecontributions to the MSME ecosystem. The event celebrated remarkable businesses, entrepreneurs, and professionals who have demonstrated unwavering commitment, innovation, and resilience in their fields.

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Business & Investments

Malabar Gold & Diamonds Introduces NUWA Diamond Collection, Unveiled by Kareena Kapoor Khan

Dubai, 01st July 2024

Malabar Gold & Diamonds, sixth largest jewellery retailer globallywith a strong retail network of over 350+ outlets spread across 13 countries, unveiled its latest diamond jewellery collection named ‘NUWA’ at a grand event in the UAE.

Renowned Indian actress Kareena Kapoor Khan unveiled the collection. Kareena, known for her timeless elegance embodies the very essence of the NUWA collection, making her the perfect ambassador for this launch.

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Business & Investments

WakeCap Acquires Crews by Core to Expand Field Operations Platform

WakeCap Acquires Crews by Core to Expand Field Operations Platform for World’s Largest Construction Projects

WakeCap solidifies itself as a leader in global construction tech with projects in the US, Saudi Arabia, UAE, and Japan

Riyadh and Palo Alto – July 1, 2024 – WakeCap, a leading IoT platform for construction project management, today announced the acquisition of Crews by Core, an AI-powered project delivery platform for the construction industry. The acquisition will create the world’s most comprehensive SAAS and IoT solution for construction mega projects. Through the transaction, WakeCap will open an R&D headquarters in Silicon Valley to solidify its position as a global construction tech leader. 

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Business & Investments

Malabar Gold & Diamonds Enhances International Operations with New Supply ChainOffice in Dubai Airport Free Zone (DAFZ)

  • The new office will serve as the cornerstone of the brand’s international studded supply chain operations.
  • Equipped with exceptional infrastructure and facilities, including a product development centre.

Malabar Gold & Diamonds, the sixth-largest jewellery retailer, has opened its new state-of-the-art supply chain office in Dubai Airport Free Zone (DAFZ). Ms. Amna Lootah, Director General, Dubai Airport Free Zone (DAFZ) inaugurated the new office in the presence of Mr. M P Ahammed, Chairman, Malabar Group; Mr. K P Abdul Salam, Vice Chairman, Malabar Group; Mr. Shamlal Ahamed, Managing Director – International Operations;Mr. Asher O, Managing Director – India Operations;Mr. Mayinkutty C, Senior Director, Malabar Group; Mr. Faisal A K, Head of Manufacturing, Malabar Gold & Diamonds; Mr. Aparesh Chatterjee, Head – Merchandising & SCM (Diamond & Studded); Mr. Arif Abdulhamid AlKhoori, Senior Vice President – Customer Care, DAFZ; other key officials from DAFZ, Malabar Gold & Diamonds’ management team members and well-wishers. The new officewill serve as the cornerstone of the brand’s international studded supply chain operations.

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