Capital Bank Group and Thales Partner to Pioneer Middle Eastern Deployment of Cloud Instant Issuance
Capital Bank Group and Thales Partner to Pioneer Middle Eastern Deployment of Cloud Instant Issuance
PwC Middle East and Microsoft launch AI Centre of Excellence
PwC Middle East and Microsoft launch AI Centre of Excellence dedicated to upskilling Saudi engineering talent
- PwC Middle East and Microsoft are strongly committed to developing local AI talent in Saudi Arabia
Riyadh, Kingdom of Saudi Arabia; 21 March 2024: PwC Middle East in Saudi Arabia and Microsoft have announced the launch of an artificial intelligence (AI) Centre of Excellence in Riyadh aimed at upskilling and scaling the AI capabilities of Saudi engineers and researchers. The launch of the centre, announced during LEAP 2024, supports the Kingdom’s community development and nationalisation agenda by nurturing next-generation talent in alignment with Vision 2030.
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AD Ports Group Acquires Majority Stake in Tbilisi Dry Port
AD Ports Group Acquires Majority Stake in Tbilisi Dry Port
Purchase Agreement Strengthens the Group’s Role in the Middle Trade Corridor Connecting Asia to Europe
Abu Dhabi, UAE and Tbilisi, Georgia – 22 March 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, today announced the signing of a purchase agreement with Inveco LLC to acquire 60% ownership in the Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia.
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Aster’s India and GCC business separation
Aster’s India and GCC business separation and proposed investment by Fajr Capital-led consortium nearing completion
- In November 2023, Aster DM Healthcare Limited announced its plan to sell the shares held by Affinity Holdings Pvt Ltd (“Company”), a wholly owned subsidiary of the Company in Aster DM Healthcare FZC to Alpha GCC Holdings Limited (“Transaction”).
- The plan essentially was to separate Aster’s India and GCC businesses to unlock long-term value, with a Fajr Capital-led consortium to acquire a 65% stake in the Company’s GCC business. The separation plan is now nearing completion, with key regulatory approvals (including approval from Saudi Arabia’s General Authority for Competition) obtained and transaction milestones achieved.
- Conditions Precedent outlined in the Sale and Purchase Agreement (SPA) are now complete
- The Company’s business operations in Qatar have been brought under Aster DM Healthcare FZC
Meem Foundation donates AED 3 million to Al Jalila Foundation
Meem Foundation donates AED 3 million to Al Jalila Foundation to support health and education programs to empower women and girls
March 21, 2024, Dubai: Al Jalila Foundation, which leads the giving mission of Dubai Health, the first integrated academic health system in Dubai, announced that Meem Foundation, a Dubai-based philanthropic organization, has generously donated AED 3 million to support medical education and treatment programs to empower women and girls.
UAE News 24/7 