Technologies

Hitachi Energy acquires eks Energy

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Hitachi Energy acquires eks Energy

Strategic acquisition adds advanced power electronics and energy management software capabilities to meet accelerated, global demand for battery energy storage solutio

Dubai – October 31, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider. The investment also marks the establishment of a strategic partnership with Powin, who maintains a significant ownership stake in eks Energy.

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Beauty

Beautyworld Middle East 2023 Opens Today

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Beautyworld Middle East 2023 Opens Today

  • The 27th edition of the region’s largest trade fair for the beauty, hair, fragrance and  and wellness industry opens at the Dubai World Trade Centre and runs until November 1st
  • Mirroring industry growth, Beautyworld Middle East 2023 is 20% larger than last year’s exhibition with 1,750 regional and global exhibitors from 57 countries across 15 halls. Show sectors include Fragrance, Cosmetics & Skincare, Hair, Nails and Salon Supplies, Personal Care & Hygiene, Beauty Tech and Supply Chain & Services, alongside Clean + Conscious (formerly Natural and Organic) and the launch of the shows newest category; PrestigePack
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Sharjah International Book Fair

Bodour Al Qasimi launches PublisHer Excellence Awards in recognition of exceptional female publishers

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Bodour Al Qasimi launches PublisHer Excellence Awards in recognition of exceptional female publishers

  • Three categories: Lifetime Achievement; Emerging Leader; Innovation
  • Eligibility: female publishers from all walks of life
  • Nominations open until 15 January 2024; winners announced at Bologna Children’s Book Fair, in April.


Sharjah, October 30, 2023

Bodour Al Qasimi has launched the PublisHer Excellence Awards in recognition of outstanding female publishing professionals who have made a tangible difference to the industry.

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Business & Investments

MENA Mergers and Acquisition transactions totalled US$ 59.5 billion in first nine months of 2023

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MENA Mergers and Acquisition transactions totalled US$ 59.5 billion in first nine months of 2023

DUBAI, UAE – LSEG (London Stock Exchange Group) today released the third quarter 2023 investment banking analysis for Middle East and North Africa. 

INVESTMENT BANKING FEES

An estimated US$803.2 million worth of investment banking fees were generated in the Middle East & North Africa during the first nine months of 2023, 31% less than the value recorded during the same period in 2022 and the lowest first nine-month total since 2018.  Advisory fees earned from completed M&A transactions in the region totalled US$181.2 million, a 52% decrease from year ago levels and the lowest first nine-month total in five years.  Equity capital markets underwriting fees totalled US$165.5 million, down 39% from last year but reaching the second highest level in the last 15 years.

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Business & Investments

Ajman Holding & Mulk International forge joint venture

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Ajman Holding & Mulk International forge joint venture to elevate global presence in construction and other fields

Ajman Holding and Mulk International announces a joint venture to expand construction, sports and associated businesses globally that will see increased export of UAE-manufactured Alubond products as well as global expansion of the UAE home-grown T10 Cricket League in the coming years

His Highness Sheikh Abdul Aziz Al Nuaimi, Chairman of Ajman Holding, says: “We are committed to ensuring this cooperation transcends conventional boundaries, setting a benchmark for successful partnerships in the region and the global arena. Our combined efforts will not only fortify the domestic market presence of both the T10 League and Alubond but also drive their momentum to new global territories.”

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