Business & Money | Monday 21 December, 2020 1:15 pm

Netix Global bags contract to upgrade and maintain Mazaya Business Avenue Jointly Owned Property buildings in UAE

The three properties jointly owned by Mazaya Business Avenue will be operated and maintained under a connected buildings model, using Netix's IoT and AI-based open protocol solutions. Dubai, 21st December, 2020: Netix Global BV, a SB Group International subsidiary specializing in...

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Business & Money | Monday 21 December, 2020 12:57 pm

Aramco and Cognite Establishes a Joint Venture to Accelerate Industrial Digitization

The Saudi Aramco Development Company, a subsidiary of The Saudi Arabian Oil Company, today announced it has signed a joint venture (JV) agreement with Cognite AS (Cognite), a global industrial software company and majority-owned subsidiary of Aker ASA (Aker), as part of the two companies’...

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Business & Money | Monday 21 December, 2020 11:05 am

Majid Al Futtaim Launches Company-wide Circular Economy Strategy to Further Reduce Environmental Impact

New strategy underpinned by Majid Al Futtaim’s Net Positive and single-use plastics commitmentsBy 2030, all Majid Al Futtaim businesses will have circularity at the core of their operations Based on five pillars, Majid Al Futtaim’s circular economy strategy addresses key areas of impact...

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Business & Money | Monday 21 December, 2020 10:42 am

Equity Crowdfunding platform Eureeca facilitates US$1.3 million in series A funding for Udrive after going live in record time

Eureeca, the first multi-regulated global equity crowdfunding platform, has announced that the UAE-based pay-per-minute car rental service Udrive has raised US$1.3 million from 186 investors in just 48 hours. The raise forms part of Udrive’s series A round of funding from their customers,...

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Business & Money | Monday 21 December, 2020 10:32 am

Abu Dhabi Securities Exchange (ADX) Announces Listing Palms Sports on its Second Market

Abu Dhabi Securities Exchange (ADX) announced that Palms Sports P.J.S.C has listed its shares on ADX’s Second Market under the trading symbol PALMS, and trading begins on the shares today. The company’s nominal value of share capital is AED 150 million, with each share having a nominal value of ...

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Business & Money | Sunday 20 December, 2020 11:19 am

ENGIE acquires Saudi Arabia’s Allied Maintenance Company Ltd

ENGIE Solutions, an international leader in providing low carbon energy and services, has acquired Allied Maintenance Company Ltd (AMC), a Saudi-based total facilities management company with a wealth of experience across numerous locations in the Kingdom. Formed in 1992, AMC has more than...

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Business & Money | Saturday 19 December, 2020 12:10 pm

Azizi Developments records sale of 315 retail units worth AED 458.68m marking a substantial surge in Q4 2020

Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its retail units across projects in the fourth quarter of 2020, despite the pandemic-induced challenges that the real estate industry has witnessed. The total units sold now amount to...

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Business & Money | Saturday 19 December, 2020 11:57 am

Sorbonne University Abu Dhabi celebrated the graduation of the of the first cohort of officers of the Advanced Maritime Strategic Professional Certificate.

In the presence of HE Xavier Chatel, French Ambassador to the UAE, Professor Silvia Serrano, Vice Chancellor of Sorbonne University Abu Dhabi, Staff Brigadier Abdulla Faraj Masoud Almeherbi, Deputy Commander of the UAE Naval Forces, and Captain Pierre Alzuyeta, Chief of Department in charge of the...

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Business & Money | Saturday 19 December, 2020 11:02 am

Air Arabia wins ‘Low-Cost Airline of the Year’ honour at Aviation Business Awards

Air Arabia was adjudged in the ‘Low-Cost Airline of the Year’ category by an expert panel of industry judges for the carrier’s innovation, financial performance, and ambitious growth plans.Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: “Winning the ‘Low-Cost Airline of...

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Business & Money | Saturday 19 December, 2020 4:06 am

Saudi Arabia, Finland sign deal to promote ‘indoor hygiene solutions’

Saudi Arabia and Finland have stepped up joint efforts in infection prevention by signing a memorandum of understanding (MoU). The signing ceremony took place at the Finnish Embassy in Riyadh on Wednesday. Knowledge-exchange links are being built on Saudi Arabia’s vast patient safety...

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