BusinessLatest Business and Company Updates
Aramco Expands into Mobility Solutions with Horse Powertrain Stake
Saudi Aramco, the world's largest energy company, has secured a significant foothold in the evolving mobility sector through its acquisition of a 10% stake in Horse Powertrain, a global leader in automotive engineering and electrification technologies. This strategic move, announced last week, underscores Aramco’s ambition to diversify its portfolio and
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e& Acquires Turkey’s GlassHouse in $60M Deal
Telecommunications giant e& has announced the acquisition of GlassHouse, a leading Turkish technology firm, in a strategic move valued at $60 million. This acquisition marks a significant expansion of e&’s regional footprint and underscores its commitment to broadening its technological
Tabreed Secures Approval for $2 Billion Non-Convertible Debt Issuance
Dubai-listed National Central Cooling Company PJSC, known as Tabreed, has obtained shareholder approval to issue up to $2 billion in additional non-convertible debt instruments, including bonds or sukuk. The authorization was granted during the company's Annual General Assembly meeting held
Deyaar Aims High with AED 2 Billion Flagship Residential Tower
Dubai-listed Deyaar Development has announced ambitions to achieve sales of nearly AED 2 billion from its Downtown Residences project in Business Bay, CEO Saeed Mohammed Al Qatami confirmed to CNBC Arabia. The mammoth twin‑tower, rising over 110 storeys and reaching 445 metres in height, is
