In a strategic move to bolster its global presence, Gokaldas Exports Limited (GEL) has announced the acquisition of Atraco Group, a Dubai-based leading apparel manufacturer with a robust market position in the U.S. and Europe. The deal, valued at $55 million, will bring Atraco’s extensive product range, including shorts, pants, shirts, and dresses, under the […]
Saeed Mohammed Al Tayer, the MD & CEO of Dubai Electricity and Water Authority (DEWA), declared Saudi Arabia’s ACWA Power as the ‘Preferred Bidder’ for the groundbreaking 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1 Independent Water Producer (IWP) project. This pioneering project, representing an investment of AED 3.357 […]
Zurich Insurance Company DIFC, a global insurance provider, has implemented TCS BaNCS Insurance for Property and Casualty, a cutting-edge solution offered by Tata Consultancy Services (TCS). This deployment marks a transformative milestone for Zurich DIFC (Zurich Insurance Company Dubai International Financial Center), enabling them to streamline their business processes and unlock a multitude of operational […]
Wipro has appointed a new Chief Growth Officer of its Asia Pacific, Middle East and Africa (APMEA) division in Soeren Lorenzen. According to the Indian IT company, Soeren Lorenzen will lead the sales, marketing as well as partnerships departments. He will also be working closely in conjunction with the Wipro growth office, bringing together the […]
Dubai Electricity and Water Authority (DEWA) is requesting bids from international solar power plant developers for the execution of the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Under the sixth phase, the world’s largest single-site solar park will add a capacity of 900MW, which will be commissioned in stages starting from […]
Shelf Drilling has bagged a three-year contract extension for providing its High Island V jack-up rig in direct continuation of its existing contract in the Arabian Gulf. The details of the customer and the contract value were not disclosed by Shelf Drilling. The shallow water offshore drilling contractor said that following the contract extension, the […]
Nazara Technologies, an Indian gaming and sports media company, said that it will invest up to $4 million (INR 30 crores) in Griffin Gaming Partners’ Griffin Gaming Partners Fund II. Griffin Gaming Partners is a global venture fund that focuses exclusively on gaming. Nazara Technologies will make the investment through its fully-owned subsidiary — Nazara […]
VA TECH WABAG has bagged an order worth around $100 million for carrying out engineering and procurement work pertaining to 120 million gallons per day (MiGD) Hassyan seawater reverse osmosis project (SWRO project) in the UAE. The contract was given to the Indian pure-play water company by Green EPC, a Utico FZC subsidiary, which is […]
Oil and Natural Gas Corporation (ONGC) has awarded a three-year contract to Shelf Drilling for deploying its Ron Tappmeyer jack-up rig to execute offshore operations in India. Presently, the Ron Tappmeyer rig is under contract with ONGC with a completion date fixed in the second quarter of 2022. According to Shelf Drilling, the start-up of […]
Emirates Central Cooling Systems Corporation (Empower), a joint venture of Dubai Electricity and Water Authority (DEWA) and TECOM Group, has acquired the district cooling systems of Dubai International Airport for AED 1.1 billion ($299.5 million). The total cooling capacity of the airport’s district cooling systems is 110,000 refrigeration tons (RT), which covers the equivalent of […]