In a dramatic shift of US military strategy, the Pentagon has announced a significant escalation of its military presence in the Middle East. On August 2, 2024, US Secretary of Defense Lloyd Austin approved the deployment of additional fighter jets and advanced Navy cruisers equipped with ballistic missile defense systems to counter escalating threats from […]
Intellect Design Arena Ltd, a leading cloud-native, future-ready multi-product financial technology company catering to the world’s top banking and insurance clients, has officially announced the rollout of its groundbreaking ‘First Principles’ Technology suite, eMACH.ai. Aimed at technologically adept bankers across the Middle East and Africa, this suite is designed to revolutionize banking services by keeping […]
Larsen & Toubro’s (L&T) Energy Hydrocarbon division (LTEH) has achieved a significant milestone by securing an onshore order valued between INR 1,000 to 2,500 crores from a prestigious client in the Middle East. This strategic win underscores L&T’s expanding footprint in the global hydrocarbon sector, highlighting its commitment to delivering engineering excellence and sustainable solutions. […]
The hydrocarbon business of Larsen & Toubro (L&T), known as L&T Energy Hydrocarbon (LTEH), has recently received a Letter of Intent for a significant offshore order worth in the range of INR 10,000 crores to 15,000 crores from a prestigious client in the Middle East. This achievement highlights LTEH’s growing reputation and capabilities in the […]
Larsen & Toubro’s Power Transmission & Distribution (T&D) Business has announced its latest triumph – securing new orders valued between INR 1,000 and 2,500 crores, from both Indian and international markets. In the Middle East, the business bagged two significant orders for upgrading Electrical Networks in large industrial facilities. The orders primarily involve the establishment […]
Eutelsat Communications has teamed up with Emirates Integrated Telecommunications Company (EITC), commonly known as du, to strengthen its Direct-to-Home (DTH) satellite services across the Middle East and North Africa (MENA) region. This strategic partnership aims to enhance capacity at the 7/8° West orbital position, fostering seamless delivery of high-definition content with an optimized user experience […]
Ramco Systems, an enterprise software company, has inaugurated its wholly-owned subsidiary in Qatar, marking a significant step towards supporting and transforming the business landscape in the region. The subsidiary, situated in Doha, was inaugurated by Her Excellency, Mrs. Angeline Premalatha from the Embassy of India. Qatar, known as one of the fastest growing countries in […]
Wipro has entered into a partnership with fintech company Finastra for driving digital transformation in the Middle East for corporate banks. According to the Indian IT services provider, the multi-year collaboration is in line with the vision of the Middle East to digitize quickly and strengthen cross-border trade. The agreement will see Wipro become the […]
Wipro said that it has launched a new Middle East financial services advisory capability through Capco, which will cater to financial services firms in the region with strategic management and technology consultation. Capco, which was acquired last year by the Indian IT services provider for $1.45 billion, will help financial services firms with their initiatives […]
The Saudi Agricultural and Livestock Investment Company (SALIC) has agreed to acquire a 9.2% stake in LT Foods, an Indian basmati rice processing company, for a total consideration of approximately SAR 209 million (approximately INR 455.5 crores or $55.6 million). The stake acquisition is being done by the fully-owned subsidiary of the Saudi Public Investment […]