An Abu Dhabi-based private equity firm specializing in buyout deals for mid-market companies has received a million investment from Saudi Venture Capital Company (SVC). Olive Rock Partners, the recipient of …
Saudi Arabia
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NewsUAE
Mercedes-Benz Vision EQXX achieves groundbreaking efficiency record
by Dubaiforumby DubaiforumMercedes-Benz Vision EQXX Sets New Efficiency Record in Arabian Desert The Mercedes-Benz Vision EQXX has achieved a new energy consumption record during a journey across the Arabian Desert, surpassing its …
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NewsUAE
Egypt and Saudi Arabia Establish Natural Gas Company with Initial Capital of 2 Million Riyals
by Dubaiforumby DubaiforumThe Modern Gas Company has announced the establishment of a new entity in the Kingdom of Saudi Arabia, named “Modern Gas Saudi Arabia.” The company will focus on natural gas …
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NewsUAE
Electric Mercedes Vehicle Travels 627 Miles on One Charge with Air Conditioning – News Outlet
by Dubaiforumby DubaiforumMercedes-Benz’s Vision EQXX has set a new efficiency record by covering an impressive 627 miles on a single charge with the air conditioning on. This breakthrough showcases the brand’s commitment …
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NewsUAE
‘October sees a 5% increase in container volume at ports in Saudi Arabia’
by Dubaiforumby DubaiforumSaudi Ports Experience 5% Increase in Container Volume in October The Saudi Ports Authority (MAWANI) has reported a significant increase in container throughput for the month of October. A total …
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Renowned Egyptian designer Mohamed Nour showcased his latest collection from his brand “Hurra” (Free) at the historic Dar el Darb heritage site in Citadel Saladin. The collection, consisting of 65 …
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NewsUAE
White & Case named “Best Law Firm” in Middle East and Saudi Arabia in EMEA Finance rankings
by Dubaiforumby DubaiforumWhite & Case LLP, a global law firm, has recently been recognized as the “Best Law Firm” for both the Middle East and Saudi Arabia at the EMEA Finance Middle …
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NewsUAE
‘Sheikh Mansour opens new desalination facility in Umm Al Qaiwain’
by Dubaiforumby DubaiforumSheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, inaugurated the “NAQA’A” Seawater Reverse Osmosis (SWRO) desalination plant in Umm Al Qaiwain, …
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NewsUAE
Net profit for Burjeel Holdings rises to AED 540 million in 2023, marking a 52.4% increase
by Dubaiforumby DubaiforumIn a recent announcement, Burjeel Holdings PLC reported a significant increase in annual revenue and net profit for 2023. The company’s revenue grew by 15.6 percent to AED 4.5 billion, …
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NewsUAE
‘Enhancing Research Collaborations in Science and Technology: UK and Saudi Arabia Establish Partnership’
by Dubaiforumby DubaiforumThe UK and Saudi Arabia have signed an agreement aimed at strengthening collaboration in the field of scientific and technological research. The deal, signed by UK government Science Minister Andrew …