Author: CBNME DIGITAL REPORTER

Develon’s first apperance in Germany will feature world-first-innovations at Bauma 2025 – On stand FM714/1 with 3748 m² of space, Develon will display over 20 machines – A live demonstration show will run five times a day – Under the slogan of ‘Achieve the Next’, Develon’s Experience Zone will present new digital technologies and state-of-the-art machinery at Bauma – New model launches will elevate, extend and expand current ranges from Develon DEVELON, formerly Doosan Construction Equipment, will make its first appearance at the Bauma Fair from 7 to 13 April 2025 in Munich, Germany. The Develon stand is certain to…

The Public Investment Fund (PIF) acquires a 30% stake in Masdar building Materials On the 12th of February 2025, PIF announced the acquisition of a 30% stake in Masdar for Building Materials Company (Masdar), a leading local company specializing in the trading and distribution of building materials, by way of subscribing to newly issued shares through a capital increase.  PIF’s investment will enable Masdar to transform its operations through digital technology, enhancing the customer experience, and improving operational efficiency. The investment will also allow the company to expand its operations, build new strategic partnerships, as well as increase the role…

Umm Al Qura and Takatuf Holding sign major investment agreement for IPO Umm Al Qura for Development and Construction (“Umm Al Qura”, the “Company” or the “Issuer”), the owner, developer and operator of MASAR Destination (“the Project” or “MASAR”) – one of the largest redevelopment projects in Makkah, today announces it has issued a supplementary prospectus and signed a binding investment undertaking agreement for its Initial Public Offering (“IPO” or “the Offering”) with Takatuf Holding Group Company (“Cornerstone Investor” or “Major Investor”), a limited liability company wholly owned by Abdullah Sulaiman Al Rajhi Holding Company (“ASAQ”). The Cornerstone Investor has committed to a subscription of…

Ian Enser-Armstrong, Executive Director at JLL MENA, emphasizes how dilapidation surveys transform incomplete buildings into valuable assets, benefiting all stakeholders

The partnership between UAQ properties and Deyaar aims to develop modern infrastructure and support the emirate’s economic growth Sheikh Ahmed bin Saud bin Rashid Al-Mualla, Vice President of the Executive Council of the Emirate of Umm Al-Quwain, witnesses, at Al Diwan Al Amiri, the signing of a strategic partnership agreement between “Umm Al Quwain Properties” and “Deyaar Development” to develop projects on Umm Al Quwain beachfront.  The agreement was signed by Sheikh Majid bin Saud bin Rashid Al-Mualla, Head of the Department of Tourism and Antiquities on behalf of Umm Al-Quwain Properties, and by Mr. Saeed Mohammed Al Qatami, CEO…

Volvo CE unveils innovative zero-emission range, enhancing sustainable Solution at Bauma 2025 Volvo Construction Equipment (Volvo CE) is set to make history at Bauma 2025 (April 7-13) with the unveiling of its first-ever zero-emission-only lineup. This groundbreaking showcase will feature an exclusive all-electric range and marks a significant milestone in Volvo CE’s commitment to sustainable innovation. The platform will also include a worldwide first launch of a new Volvo zero-emission machine, designed for key industrial segments in the construction industry. Volvo CE also provides conventional diesel options of all zero-emission models on show that deliver industry-leading fuel efficiency improvements of…

Yango Ride is launching business-focused transportation in Abu Dhabi, after its success in Dubai Yango Ride, the international ride-hailing service and part of the global tech company Yango Group, has expanded its corporate business-to-business (B2B) service, Yango Rides for Business, in Abu Dhabi. This service was launched in Dubai in 2024 and aims to simplify and enhance corporate transportation management for enterprises in both Emirates. Yango Rides for Business provides companies with an efficient corporate solution to oversee all employee transportation requirements through a single, unified platform. With this service, businesses can streamline their ride-hailing expenses, removing the complex process…

JTC Logistics Reports Robust 2024 Profits, Proposes 26 Fils Per Share Dividend JTC Logistics Transportation & Stevedoring Company K.S.C.P. (JTC), a leading provider of port management, logistics, warehousing, equipment leasing, and power rental services in the GCC, today announced its financial results for the full year 2024, reflecting strong net profit growth and continued expansion in key regional markets. JTC’s Board of Directors recommended the distribution of 26 fils per share for the 2024 financial year. JTC recorded a net profit of KD 6.6 million for 2024, despite a minor decrease in operating revenue which stood at KD 28.5 million.…

Bikanervala to Invest AED 33.7 Million in Cutting-Edge Manufacturing Facility at NIP Bikanervala, a global leader in Indian sweets and snacks, is investing AED 33.7 million to develop a state-of-the-art manufacturing facility at National Industries Park (NIP), strengthening Dubai’s position as a regional hub for food production. Announced during Gulfood 2025, the 161,000-plus square foot facility will serve as a critical production hub for Bikanervala’s restaurants, cloud kitchens, and retail partners. Production will begin in late-2026, with an initial capacity of 1,300 metric tonnes per year, expected to double to 2,700 metric tonnes by 2030. The first phase of operations will…

Dubai’s skyline welcomes new addition: Burj Azizi by Azizi Developments In a major step forward for Azizi Developments, Dubai’s leading private developer, Burj Azizi, the world’s second tallest tower at 725 meters, is now being launched for sales.  The project is seen as a historic milestone for the real estate developer – tantamount to the realization of a long-cherished dream by its Founder and Chairman, Mr. Mirwais Azizi.  Today, the 18th of February 2025, a major unveiling event is being held at the Coca Cola Arena, Dubai, to celebrate the occasion. The event will bring together over 15,000 guests from…