Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

USD Income Fund generates an annual return of 8% while USD Mutajara Fund registers healthy 5% returns Jeddah, Saudi Arabia, March 24, 2021, (AETOSWire) – Sidra Capital, a Shari’ah compliant asset management firm headquartered in Jeddah, Saudi Arabia and regulated by the Capital Market Authority (CMA), has announced healthy annual returns on two of its US Dollar-denominated funds: the USD Income Fund, which generated above-target returns of 8%, and the US Dollar Mutajara Fund, which met its targeted return of 5% for 2020. The returns are especially impressive in light…

Farnek appoints Knight to head up new hospitality division

فارنك تعين البريطاني والتر نايت مديراً لقسم الضيافة الجديد للشركة

Renowned Dubai hotelier Walter Knight to launch new hospitality vertical at leading UAE Facility Management company     Leading UAE-based smart and green facilities management (FM) company Farnek has appointed British national Walter Knight as director of its new hospitality division. Knight will be responsible for structuring and developing a new fully functioning hospitality division, which will provide a comprehensive range of outsourced or third party services. Quite apart from concierge services, housekeeping, property operations, maintenance, energy consultancy (POMEC) and security, Farnek will manage central reservations and front office services. Talking…

AHEAD OF LIVE EVENT AT EXPO2020

CITYSCAPE GLOBAL HOSTS VIRTUAL INVESTOR SUMMITS TO HELP SECTOR RESURGENCE Virtual Investor Summits to share insights and knowledge with investors on key market trends and opportunities New hybrid event model to host month-long digital platform for lead generation and conversion, creating a ‘browsing to buying’ investor journey Dubai, UAE, 3 March 2021: Cityscape Global organiser Informa Markets has unveiled an exciting new format for Cityscape Global 2021. This meeting of minds for the real estate industry is made up of a series of virtual investor intelligence summits, online seminars and…

Radisson Hotel Group reinforces its position across the Middle East

Radisson Hotel Group reinforces its position across the Middle East

Despite the challenges, due to the current circumstances, Radisson Hotel Group has started moving towards normality with a host of expansion and opening announcements over the past months. From the first Radisson RED in the region to making history with the appointment of the world’s first female Saudi General Manager in the hospitality industry, Radisson Hotel Group looks back on a year of mixed emotions and many great achievements. Looking back at 2020, Radisson Hotel Group has announced more than 40 new hotel signings across EMEA, five of which comprising…

DIP’s 7th energized DEWA substation increases power generation capacity by 16.66%

مجمع دبي للاستثمار يعلن عن زيادة قدرة توليد الطاقة

Facilitated to enhance electricity supply and seamlessly support requirements across all sectors in DIP Dubai Investments Park [DIP], the uniue integrated commercial, industrial & residential community in the Middle East, wholly-owned by Dubai Investments PJSC, has increased the power generation capacity across DIP by 16.66%, facilitating a total power load of 1050 megavolt-amperes (MVA), with the 7th energised DEWA substation. As part of the ongoing strategic initiatives with DEWA, strengthening the grid and ensuring a reliable and efficient power supply, the 132/11 KV (Kilovolt) gas insulated switchgear [GIS] substation, located…

ViaBTC Reached Strategic Cooperation with AntSentry, a Subsidiary of Bitmain

ViaBTC Reached Strategic Cooperation with AntSentry, a Subsidiary of Bitmain

HONG KONG–(BUSINESS WIRE/AETOSWire)– ViaBTC mining Pool is excited to announce that it has reached a strategic cooperation with AntSentry, a subsidiary of Bitmain, the world’s largest ASIC mining machine manufacturer. The two companies will have in-depth cooperation in fields such as technology, operation and maintenance, marketing, and customer service, and join hands to provide high-quality services for worldwide miners and mining farms to make mining easier. “ViaBTC is committed to providing users with the best products and services. As a close partner of Bitmain, we have kept close track of…

NMDC shareholders approve recommended offer to combine with NPCC to create a leading EPC powerhouse

NMDC shareholders approve recommended offer to combine with NPCC to create a leading EPC powerhouse

Abu Dhabi, United Arab Emirates, (AETOSWire): Shareholders of National Marine Dredging Company PJSC (“NMDC”), have voted at the Company’s General Assembly Meeting to approve the recommended offer from General Holding Corporation PJSC (Senaat), which is part of ADQ, and other minority shareholders of National Petroleum Construction Company PJSC (“NPCC”) (together, the “NPCC Shareholders”), to combine NPCC with NMDC. NPCC is a world-class Engineering, Procurement and Construction Company that provides total EPC solutions to both the Offshore and Onshore Oil & Gas sector. The combination of NMDC and NPCC (the “Combined…

tabby, the Region’s Leading Buy Now Pay Later Fintech Raises $23m

in one of the Largest Series A Funding Rounds in the Middle East Dubai, December 8, 2020 – tabby (tabby.ai), the leading UAE and KSA-based BNPL provider announced that it has raised Series A financing of $23m in debt and equity led by Arbor Ventures and Mubadala Capital, with participation from STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and Arab Bank. This funding will fuel the company’s next stage of growth, helping tabby materially scale its product and engineering capabilities in…

Siemens Energy and Porsche, with partners, advance climate-neutral e-fuel development

World’s first integrated commercial plant for producing climate-neutral fuel being built in Chile Innovations from Germany to industrialize synthetic fuels and decarbonize the mobility sector German Economy Ministry supports beacon project as part of national hydrogen strategy Porsche is planning to use e-fuels – initially on race courses and in vehicle trials, prospectively also in production sports cars. Siemens Energy, joined by sports car maker Porsche and a lineup of international companies, is developing and implementing a pilot project in Chile that is expected to yield the world’s first integrated,…

HYUNDAI MOTOR GROUP TO LEAD CHARGE INTO ELECTRIC ERA ’ WITH DEDICATED EV PLATFORM ‘E-GMP

Hyundai Motor Group reveals E-GMP, its first dedicated BEV platform, for next-generation BEV line-up BEVs based on E-GMP can provide range over 500km on a full charge (WLTP) and be charged up to 80 % within 18 minutes through high-speed charging High performance model based on E-GMP will accelerate from zero to 100kph in less than 3.5 seconds, with top speed of 260kph Components optimize driving dynamics and safety, and maximize cabin space Integrated Power Electric system includes world’s first multi-charging (400V/800V) and bi-directional power conversion function Platform modularization and…