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France’s OVHCloud takes first step toward IPO and hopes to raise around $470m
French cloud computing services provider OVHcloud said it was hoping to raise 400 million euros ($468.64 million) via the issuance of new shares as part of a planned initial public offering (IPO) on the Paris stock market.
OVHCloud hopes…
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Saudi Ground Services signs $27.2m handling services deal with Fly Dubai
UAE's Fly Dubai has signed an agreement for handling services with the Saudi Ground Services Company (SGS) for a period of five years, with a value exceeding 100 million Emirati dirhams ($27.2 million), Al Bayan paper reported.
Under the…
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Aramco’s Wa’ed invests in online gifts marketplace Joi Gifts
The entrepreneurship unit of Aramco, Wa’ed, was one of the investors in Joi Gift’s recent funding round that gained $2.5 million in proceeds.
Joi Gifts is an online marketplace for gifts, which operates in eight countries, including…
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Huawei to pump $15m into Middle East’s cloud computing market
Technology giant Huawei announced a $15 million investment to promote the use of cloud computing in the Middle East.
The investment, to be deployed over the next three years, will benefit more than 100 small and medium-sized enterprises…
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Oman, Saudi ties open door for businesses to explore opportunities in the sultanate
More Saudi businesses are actively exploring investment opportunities in Oman following recent reciprocal visits of Saudi and Omani top officials.
The visits have given a new impetus to the bilateral ties and slammed open doors of new…
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Flexible-work platform attracts more than 10,000 Saudis since launch
A platform to help workers find part-time and freelancing work in Saudi Arabia has managed to attract interests from more than 10,000 seekers of flexible work hours since May 2020, according to the Ministry of Human Resources and Social…
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ACWA Power bets big on Uzbekistan growth
In the crowded corridors of the Hilton Tashkent City, ACWA Power Chairman Mohammad Abunayyan talks quietly with key delegates of the Islamic Development Bank’s annual meeting in Uzbekistan, who approach him one after another.
Abunayyan,…
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Jessica Alba’s Honest Company sued by shareholders
Jessica Alba's Honest Company are being sued by shareholders for alleged fraud.
The 'Sin City' star's firm have been accused of misleading people by failing to disclose essential details about sales after they saw business boom during…
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Aramco, Schlumberger lead a financing round for a hydrogen battery company
EnerVenue, the first company to offer metallic hydrogen batteries, announced that it has raised $100 million in Series A funding, led by Schlumberger New Energy and Saudi Aramco Energy Ventures (SAEV)- Aramco Ventures' capital programme,…
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Dubai’s DP World to invest $414.8m in London Gateway port
Logistics operator DP World is investing £300 million ($414.8 million) to build a fourth berth at its London Gateway hub.
Construction will begin in October, the Dubai company said in a statement, as it aims to boost capacity for large…
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