Latest Threads on News from companies

Taaleem Holdings PJSC has announced its acquisition of Lycée Libanais Francophone Privé Meydan (LLFP Meydan), a French curriculum school in Dubai with a capacity for 1,900 students. This acquisition complements Taaleem’s existing network of UK, IB, and American curriculum schools, enhancing its diverse educational offerings. LLFP Meydan currently enrolls 1,300 students from 26 nationalities, focusing on the French curriculum. Located in the rapidly developing Meydan area of Dubai, the school spans over 35,700 square meters with seven environmentally friendly buildings. In its first KHDA inspection in 2024, the school was rated 'Very good' with several 'Outstanding' features. The acquisition aligns with Taaleem's mission of educational excellence and will be integrated into its financials in FY2024/25.

Dubai Financial Market (DFM) has partnered with Al Maryah Community Bank (Mbank) to launch the IPO Upgrade program, which allows investors to leverage their subscription for selected Initial Public Offerings (IPOs) by up to five times. This initiative, supported by the Central Bank of the UAE, aims to enhance financial empowerment and accessibility within the UAE's capital markets. The program offers flexible investment options with the potential for higher allocations at a nominal fee. This collaboration highlights Mbank's role in financial innovation and DFM's commitment to transforming the UAE's financial landscape. Investors can access detailed information about the program through the DFM app or website.

Forbes Middle East has recognized H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), as a top sustainability leader in the energy and utilities sector across the Middle East. He is one of 107 leaders honored for their contributions to sustainability, with the UAE leading the list. The evaluation considered various sustainability efforts, including ESG reports and energy efficiency. This is Bin Shafar's second recognition by Forbes Middle East this year. He emphasized the importance of district cooling systems in sustainable development and highlighted Dubai's goal to increase environmentally friendly cooling systems to 40% of its total capacity by 2030.

Modon Holding P.S.C. has announced a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt, particularly in Ras El Hekma. The memorandum of understanding aims to enhance cooperation in sectors such as infrastructure, energy, and water and wastewater treatment. His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated that the agreement marks a significant step in their expansion into Egypt and highlights their commitment to promoting partnership opportunities. Both companies will focus on developing resilient and sustainable utilities and infrastructure, including power, water treatment, and telecommunications, to ensure long-term operational success.

Palms Sports has secured a two-year government contract worth over AED 32 million to provide physical training and development for a prestigious institution in the UAE. The company, a leader in sports management and Jiu-Jitsu training, will deploy a team of 28 experts to support leadership development initiatives. CEO Fouad Darwish expressed pride in the partnership, highlighting the company's commitment to delivering high-quality training and its role in supporting the UAE's leadership goals. This contract emphasizes Palms Sports' expertise and expands its service offerings in leadership and personal development.