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Ooredoo Group has secured a QAR 2 billion financing deal with QNB, Doha Bank, and Masraf Al Rayan to enhance its data center and AI business. This 10-year hybrid facility, comprising both commercial and Islamic tranches, is the largest tech sector transaction in Qatar. The funds will be used to expand and modernize Ooredoo's data centers across the MENA region, supporting the growing demand for hyperconnectivity, AI, and cloud services. Aziz Aluthman Fakhroo, Group CEO of Ooredoo, highlighted the significant potential in the MENA region for data centers and expressed gratitude to the financial institutions involved for their support in this strategic initiative.

Palms Sports has secured a two-year renewal of a government contract valued at AED 25.5 million, marking a 46% increase in scope and value. The contract includes the provision of 35 elite coaches, up from 24, reflecting growing demand for their specialized expertise. This renewal underscores Palms Sports' leadership in combat and tactical defense training. CEO Fouad Darwish highlighted the company's commitment to delivering top-tier training services and its ongoing efforts to diversify and expand into new markets through strategic investments and alliances.

GFH Financial Group B.S.C. announced that a Board of Directors meeting is scheduled for Thursday, November 7, 2024, at 2 p.m. Bahrain time. The agenda includes discussing the financial results for the third quarter of 2024 and other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

E7 Group has partnered with SAP to implement a unified cloud-based Enterprise Resource Planning (ERP) solution, enhancing its digital infrastructure and improving key business functions. This partnership, following a rigorous evaluation process, is part of E7's growth strategy aimed at improving customer experience and operational efficiency. SAP's solutions will centralize and automate processes, providing real-time data, increased resilience, and future-proof capabilities. This collaboration supports E7's goal to expand globally and boost competitiveness by enhancing digital capabilities. The implementation will be managed by NTT DATA Business Solutions. E7 Group, established in 2006 in Abu Dhabi, operates in security solutions, commercial printing, distribution, and sustainable packaging.

On 24 September 2024, the Abu Dhabi Securities Exchange received a notification from Fertiglobe plc regarding a resolution passed by the company's Board of Directors on 23 September 2024. The resolution, issued at 6:00 PM, includes approval to call for a General Assembly meeting to consider amending the company's Articles of Association and electing a new Board of Directors. The General Assembly meeting will be scheduled two weeks after obtaining necessary regulatory approvals related to ADNOC’s acquisition of OCI’s majority shareholding in Fertiglobe, as announced on 15 December 2023.

Abu Dhabi Future Energy Company PJSC (Masdar), in which Abu Dhabi National Energy Company PJSC (TAQA) holds a 43% share, has signed definitive agreements with Brookfield Renewable and its institutional partners to acquire a 100% stake in Saeta Yield. The deal is valued at approximately AED 4.8 billion (€1.2 billion) with an additional investment of AED 2.8 billion (€696 million). The acquisition includes an operating and regulated portfolio of about 745 MW of onshore wind and solar assets, along with a development pipeline of approximately 1.6 GW across Spain and Portugal. The transaction is expected to close by the end of 2024, pending regulatory and customary approvals. For more information, please refer to Masdar’s full announcement on their website.

Axiom Space and Burjeel Holdings have signed a Memorandum of Understanding to conduct scientific research and test new technologies in space, focusing on how the human body reacts in microgravity. The collaboration aims to expand access to microgravity for medical advancements. The announcement was made at a signing ceremony in New York, attended by key executives from both organizations. As their first initiative, they plan to send a suite of medical capabilities to space, which will be used by Axiom Space astronauts during their training and the upcoming Axiom Mission 4 (Ax-4). This research will study the effects of microgravity on biomarkers, drug substance quality, and remote health services. The partnership is intended to benefit medical innovation and patient outcomes globally, aligning with the UAE's vision for space exploration.