UAE’s ADNOC Group to invest in Habshan carbon capture
UAE’s ADNOC Group has reached a final investment decision to develop the Habshan carbon capture utilisation and storage (CCUS) project. The CCUS project will have the capacity to capture and permanently store 1.5 million tonnes per annum (mtpa) of carbon dioxide within geological formations deep underground. The Habshan project will triple the company’s carbon capture […]
e& capital invests in US-based AI startup Ikigai Labs
e& capital announced that it has participated in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data. Through this funding round, Ikigai Labs has secured $25 million in this round, with contributions from e& capital, Premji Invest, and Foundation Capital. The funding will advance […]
PureHealth acquires UK’s Circle Health Group for $1.2bn
PureHealth, the largest healthcare platform in the Middle East, has signed an agreement to acquire the UK’s largest independent operators of hospitals, Circle Health Group in a deal valued at $1.2 billion. This acquisition underlines the UAE company’s commitment to delivering world-class medical care to patients globally, as well as developing new clinical care pathways […]
FAB, Magnati unite with Geidea to boost digital payments
First Abu Dhabi Bank (FAB) and Magnati have entered into a strategic alliance with Saudi Arabia’s largest fintech company Geidea to provide digital payment acceptance services for businesses in the Kingdom.The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the gap […]
Sheikh Khaled officially launches Mawaheb Talent Hub
H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has officially launched the Mawaheb Talent Hub (Mawaheb), a Human Resources Authority (HRA) initiative supporting career-driven Emirati jobseekers. Mawaheb builds on a successful pilot phase during which 7,450 citizens benefitted from 680 upskilling […]