Masdar, DEWA ink deal to deliver 6th phase of world’s largest single-site solar park project

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, bore witness to the signing of an agreement between the Dubai Electricity and Water Authority (DEWA) and Masdar to build and operate the 1,800 megawatt (MW) phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park […]

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 […]

DEWA selects Masdar as preferred bidder for Solar PV Project

HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has announced that the Abu Dhabi Future Energy Company (Masdar) is the preferred bidder to build and operate the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park for using photovoltaic (PV) solar panels based on the […]

Multiply Group’s unit MG Wellness acquires stake in LVL Technology

Abu Dhabi-based Multiply Group’s wellness-focused subsidiary, MG Wellness Holding has acquired 49.38 percent equity interest of LVL Technology. LVL Technology Holding’s LVL Wellbeing is a corporate wellbeing platform that provides individual, team, and corporate wellbeing practices that contribute to a healthier work or life balance. The company said in a statement that “the investment will […]

DCT Abu Dhabi cuts hotel fees to support tourism sector

The Department of Culture and Tourism – Abu Dhabi (DCT – Abu Dhabi) has reduced government fees applied to hotels in the emirate, supporting the continued growth of the hospitality and tourism sector, and enhancing Abu Dhabi as a leading global leisure and tourism destination. The government fee amendments include reducing a tourism fee issued […]

Black Cobra & NFFSP collaborate on specialized footwear design & manufacturing

Black Cobra Military Supplies (BCMS), a tactical gear manufacturer based in Abu Dhabi, and the National Factory for Safety and Security Products (NFFSP) have signed a Memorandum of Understanding (MoU) that outlines principles of a collaborative partnership between the two entities in the field of specialized footwear design and manufacturing for the MENA region. Facilitated […]