DEWA adopts new Microsoft generative AI tool

State-owned utility service provider, Dubai Electricity and Water Authority (DEWA) has adopted Microsoft Power Platform and its AI-powered tool Copilot. The move is part of DEWA’s efforts to utilize the latest global technologies in all areas and benefit from the capabilities of generative AI to enhance DEWA’s digital transformation. Copilot will assist software developers at […]

Abu Dhabi International Airport trials new Terminal A operations

The Abu Dhabi Global Market (ADGM) said its assets under management (AuM) surged by a record 35 per cent in the first half of the year, as the city’s main financial centre continues to attract major global and regional players. The latest data from the financial hub shows that a total of 102 asset managers, […]

ECI & ADEX to support Angola’s digital transformation

Etihad Credit Insurance (ECI), the federal export credit agency of the UAE, has signed an insurance policy with Abu Dhabi Export Office (ADEX), which aims to support an initiative to implement a digital transformation project in Angola.  The collaboration, which is in line with the shared objectives of both parties, aims to secure funding projects […]

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 […]

Dubai: DIFC to reveal new high-end residential offering for buyers soon

Dubai International Financial Centre (DIFC) has introduced a new high-end residential offering, DIFC Living. The new residential project will provide residents easy access to: The financial centre will reveal more about the project on its official channels soon. DIFC sees rise in companies in H1 2023 In other news, the financial centre witnessed double-digit growth […]

BHM Capital enters into partnership with Tawasal SuperApp

BHM Capital Financial Services has entered into a strategic partnership with Tawasal SuperApp, a premier communication and lifestyle application, to grant users access to local and international financial markets. The company said that this association will provide Tawasal SuperApp users with unparalleled access to both local and international financial markets via the BHM Capital Financial […]

Azizi & Hydro Way unite for supply of Italian DAB Pumps

UAE-based Azizi Developments has partnered with Hydro Way for the supply of Italian DAB pumps for Azizi’s Amber and Beach Oasis projects in Al Furjan and Dubai Studio City. Hydro Way is a globally recognized leader in the water technology sector. The Italian-based DAB Pumps has been pioneering in the water pump industry for over […]

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 […]