UAE introduces new end-of-service gratuity system for private sector employees
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the UAE is bringing in a new end-of-service gratuity system for employees working in the private sector, as per state news agency WAM. Sheikh Mohammed bin Rashid Al Maktoum, while leading a UAE Cabinet meet, said: “We approved an optional […]
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 […]
DP World to develop Tuna-Tekra Kandla container terminal
DP World , a global leader in supply chain solutions, has signed a concession agreement with India’s Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Tuna-Tekra Kandla in Gujarat. The concession agreement was signed between Mr. S. K. Mehta, Chairman of Deendayal Port Authority and […]
9th World Green Economy Summit to be held from 28th-29th Nov
Dubai Electricity and Water Authority (DEWA), the Dubai Supreme Council of Energy (DSCE), and the World Green Economy Organization (WGEO) have revealed that the 9th World Green Economy Summit (WGES) will be held on 28th-29th November 2023 at Madinat Jumeirah Conference Center, UAE. This will be right before the 28th Conference of the Parties (COP28) […]
Dubai Municipality explores Japan’s sewage treatment tech
Dubai Municipality has explored best practices in sewage and rainwater treatment in Japan, during its visit to the East Asian country. The Dubai Municipality delegation also investigated the various cutting-edge technologies used in sorting waste, converting waste into energy, and recycling cinders. The visit demonstrates the Municipality’s dedication to forging alliances as well as exchanging […]