ADGM & Etihad Airways unite to boost Abu Dhabi as global business hub
Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) of the UAE’s capital, has signed a Memorandum of Understanding (MoU) with Etihad Aviation Group, aiming to spearhead initiatives that build on ADGM’s value proposition. Further, this move intends to strengthen Abu Dhabi’s position as a preferred destination for regional and global companies to expand […]
Mubadala Capital & Korea’s Woori Venture sign partnership MoU
Mubadala Capital, the wholly-owned asset management subsidiary of Mubadala Investment Company, and Woori Venture Partners, a wholly-owned subsidiary of Woori Financial Group, a leading financial group in the Republic of Korea, have signed a Memorandum of Understanding (MoU) to establish a strategic partnership. Under the MoU, the Solutions platform in Mubadala Capital and Woori Venture […]
Dubai South & Aldar form JV to develop Grade A logistics facilities
Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, and Aldar Properties, the leading real estate developer, investor, and manager in the UAE, have entered into a joint venture to develop Grade A logistics facilities in Dubai South. Through the partnership, Aldar and Dubai South will work collaboratively to bring […]
7X launches logistics subsidiary ‘EMX’ for CEP industry
7X, previously known as Emirates Post Group, has launched EMX, a new dynamic subsidiary set to redefine the landscape of Courier, Express, and Parcel (CEP), at a gala event held at the Museum of the Future. The strategic move follows the recent unveiling of Emirates Post Group’s new brand identity, 7X, underscoring its position as […]
UAE introduces ‘Trade-Sustain-AI’ initiative to contribute in climate action plan
The UAE has launched ‘Trade-Sustain-AI’ initiative, designed to combine the transformative power of technology with the sustainability and inclusivity of global trade during the TradeTech Forum. The ‘Trade-Sustain-AI’ initiative seeks to leverage the rapidly advancing power of artificial intelligence in supply chains to boost the contribution of global trade to the battle against climate change. […]
FIATA-RAME to chart a resilient course for logistics sector
The FIATA-RAME (Region Africa Middle East) Field Meeting & Conference in Dubai on March 5 and 6 will see over 1,000 industry leaders participate to chart a resilient course for the region’s logistics sector. The National Association for Freight and Logistics (NAFL) and International Federation of Freight Forwarders Associations (FIATA) have revealed the key topics […]
FedEx clubs ocean, road networks to launch LCL priority service
FedEx Logistics and FedEx Express are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and door-to-door solution with a strategic balance of speed and affordability. It adeptly connects the Asia Pacific with key Middle East markets through an integrated ocean and road network. Gulf Cooperation Council (GCC) trade with Asia […]
Masdar Arlington Energy breaks ground on two UK BESS sites
Masdar Arlington Energy, a subsidiary of Abu Dhabi Future Energy Company PJSC – Masdar, has broken ground at the sites of two new battery energy storage system (BESS) projects in the UK. The Royle Barn Road plant in Rochdale and Welkin Road plant in Stockport will have a combined capacity of 55MW and provide enough […]
FAB brings out new post-trade platform ‘MENASSA’
First Abu Dhabi Bank (FAB) has launched MENASSA (MENA Securities Services for Asset Managers), a new post-trade platform designed specifically for MENA-based asset managers that introduces new levels of sophistication for securities services in the region. MENASSA incorporates a suite of world-class modular services delivered from a single platform, including Global Custody, Fund Accounting, Transfer […]
Ericsson in partnership with e& completes Cloud RAN trial in UAE
UAE’s e& in partnership with Ericsson has conducted a 5G data call using Ericsson’s Cloud Radio Access Network (RAN) architecture in a lab environment in the United Arab Emirates (UAE). The setup relied on a 5G non-standalone (NSA) solution for a mid-band carrier of 100MHz, deployed on a Massive MIMO radio where the RAN Compute […]