Abu Dhabi’s Multiply Group fully acquires BackLite Media
Multiply Group, the Abu Dhabi-based holding company, has acquired 100 percent of BackLite Media, a premier Digital Out-of-Home (DOOH) advertising company with assets in landmark locations in the UAE. The acquisition is a strategic move to expand Multiply’s footprint in the burgeoning Out-of-home (OOH) advertising space. The acquisition is poised to transform the DOOH industry, […]
National Bank of Fujairah launches margin trading platform ‘NBF Markets’
National Bank of Fujairah PJSC (NBF) has launched NBF Markets, a margin trading platform providing 24/5 access to FX, precious metals, derivatives and CFDs for NBF corporate clients. With access to a diverse range of instruments to meet varied trading needs, NBF Markets benefits from real-time pricing, advanced order management, and risk monitoring for an […]
Viola Outdoor unveils digital rooftop media platform in Abu Dhabi
Viola Outdoor, the UAE’s largest out-of-home cross-platform network and a division of Abu Dhabi-based media communication leaders Viola Communications, has launched the capital’s latest digital OOH innovation, D.Toplight, in a prime location at the capital’s central downtown hub. D.Toplight is a 3D-enabled, high-level installation, digital platform, and Phase 1 of the proposed future network of […]
Emirates Skywards signs exclusive multi-year partnership with Visa
Emirates Skywards, the award-winning loyalty program of Emirates and flydubai, has entered into an exclusive, multi-year strategic partnership with Visa, a world leader in digital payments. The new partnership with Visa will strengthen collaboration between Emirates Skywards and co-brand issuer partners across the GCC, enable the loyalty program to work more closely with its partners […]
DP World, Masdar partner to use renewable power in ports
DP World has signed a partnership with Abu Dhabi Future Energy Company (Masdar) to explore and implement renewable energy systems across DP World’s global port operations in the Middle East and Africa. The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain. […]
EDB’s 2023 input to UAE’s industrial GDP soars 80pc to $1.17bn
Emirates Development Bank (EDB), the key financial engine of the UAE, has made a robust 80% surge in its contribution to the UAE’s industrial GDP, which has grown from AED2.4 billion in 2022 to AED4.3 billion ($1.17 billion) in 2023. The banks has also aided in the creation of 17,219 jobs, illustrating its commitment to fostering […]
Mubadala inks $1bn private credit deal with Goldman Sachs
Mubadala Investment Company and Goldman Sachs have signed a $1 billion deal to invest in private credit deals in the Asia Pacific region. According to the statement, “They signed a $1 billion separately managed account (Partnership) in which Mubadala and Goldman Sachs Alternatives will co-invest in private credit opportunities throughout the Asia Pacific region.” The […]
UAE allocates $5mn to support women exporters in digital economy
UAE Minister of State for Foreign Trade and Chair of the 13th WTO Ministerial Conference 2024, Dr. Thani bin Ahmed Al Zeyoudi announced that the Emirates has allocated $5 million to a $50 million fund launched ahead of the conference to help female entrepreneurs in developing countries to export more using the opportunities offered by […]
Top Abu Dhabi investor inks $35bn Egypt FDI deal
Abu Dhabi-based sovereign investor ADQ has announced the signing of its largest-ever foreign direct investment (FDI) agreement with Egypt which will see the company set aside $35 billion to develop Ras El Hekma region and other prime projects in the Arab nation. The landmark agreement between Egypt and the UAE government, represented by a private […]
Bahrain pavilion turns star attraction at Gulfood 2024
The Bahrain pavilion at the ongoing Gulfood 2024 expo has turned into a start attraction with over 15,000 visitors landing at its stand to explore the diverse array of products being presented by leading Bahraini food companies. The Gulfood 2024 is being held at the Dubai World Trade Centre under the theme ‘Real Food Led […]