Dubai RTA licenses UAE’s 1st Web3 Taxi platform ‘DRIFE’
The Dubai Road & Transport Authority (RTA) has licensed the first Web3 Blockchain-enabled Taxi platform in the UAE, DRIFE. The DRIFE platform is a decentralized ride-hailing platform that uses blockchain technology to create a transparent, secure, and cost-effective peer-to-peer network for both drivers and riders. According to the statement, “DRIFE in in cooperation with its […]
Alpha Dhabi’s ADMO & Addmind launch joint lifestyle venture ‘Alpha-Mind’
ADMO Lifestyle Holding (ADMO), owned by Alpha Dhabi Holding and Monterock International Limited, and Addmind, a leading lifestyle and entertainment group in Europe, the Middle East, and Africa (EMEA), have launched a new global lifestyle vertical Alpha-Mind. Alpha-Mind is a UAE-based joint venture company that owns and manages a global portfolio of experiential lifestyle, food […]
Ghitha announces strategic expansion with acquisition of MNG Airlines
Ghitha Holding, a subsidiary of Abu Dhabi-based conglomerate International Holding Company (IHC), has announced a significant milestone in its growth strategy by expanding within the logistics and aviation sectors. Through its wholly-owned indirect subsidiary, Ghitha Aeroinvest Holding, the company entered into a Share Purchase Agreement (SPA) to acquire a 44 percent stake in MNG Havayollari […]
Magnati & AEP unite to offer instant digital payments in UAE
Magnati, a leading payments solutions provider in the Middle East region, has entered into a partnership with Al Etihad Payments (AEP), a subsidiary of the CBUAE, to provide merchants with instant digital payments in the UAE. This collaboration builds on Magnati’s longstanding commitment to shaping the future of payments. It leverages AEP’s cutting-edge platform, Aani, to deliver […]
Sharjah Asset Management unveils new customer service center
Sharjah Asset Management Company, the investment arm of the Sharjah government, has launched a customer service center in order to meet the needs of customers. The center intends to unify contact points within the company and all its projects and markets, providing open and direct communication channels with the local community. Further, it seeks to […]
South Korea’s Heesung PMTech opens metal refinery at SAIF Zone
Heesung PMTech Middle East, a Korean company specializing in platinum group metals (PGM) recycling, has established a state-of-the-art refinery, covering 6,500 square feet within the Sharjah Airport International Freezone (SAIF Zone). The company’s refinery marks an initial investment of approximately $1.1 million for the project’s first phase, which is set to last six months. Saud […]
Mubadala invests in Indian firm Manipal Health Enterprises
Mubadala Investment Company, an Abu Dhabi-based global sovereign investor, has announced that it is investing in Manipal Health Enterprises (Manipal). Temasek, a Singapore-headquartered global investment company, will continue to hold a majority stake in Manipal. Manipal was founded by Dr. Ranjan Pai in 1991 and rapidly grew from its roots in Bangalore to build a […]
Dubai DET pens deal with Microsoft to foster innovation
The Dubai Department of Economy and Tourism (DET) has signed an agreement of intent with Microsoft, the US multinational technology giant, to accelerate the emirate’s innovation roadmap. DET said in a statement that this collaboration signifies a dedicated effort to enhance the emirate’s digital economy growth, innovation, and development in line with the goals of […]
Dubai gears up for largest Gulfood; to draw 5,500 firms
Gulfood, one of the largest annual food and beverage sourcing events in the world, is set to kick off this month in Dubai featuring a record 5,500+ exhibitors and visitors from over 190 countries across the globe and with a footprint spanning 24 halls, according to event organiser Dubai World Trade Centre (DWTC). To be […]
ECS to draw 60 Italian firms to Watch & Jewellery Show
Expo Centre Sharjah (ECS) and the Italian Artex group discussed boosting Italian participation to over 60 companies at the ongoing 53rd Watch & Jewellery Middle East Show. The two sides also touched on enhancing the Sharjah business community’s engagement in Italian exhibitions. During the Watch & Jewellery Middle East Show, hosted by ECS from January […]