UAE’s Noqodi selects London-based Napier for AML solutions
Noqodi, the leading Digital Wallet and Payment Solution based in the United Arab Emirates (UAE), has selected Napier, the London-based financial crime compliance RegTech, as the anti-money laundering (AML) platform. Napier will be providing its Transaction Monitoring, Client Screening, Client Risk Assessment and Client Activity Review solutions to noqodi, in order to further strengthen its […]
UAE’s GCAA signs deal with Japan Civil Aviation Bureau
UAE’s General Civil Aviation Authority (GCAA) has signed an agreement with the Japan Civil Aviation Bureau in order to strengthen bilateral relations in the field of air transport during a two-day round of discussions in Tokyo, Japan. This agreement is part of the UAE’s ongoing efforts to enhance the global aviation network and expand relations […]
Abu Dhabi’s Masdar, Iberdrola to co-invest EUR15bn in clean energy projects
Abu Dhabi renewable energy firm Masdar and Iberdrola have set up a $16.2bn (EUR15bn) alliance to invest in offshore wind and green hydrogen projects in key markets including Germany, the UK and the USA. The first step of the partnership, which was unveiled at the UN Climate Change Conference (COP28), will be for Masdar to […]
FAB & ENGIE sign MoU to advance decarbonization solutions
First Abu Dhabi Bank (FAB) has signed a Memorandum of Understanding (MoU) agreement with French energy multinational ENGIE to advance their respective capabilities in financial decarbonization solutions. The agreement, signed during the COP28 climate conference in the UAE, establishes a framework for collaboration between FAB and ENGIE in several areas related to energy transition and […]
M42 & Siemens to advance energy efficiency in UAE health industry
M42, a global tech-enabled health company headquartered in Abu Dhabi, has joined forces with Siemens to boost energy efficiency across the UAE healthcare sector through a partnership that will audit its health facilities for energy efficiency and explore digitalization of the infrastructure. The project’s initial phase involves a comprehensive energy efficiency audit of the healthcare […]
UAE’s ADNEC Group acquires French tourism group Karavel
ADNEC Group has acquired Karavel, the French tourism group, from Equistone Partners Europe, one of Europe’s leading mid-market private equity investors. Karavel is one of the largest tourism groups in France, offering travel packages to Europe, the Middle East, and Africa (EMEA) through its vast online and offline distribution network. This acquisition reflects the active […]
ADNOC strikes strategic collaboration agreement with SOCAR
ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon energy technologies. The SCA, signed at COP28, follows both ADNOC and SOCAR becoming founding signatories of the Oil and Gas Decarbonization Charter, which sets shared […]
ADGM launches ‘Numou’ digital platform for SMEs
Abu Dhabi Global Market (ADGM), the leading international financial center in Abu Dhabi, has introduced Numou, a cutting-edge digital platform tailored to bridge the funding gap faced by SMEs. This innovative digital platform marks a pivotal step in empowering small and medium-sized businesses in the UAE. Numou aims to connect SMEs and lenders through its […]
HYCAP Group anchors its presence in GCC with new ADGM office
HYCAP Group, the UK-based net zero asset management company with clean hydrogen at its core, has opened an office in Abu Dhabi Global Market (ADGM) to support its strategic expansion to the region. At a private event during Abu Dhabi Finance Week, HYCAP Group also revealed plans for a UAE-based GCC Fund that will invest […]
Advanced Technology Research Council launches new AI company ‘AI71’
Abu Dhabi’s Advanced Technology Research Council (ATRC) has launched its new AI company, AI71. The entity builds on the Technology Innovation Institute’s (TII) Falcon generative AI models and will focus on multi-domain specializations while offering unprecedented AI data control options for companies and countries looking to self-host for greater privacy. The new AI powerhouse was […]