iAccel GBI, National Incubator Network collaborate to boost UAE startup ecosystem
iAccel Gulf Business Incubator (iAccel GBI) has signed a Memorandum of Understanding (MoU) with the National Incubator Network (NIN), established by Sandooq Al Watan, in a significant move to boost the UAE’s startup ecosystem. The MoU was signed at the NIN Employment Open Day in Abu Dhabi, underscoring the shared commitment to empowering young Emirati […]
Elena Sorlini to helm Abu Dhabi Airports, named new MD and CEO
Abu Dhabi Airports, the operator of Abu Dhabi’s five commercial airports, has named Elena Sorlini as its managing director and CEO. Sorlini has been serving as MD and CEO in an interim capacity since June last year. Since joining Abu Dhabi Airports, Sorlini has overseen the successful opening of Abu Dhabi International Airport’s new Terminal […]
Sheikh Mohamed meets Jordan’s leader during fraternal visit
Sheikh Mohamed bin Zayed Al Nahyan, the UAE’s President, arrived in Amman on February 5 on a fraternal visit to Jordan. Upon arrival at Marka International Airport, Sheikh Mohamed was warmly received by King Abdullah II bin Al Hussein, King of Jordan, state news agency, WAM. Meet in Jordan focuses on regional issues The leaders […]
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 […]
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 […]
Nakheel awards contract for Rixos Bay residential villas
Dubai-based master developer Nakheel has awarded the main contract for the construction of residential villas within its contemporary waterfront project, Rixos Dubai Islands, Hotel & Residences, the exclusive contemporary waterfront residential retreat offering sophisticated beachfront homes and upscale amenities. Rixos Dubai Islands, Hotel & Residences, will be home to over 80 resorts and hotels, including […]
Abu Dhabi Chamber launches Advocacy Hub
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has announced the launch of the Advocacy Hub initiative, which involves all segments of the private sector, enhancing their engagement in the business system. The Advocacy Hub aims to support and empower the private sector. It represents an ideal opportunity to facilitate communication between businesses and […]