UAE & Germany organize hydrogen energy industry workshop

Under the Emirati-German Energy and Climate Partnership, the UAE Ministry of Energy and Infrastructure (MoEI) and the Federal Ministry for Economic Affairs and Climate Action (BMWK) of Germany have organized an industry workshop on hydrogen strategies and carbon markets. The workshop was developed and executed hand-in-hand with the AHK Sustainability Series and Guidehouse. It brought […]

ECI & ADEX to support Angola’s digital transformation

Etihad Credit Insurance (ECI), the federal export credit agency of the UAE, has signed an insurance policy with Abu Dhabi Export Office (ADEX), which aims to support an initiative to implement a digital transformation project in Angola.  The collaboration, which is in line with the shared objectives of both parties, aims to secure funding projects […]

Masdar, DEWA ink deal to deliver 6th phase of world’s largest single-site solar park project

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, bore witness to the signing of an agreement between the Dubai Electricity and Water Authority (DEWA) and Masdar to build and operate the 1,800 megawatt (MW) phase 6 of the Mohammed bin Rashid Al Maktoum Solar Park […]

Dubai Centre for AI: Accelerator Programmes attract hundreds of global startups

Since its launch earlier this year by the Dubai Future Foundation, 615 startups from 55 countries have applied in the Accelerator Programmes of Dubai Centre for Artificial Intelligence’s (DCAI) Thirty startups have secured their spot in the programmes and will develop their disruptive AI solutions during the eight-week programme, launched to provide advanced technology startups […]

UAE’s ADNOC Group to invest in Habshan carbon capture

UAE’s ADNOC Group has reached a final investment decision to develop the Habshan carbon capture utilisation and storage (CCUS) project. The CCUS project will have the capacity to capture and permanently store 1.5 million tonnes per annum (mtpa) of carbon dioxide within geological formations deep underground. The Habshan project will triple the company’s carbon capture […]

UAE introduces new end-of-service gratuity system for private sector employees

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the UAE is bringing in a new end-of-service gratuity system for employees working in the private sector, as per state news agency WAM. Sheikh Mohammed bin Rashid Al Maktoum, while leading a UAE Cabinet meet, said: “We approved an optional […]

BHM Capital enters into partnership with Tawasal SuperApp

BHM Capital Financial Services has entered into a strategic partnership with Tawasal SuperApp, a premier communication and lifestyle application, to grant users access to local and international financial markets. The company said that this association will provide Tawasal SuperApp users with unparalleled access to both local and international financial markets via the BHM Capital Financial […]

Azizi & Hydro Way unite for supply of Italian DAB Pumps

UAE-based Azizi Developments has partnered with Hydro Way for the supply of Italian DAB pumps for Azizi’s Amber and Beach Oasis projects in Al Furjan and Dubai Studio City. Hydro Way is a globally recognized leader in the water technology sector. The Italian-based DAB Pumps has been pioneering in the water pump industry for over […]

e& capital invests in US-based AI startup Ikigai Labs

e& capital announced that it has participated in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data. Through this funding round, Ikigai Labs has secured $25 million in this round, with contributions from e& capital, Premji Invest, and Foundation Capital. The funding will advance […]

PureHealth acquires UK’s Circle Health Group for $1.2bn

PureHealth, the largest healthcare platform in the Middle East, has signed an agreement to acquire the UK’s largest independent operators of hospitals, Circle Health Group in a deal valued at $1.2 billion. This acquisition underlines the UAE company’s commitment to delivering world-class medical care to patients globally, as well as developing new clinical care pathways […]