Author: Mahdeehassan
Baku, COP29 -November 2024: Abu Dhabi Future Energy Company PJSC (Masdar) and Korporata Elektroenergjitike Shqiptare (KESH) – Albania Power Corporation – have signed a joint venture term sheet agreement to explore the development of gigawatt-scale renewable projects in Albania. The signing ceremony took place in Baku, Azerbaijan on the sidelines of COP29, witnessed by the Prime Minister of Albania, HE Edi Rama, His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President and Chairman of Masdar, and Her Excellency Belinda Balluku, Deputy Prime Minister and Minister of Infrastructure and Energy for Albania. The agreement was…
Dubai, UAE, November 2024: YOUGotaGift, the UAE’s leading digital gift card marketplace, has announced the sale of a 91% stake to Japan-based eGifting platform giftee Inc. This acquisition strengthens YOUGotaGift’s position in the GCC while paving the way for global expansion. Founded in 2013, YOUGotaGift pioneered digital gift cards in the UAE and expanded to Saudi Arabia and the wider Middle East. The company serves over 2,500 corporate clients, offering digital gift card solutions for employee rewards, loyalty programs, and gifting. Husain Makiya, CEO and Co-founder, stated, “We are excited to partner with giftee to further expand beyond the GCC and enhance our…
Abu Dhabi, UAE: A1RWATER™, a global leader in atmospheric water generation (AWG), partnered with Abu Dhabi’s historic destination, Umm Al Emarat Park, to install five state-of-the-art water generators that replace single-use plastic water bottles and provide free, eco-friendly hydration to park visitors. This initiative aligns with the UAE’s sustainability goals, including the capital’s efforts to reduce plastic waste and achieve Mission to Zero and the country’s ambition to mitigate carbon emissions by the half-century mark. The five custom-designed machines, consisting of two A1R30 and three A1R100 machines, respectively produce 30 and 100 liters of mineralised water daily from the air and have been installed…
Emirates Development Bank (‘EDB’ or the ‘Bank’), the UAE’s key financial engine for economic development and industrial advancement, reinforces its commitment to sustainable development and the nation’s energy transition at ADIPEC 2024. Echoing the topics of this year’s edition, held under the theme of ‘Connecting Minds, Transforming Energy’, EDB is highlighting its role in supporting the transformative potential of emerging markets, artificial intelligence (AI), and the ongoing energy system transformation, recognizing the crucial need for cross-sectoral collaboration to achieve sustainable growth. EDB provides financing within five strategic priority sectors: manufacturing, food security, advanced technologies, healthcare, and renewables, in line with…
November, 2024.- The esports competition between universities across the MENA region is about to start in the UAE. College students from all over the country may be part of UNIVERSITY Esports, which brings a lot of novelties for its upcoming 2024/25 season: new tournaments and educational experiences are awaiting for pupils! Registrations for the first split are already open. Youth interested in participating and demonstrating their competitive skills can now sign up for the two games of this season, VALORANT and League of Legends, starting the early week of November until mid-November. Furthermore, the 2024/25 season of UNIVERSITY Esports is coming with…
Citi commemorated its 60th anniversary in the UAE in an exclusive event in the presence of CEO Jane Fraser, attended by Citi’s global and local executives as well as many government, business, and industry leaders in the UAE. Commenting on this major milestone, Ebru Pakcan, Middle East & Africa Cluster and Banking Head said: “Our long-standing relationship with the UAE is a testament to our strong and ongoing commitment to this thriving market. Citi’s journey here has been impressive, marked by solid foundations and decades of steady achievements. We are poised for even greater growth, and I am excited about the…
New all-time high in October highlights massive monthly sales growth of 798% over five years Dubai, UAE: Dubai’s buoyant real estate market is on course to surpass annual sales of more than AED500 billion for the first time following another record-breaking month. Total sales in 2024 up to the end of October amount to AED435.6 billion from 150,651 transactions, eclipsing the previous high of AED409.8 billion from 132,628 property sales set last year. Based on average monthly sales for the year to date of AED43.56 billion, the final value of sales in 2024 could soar past the AED500 billion milestone…
Zand Bank, the first fully licensed all-digital bank in the United Arab Emirates, has announced its collaboration with Alibaba Cloud, digital technology and intelligence backbone of Alibaba Group and Ant Digital Technologies in the Middle East region through a signed MoU. Zand Bank empowers UAE and global corporate, institutional, and wealth clients to unlock new opportunities, foster sustainable growth, and drive positive impact in the digital economy. The collaboration will focus on Generative AI use cases and Fintech solutions including Real World Assets, E-Wallet, mPaas and other services.about:blank Michael Chan, CEO at Zand commented: ”We are thrilled to collaborate with Alibaba…
EDGE Group entity Abu Dhabi Ship Building (ADSB), a regional leader in the design, construction, repair, maintenance, refit, and conversion of naval and commercial vessels, has signed a strategic partnership agreement with LACROIX, a leading French company in naval decoy systems and countermeasures. This collaboration focuses on integrating LACROIX’s advanced decoy system into ADSB’s recently launched FA-400 Fast Attack vessel The partnership agreement was signed by David Massey CEO of ADSB and François Moulinier, COO of LACROIX at EURONAVAL 2024 Exhibition, being held in Paris until 8 November. David Massey, CEO of ADSB, said, “This partnership with LACROIX equips the RABDAN…
November 2024, Abu Dhabi, UAE: Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE and the second largest airline in Abu Dhabi, is celebrating the inauguration of its exciting route between Abu Dhabi and Chisinau. The thrice-weekly service, operating on Wednesday, Friday, and Sunday provides affordable, hassle-free, point-to-point travel for tourists and residents in the UAE, Moldova and across the region. Tickets are on sale on wizzair.com and WIZZ app, available in the Arabic language, with fares starting from as low as 309 AED*. Wizz Air is pleased to expand its Winter schedule, adding 40 percent more flights on its most popular Winter destinations.…