President bin Zayed in Baku + Adnoc is acquiring 10.1% of Storegga

Good morning, wonderful people, and welcome what is shaping to be a rather mellow Tuesday.

THE BIG STORY here at home is Adnoc acquiring a 10.1% stake in UK carbon capture company Storegga, as part of the company’s fourth funding round. Adnoc’s equity investment marks the first time Storegga has received funding from the MENA region.

ALSO- Did you feel the earthquake last night? A small earthquake with a magnitude of 2.8 was recorded in Ras Al Khaimah’s Masafi just after 11pm last night, Gulf News reported.

HAPPENING TODAY-

President Mohamed bin Zayed is in Azerbaijan today, heading a government delegation as part of a state visit, Wam reports. The president touched down in Baku yesterday following an invitation from Azeri President Ilham Aliyev. No information was provided on the duration or details of the visit.

PUBLIC SERVICE ANNOUNCEMENTS

#1- You can now pay your traffic fines in installments if you bank with ADCB, FAB or Emirates Islamic, through Abu Dhabi’s Integrated Transport Center’s (ITC) newly rolled-out facilitated payment service, ITC said. The new service allows the banks’ customers to pay their fines through several installments, with a minimum value of AED 3K per installment.

#2- Traffic on Umm Suqeim could get better soon: Dubai’s Road and Transport Authority (RTA) is allocating AED 332 mn to develop the 4.6 km strip of Umm Suqeim Street from Al Khail Road to Sheikh Mohammed bin Zayed Road, according to a statement. The project will see the construction of an 800 meter tunnel with four lanes in each direction of Al Barsha South Street, with a signalized surface intersection connecting both east-west and north-south streets.

Travel times are expected to be slashed to nearly four minutes, down from almost 10, benefiting some 16k travelers per hour on Al Barsha South 1, 2, and 3, and Dubai Hills.

** You’re reading Zero Issue #25 of EnterpriseAM UAE.

** Think of a zero issue as a “beta.” This issue has not been published or distributed to a wide audience.

** Did you receive this as a forward? Email editorial@enterprisemea.com and let us know if you’d like to be added to our list of beta readers ahead of our launch.

** Have a comment, criticism, or story tip? Hit up patrick@enterprisemea.com.

THE BIG STORY ABROAD-

Senior Hezbollah commander killed in Israeli strike: An Israeli airstrike in the Southern Lebanese village of Majdal Selm on Monday killed the deputy head of Hezbollah’s elite Radwan force Wissam Al-Tawil. This comes less than a week after another Israeli airstrike in the southern suburbs of Lebanon’s capital killed Hamas deputy leader Saleh Al-Arouri among six people. (Reuters | The Associated Press)

CIRCLE YOUR CALENDAR-

The 1 Bn Followers Summit is coming to Dubai tomorrow and Thursday. The event will feature more than 20 workshops on social media management skills, from creativity, to monetisation strategies, to platform growth, Wam reports.

The Mohammed Bin Rashid Al Maktoum Creative Sports Award ceremony will be held in Dubai tomorrow.The ceremony will celebrate 30 creative athletes, teams, personalities and institutions from across the UAE, the Arab region and the world.

Falcon championship to kick off on Friday: The Abu Dhabi Falconers Club will host the president’s 16-day Cup Falcon Competition, which will kick off this Friday and run until 27 January at Abu Dhabi’s Al Falah Field, Wam reports.

The Dubai International Project Management Forum (DIPMF) will be coming to the Madinat Arena in Madinat Jumeirah between 15-18 January (Monday-Thursday). DIPMF 2024 will focus on three topics: Sustainability, modern methods of project management, and future trends and technology, GDN reported.

iFX EXPO Dubai 2024 kicks off next week: The three-day fintech and online trading expo iFX EXPO Dubai 2024 starts on 16 January at the Dubai World Trade Centre. Check out the full agenda here.

Sharjah Entrepreneurship Center calls for 2024 SEFFY nominees: The Sharjah Entrepreneurship Festival (SEF), organized by the Sharjah Entrepreneurship Center (Sheraa), has launched the 2024 SEFFY Awards to recognize impactful startup founders and mentors for their achievements in the startup scene throughout 2023, Wam reports. You can submit your nomination here by 18 January. The results will be out on 3 and 4 February.

Calling all classic car enthusiasts: Sharjah is set to host its inaugural Classic Car Festival from 2-4 February.The festival will showcase vintage vehicles and offer educational and entertainment activities, Zawya reports. Organized by the Sharjah Old Car Club, the event is set to be the largest vintage car gathering in the UAE and the region.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.