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MANUFACTURING-
UAE, Germany to advance industrial cooperation: The Industry and Advanced Technology Ministry inked a declaration of intent with the German state of Baden-Württemberg to look into ramping up investments in sustainable industrial development and accelerating industrialization and decarbonization projects, Wam reports. The partnership will also see them cooperate on AI, smart manufacturing, smart health, and aerospace, as well as capacity building.
A focus on green hydrogen: One of the partnership’s goals is to establish a “common market for green hydrogen,” as the UAE has the capabilities to produce green hydrogen from its solar plants while several companies from Baden-Württemberg work in the production of climate-neutral hydrogen, according to Baden-Württemberg’s environment and energy minister Thekla Walker.
ENERGY-
Abu Dhabi National Oil Company (Adnoc) will source urea-based products from Fertiglobe subsidiaryRuwais Fertilizer Industries (Fertil), after the two inked a three-year supply agreement based on market prices on Friday, according to an ADX disclosure (pdf). The low-carbon products will allow Adnoc to offer its customers a new diesel exhaust fluid which can be used by heavy-duty vehicles to reduce emissions from diesel.
ICYMI: In December, Adnoc agreed with OCI Global to purchase its entire stake in Fertiglobe for USD 3.62 bn. The transaction, which will bring Adnoc’s share in Fertiglobe to a majority holding of 86.2% from a previous 36.2%, is set to close this year.
REAL ESTATE-
New AED 300 mn residential building in Sharjah: Sharjah-based construction conglomerate Tiger Group is launching a AED 300 mn Faradis Tower residential project in Al Mamzar, Sharjah, Albayan reports. The 47-storey residential tower is expected to be completed within three years, with unit delivery slated to begin in 2026.
Tiger Group has big plans for 2024: The group expects to launch six real estate projects during 2024 across the Emirates, with a focus on four major ventures in Dubai, a project in Ajman, and one each in Sharjah and Abu Dhabi, CEO Amer Walid Al Zoubi told Forbes in January.
LOGISTICS-
Alexandria International opens new distribution center: Sharjah-based flooring and office furniture trading company Alexandria International has inaugurated a 74k sqft logistics distribution center in the emirate, reports Sharjah 24. Alexandria International previously held 40k sqft of stores and offices in Sharjah, according to the company’s website.
ENTERTAINMENT-
New streaming platform in GCC: Tech platform Yango launched entertainment superapp Yango Play in the UAE, Saudi Arabia and other GCC countries, according to a press release. Yango Play offers Arabic and international content, personalized music, and interactive games, as well as a bilingual AI assistant named “Yasmina” who answers questions and provides a chat function.
CLIMATE-
Abu Dhabi + Unesco advocate for environmental education: Abu Dhabi rolled out the Abu Dhabi Roadmap, a recommendation plan drafted in cooperation with Unesco aimed at improving global environment and sustainable development education, Wam reports. The plan “identifies several key actions that tackle climate change, waste management, and biodiversity loss, and can be implemented by countries across the globe,” Abu Dhabi’s Environment Agency head Ahmed Baharoon said yesterday at the World Environmental Education Congress.
AVIATION-
Sharjah Airport has added two daily flights to Islamabad, Pakistan,reports state news agency Wam. The flights will take to the air via Fly Jinnah, a Pakistani carrier jointly operated by Pakistan’s Lakson Group and the UAE’s Air Arabia Group.
