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SPORTS-
Water sports in Sharjah now have a regulatory framework: The Sharjah ExecutiveCouncil introduced a new law to regulate marine activities and water sports in the emirate at its weekly meeting, Wam reports. The law hands the Sharjah International Marine Sports Club the authority to hand out permits and licenses to water sports facilities, as well as license plates for marine boats and jet skis, and sets out penalties for those in violation of the requirements.
LOGISTICS-
#1- 7X spins out delivery services subsidiary: State-owned 7X, formerly known as Emirates Post Group, launched a logistics subsidiary dubbed EMX that will focus on delivery and courier solutions, according to a press release. The company will work with other 7X subsidiaries to bridge the gap between its B2B and B2C operations. Tariq Al Wahedi (LinkedIn) will become general manager of the company.
#2- Etihad Cargo + WFS sign strategic partnership: Emirati freight airline Etihad Cargo has signed a three-year partnership contract with cargo handling organization Worldwide Flight Services (WFS), a SATS Group member, for cargo handling services at more than 12 major international airports, according to a press release. Under the partnership contract, WFS will handle over 150k tonnes of cargo annually for the airline. The value of the contract was not disclosed.
ENERGY-
#1- Petrozo Energy to set up AED 120 mn plant in Sharjah: Singaporean oil and gas manufacturer Petrozo Energy is planning to invest AED 120 mn to build a 430 sq-ft plant in Sharjah’s Hamriya Freezone, the Hamriyah Freezone Authority said. The new plant is expected to operate with an estimated annual production capacity of 72k tons, expanding Petrozo’s market share to 15%.
#2- Masdar subsidiary kicks off construction on battery storage systems in the UK: Masdar Arlington Energy — a subsidiary of renewables energy giant Masdar it acquired in 2022 — has broken ground on two battery energy storage systems in the UK as part of a GBP 1 bn investment program, according to a statement. The plants will have a joint capacity of 55 MW, and will be able to power 25.7k households across the country. The plants are being established across previously industrialized sites as the company looks to focus on land in need of redevelopment and regeneration, the statement notes.
More to come: The facilities are part of Arlington’s 3 GWh pipeline of storage projects in the UK. Parent company Masdar plans to deploy up to 5 GW in wind energy capacity and battery storage volume by 2030 through Arlington.
TELECOMS-
Cisco and du agreed to develop du’s Security Operations Centerinto a Cyber Defense and Intelligence Center in a bid to boost the telco’s digital and cybersecurity infrastructure, according to a press release.
TECH-
Eros Group will be the official distributor of Nothing devices: London-based electronics manufacturer Nothing has partnered with Dubai-based distributor Eros Group to bring Nothing’s electronic devices to consumers in the UAE and Bahrain, a press release reads.
REAL ESTATE-
Real estate development company Deyaar has launched its USD 750 mn Eleveresidential project in Downtown Jebel Ali, Dubai, a press release reads. The project is slated for completion in 2Q 2027 and will see a total of 33 storeys housing residential units, from studios to three-bedroom apartments.
Sam Force to build two centers in Kezad: AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi (Kezad) and Abu-Dhabi based real-estate developer and operator Sam Force Trading have inked two land lease agreements to build retail centers in Kezad, according to a statement. Sam Force will construct and operate two community retail centers in Kezad to cater to businesses and residents. The centers, situated in Kezad Al Mamourah and Musaffah, will comprise commercial and retail services and business centers, among other amenities, the statement notes.
TRANSPORT-
Dubai Taxi added 94 new license plates to its fleet, auctioned off by Dubai’s Roads and Transport Authority in a bid to up its market share to 46% this year, according to the company’s statement. The company has acquired 445 new taxis since the start of 2024, bringing its total portfolio count to nearly 6k vehicles, from 5.2k in 2023.
ICYMI: Dubai Taxi doubled its fleet at the Dubai International Airport at the start of the month, adding 350 new taxis.
FMCG-
Ferrero Gulf inaugurated a new regional HQ in Downtown Dubai, and tapped Mauro De Felip (LinkedIn) to oversee the unit as regional managing director, according to a press release. The branded chocolate producer houses additional offices in Kuwait and Jeddah.
TRADE-
Cambodia inaugurated its first official private commercial center in Abu Dhabi, geared towards promoting Cambodian products and ramping up the country’s exports to international markets, Cambodia’s Commerce Ministry said.
