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TRANSPORT-
#1- Flyby + Terra partner on last-mile delivery: The UAE’s Terra will provide UAE-based smart city technology company Flyby with e-bikes powered by the Middle East’s first swappable battery network in a bid to reduce emissions, according to a press release. Flyby will provide cloud-enabled smart delivery boxes. Drivers will be able to use Terra’s stations to quickly swap their e-bike batteries instead of charging them, according to a statement.
#2-Logistics company Aramex also launched a fleet of e-bikes for last-mile deliveries, Trade Arabia reports. Aramex aims to make 98% of its fleet EVs by 2030, after incorporating fully electric vans into its last-mile delivery fleet in UAE last October.
AUTOMOTIVE-
BinSulaiman Group (OBS) inked a licensing agreement with Michelin Group tools and accessories unit Michelin Lifestyle to distribute its products across the GCC, Egypt, and Algeria, according to a press release.
MANUFACTURING-
Sunreef Yachts sets up shop in RAK: Luxury sailing and power multihulls manufacturer Sunreef Yachts inaugurated its global manufacturing facility for solar-powered yachts in Ras Al Khaimah (RAK) Maritime Ports City, according to a company statement. Sunreef inked an agreement with the port back in March 2023 to expand its presence in the Middle East and grid to Asian and Australian markets, reports Al Khaleej. The 65 sqm facility saw an investment of AED 200 mn for its first phase.
TECH-
EGA gets the ball rolling on two new data centers: UAE-based aluminum producer Emirates Global Aluminum (EGA) has broken ground on the region’s first 100% renewable energy powered industrial data centers, developed in partnership with UAE technology provider Scientechnic, at its Jebel Ali and Al Taweelah sites, according to a statement released last week. No financial details on the project or a timeline for launch were disclosed.
ADVERTISING-
Abu Dhabi-based marketing agency Viola Communications signed a 10-year strategic partnership with Adnoc for outdoor media leasing spaces in Abu Dhabi and Al Dhanna city, reports state news agency Wam.The agreement involves Viola installing and operating outdoor media advertising solutions on Adnoc assets to enhance brand visibility.
EDUCATION-
Financial literacy for Dubai’s youth: The Knowledge Fund Establishment and savings and investment company National Bonds inked an agreement to launch the Middle East’s first youth-focused financial education initiative, “The Young Investor,” reports the Dubai Media Office. The program will integrate six modules of financial literacy into the curriculum of students in grades five and six, initially targeting three branches of Dubai Schools.
REAL ESTATE-
Hilton’s Waldorf Astoria to land in Dubai:Hilton Hotels and Dubai-based developer Nabni Real Estate Development are partnering to establish Hilton’s luxury Waldorf Astoria Residences across 1.5 acres in Dubai Downtown, reports Arabian Business. The project will be the first Waldorf Astoria development outside the United States, and is scheduled for handover by 2028.
The Dubai Land Department has partnered with Property Finder, Bayut, andDubizzle to support real estate professionals through training, optimized service efficiency, and alignment with industry best practices, a press release reads. As part of the agreement, newly licensed real estate professionals can list their properties for free on Property Finder, Bayut, and Dubizzle.
FINTECH-
e& Enterprise unveils rebranded tech powered anti-fraud service, Haifin: e&’s tech solutions arm e& Enterprise have rebranded its blockchain trading platform UAE Trade Connect to Haifin, as the company gears up to expand its presence in other countries, according to a press release.
DEFENSE-
Edge Group and Indra Sistemas team up on radar systems in the UAE: IHC-backed defense company Edge Group formed a JV with Spain’s Indra Sistemas to manufacture advanced radar systems in the UAE, aiming to generate orders for around 300 units, Wam reports. The JV secures exclusive rights to handle current and future orders from clients beyond NATO and the EU.
