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SHIPPING + MARITIME-
AD Ports to ship marine lubricants globally: AD Ports Group is expanding its ports cluster business to include global marine lubricant distribution, with a new partnership with Abu Dhabi National Oil Company (Adnoc) Distribution, it said in a statement. The partnership will see AD Ports initially distribute Adnoc Distribution’s high-demand lubricants to shipping and maritime industries in the UAE, followed by a global footprint of over 70 international destinations.
INVESTMENT-
UAE, Taqa eye investment with Uzbekistan: The UAE is looking to boost ties with Uzbekistan across the energy, renewable energy, infrastructure, and transport sectors, Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei said during a high-level visit to Uzbekistan, Wam reports. Al Mazrouei met with senior Uzbek officials, including the foreign minister, investment minister and deputy prime minister. The Abu Dhabi National Energy Company (Taqa) is considering investing in renewable energy projects in Uzbekistan, Al Mazrouei also said.
FINTECH-
xCube rolls out first fully automated security lending and borrowing service: Dubai-based brokerage platform xCube has introduced the first fully automated securities lending and borrowing (SLB) service for retail investors in the UAE, Wam reports. The platform enables retail investors on the Dubai Financial Market (DFM) to access their stocks, hedge their portfolios and lend their securities to other investors in exchange for a fee, among other services.
