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HEALTHCARE-
Burjeel establishes a US research center: Healthcare provider Burjeel Holdings inaugurated a medical research center, the Burjeel Institute for Global Health, in New York yesterday, according to a statement. The center seeks to foster international collaboration in healthcare research and drug development, with a special focus on cancer treatment.
ALSO FROM BURJEEL- The healthcare provider inked an MoU with Abu Dhabi University (ADU) to collaborate on clinical research projects, launch new innovative labs, and offer conferences, workshops, and academic training programs for students, Wam reports. The agreement also seeks to facilitate access to international and local grants for ADU students and faculty members.
DEBT-
Fitch affirms Emaar’s BBB rating: Fitch Ratings affirmed Emaar Properties’ long-term issuer default rating at BBB with a stable outlook, according to a statement. Emaar’s solid order book, growing revenue, and strong business profile underpinned the decision.
What they said: “The solid orderbook of Emaar Development division (ED), which provides good revenue visibility over the next four to five years, together with the strong performance of the Emaar malls and a growing international development division, are key rating strengths,” the credit rating agency said.
REAL ESTATE-
Invest Bank establishes a new real estate asset management company: Sharjah-based Invest Bank launched a property asset management division after securing approval from the Central Bank of the UAE, an ADX filing (pdf) reads. The new unit will focus on property leasing, management, valuation, and private asset services.
TECH-
Adobe teams up with ALC to better its understanding of Arabic language typography: Renowned software developer Adobe signed an MoU with the Abu Dhabi Arabic Language Centre (ALC) to facilitate the integration of the Arabic language in its future products, according to an ALC statement. The US company will work with the center to conduct research to improve its understanding of the language’s complex typography, primarily pertaining to Adobe’s design-related products.
LOGISTICS-
#1- Aramex to offer special logistics services for businesses in the Dubai Chamber of Commerce: Dubai-based logistics firm Aramex inked an MoU with Dubai Chambers to offer comprehensive logistics services for businesses registered with the Dubai Chamber of Commerce, according to a statement from the Dubai Media Office. No further details were provided on the type of services covered in the packages.
#2- Emirates Post is getting more branches: Emirates Post, the postal arm of 7X and the UAE’s official postal services provider, plans to expand its network of 87 outlets by opening new branches, Wam reports. Meanwhile, EMX, 7X’s courier and parcel arm, plans to expand its reach by adding new destinations. EMX operates a fleet of more than 600 couriers and ten delivery centers.
Remember: 7X was formerly known as Emirates Post Group before its rebranding earlier this year.
MARITIME-
West Nautical sets up shop in Dubai: UK-based yacht brokerage firm West Nautical opened an office in Dubai at the Business Bay commercial district, according to Boat International. The office location streamlines access to Dubai’s marinas, yacht clubs, and waterfront developments, the yachting news outlet wrote.
SUSTAINABILITY-
Tadweer launches four subsidiaries: Abu Dhabi-based waste management firm Tadweer Group has launched four new subsidiaries, Wam reports. The breakdown:
- Tadweer Environmental Services and Solutions will manage waste collection activities and oversee the launch of tenders;
- Tajmee’e will provide waste pre-collection services;
- UpCycle will implement advanced technological solutions in waste treatment and recycling facilities;
- Tahweel will provide waste-to-energy solutions.
TRANSPORT-
Dubai + Ohio state join forces to develop mass transport: Dubai’s Roads and Transport Authority signed an MoU with the US Southwest Ohio Regional Transit Authority to cooperate on developing their public transport and roads, as well as autonomous transport, through knowledge exchange, Wam reports.
