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REAL ESTATE-
Binghatti launches new AED 3 bn development: Dubai-based property developer Binghatti has launched a new AED 3 bn ultra-luxury waterfront project in Business Bay, according to Construction Business News. The project, dubbed One by Binghatti, will sit near Binghatti’s portfolio of branded residences, including Bugatti Residences by Binghatti, Mercedes Benz Places by Binghatti, and Burj Binghatti Jacob & Co Residences, with the reveal taking place next Monday, 27 May, at the Bvlgari Yacht Club in Jumeirah Beach.
Wasl unveils luxury tower in Dubai: Real estate developer Wasl has revealed its latest luxury development in Dubai, dubbed One B Tower, a 48-storey tower overlooking the Dubai Water Canal in Business Bay, Wam reports. Slated for completion by 2Q 2028, the tower is set to be part of the One Bn Meals Endowment campaign.
STARTUPS-
India’s BluSmart runs test drives in Dubai: Indian ride-hailing startup BluSmart quietly kicked off its new Dubai service earlier this week, deploying 100 Audi E-Tron SUVs and 130 drivers in the emirate, TechCrunch cites BluSmart co-founder Anmol Jaggi as saying. The company plans to formally launch operations in Dubai in June and expand in Abu Dhabi later this year, with plans to up its fleet size to 10k electric vehicles in 2024 from a current 7.3k.
LOGISTICS-
DHL Express has inaugurated its Airport Gateway and Service Centre at Abu Dhabi’s Zayed International Airport (AUH), according to a press release. The gateway and service center situated in the Future Cargo Area of AUH was built over a span of 15 years and at a USD 48.3 mn investment. The facility will serve as the primary warehouse for DHL’s Middle East Road Network, facilitating bonded cross-dock truck operations connecting the UAE with the GCC and the Levant.
EVs-
#1- Parkin + Dewa to increase EV green charger stations in Dubai: Dubai’s state paid public parking provider, Parkin, inked an MoU with the Dubai Electricity and Water Authority (Dewa) to expand the number of electric vehicle (EV) green charger stations in the emirate, according to a DFM disclosure (pdf). The initiative will target prime locations managed by Parkin, and seeks to ramp up EV use in Dubai.
#2- Al Ghurair Motors to be exclusive EV dealer for TAM-Europe: Dubai-based Al Ghurair Motors has partnered with Slovenian manufacturer TAM-Europe to exclusively provide TAM-Europe’s EVs to the UAE market, according to a press release. The agreement was signed at the Electric Vehicle Innovation Summit in Abu Dhabi.
TECH-
#1- Swiss GRC sets up shop in Dubai, rolls out flagship software in Mena: Governance, Risk, and Compliance (GRC) solutions provider GRC Swiss opened a new office in Dubai Internet City as part of its strategic expansion plans, according to a press release. The firm has also launched a localized Arabic version of its flagship software, the GRC Toolbox, to offer its services to the Mena market, Al Bayan reports.
#2- G42 data analytics subsidiary Presight inked an MoU with Dell to expedite digital transformation in the Middle East, the company said in a press release (pdf). The partnership will focus on developing private cloud solutions as well as prioritizing the development and deployment of sustainable data center solutions, which will integrate green tech with an eye to mitigate the environmental impact.
CRYPTO-
AGDM gives Klickl the greenlight: Abu Dhabi Global Market’s Financial Services Regulatory Authority granted custody and payments platform Klickl a financial services permit enabling the firm to broaden its services to include custody and brokerage for virtual assets, Wam reports.
MANUFACTURING-
Zambian cable maker Neelkanth Cables inaugurated its new AED 130 manufacturing facility in Dubai Industrial City, Wam reports. The factory will manufacture low- and medium-voltage conductors and instrumentation cables, boasting an annual production capacity of 20k tonnes of copper and aluminum power cables. Aside from catering to local manufacturers, the facility will target exporting to various industries, including infrastructure, oil and gas, construction, cement, steel firms as well as power distribution companies across the GCC, South Asia, and Africa.
HEALTHCARE-
Abu Dhabi’s agriculture and food safety authority has grown live cells from camel fetus muscles in a lab, marking a scientific breakthrough, the authority said on X. These cells will aid in diagnosing diseases in camels, developing proteins and vaccines, and enhancing our understanding of viral infections.
INS.-
Dubai Ins. credit rating upgraded: Credit rating agency AM Best has upgraded Dubai Ins. financial strength rating to Aand its long-term issuer credit rating to “a,” both maintaining a stable outlook, a DFM disclosure (pdf) reads.
AVIATION-
Emirates airlines and Latin American carrier Avianca inked a codeshare partnership, offering direct flights from Madrid, Barcelona, or London Heathrow to Bogotá, Medellin, and Cali in Colombia, the Dubai Media Office writes.
