Sign in
BUSINESS-
Diwan Consulting sets up shop in Dubai: Diwan Consulting established a presence in the UAE with the launch of multiple offices in Dubai, according to a press release. The consulting firm offers services like market analysis, marketing, corporate strategy, and social networking, in addition to business coaching programs, according to its website. The firm has offices in Saudi Arabia, Algeria, France, and Luxembourg.
FINANCE-
India-based asset manager 360 One mulls establishing offices in Dubai: Indian asset management firm 360 One plans to open offices in Dubai, among other cities, to attract Indian expats looking to invest in their home country, co-founder and CEO of the Bain Capital -backed company, Karan Bhagat told Bloomberg.
EMPLOYMENT-
Adnoc + Mubadala to launch training programs for their staff: Abu Dhabi sovereign wealth fund Mubadala and state oil producer Adnoc signed an agreement to launch joint initiatives and training programs to develop the talents and skills of Emirati employees at both organizations, according to a Abu Dhabi Media Office statement. The agreement will see the two parties swap knowledge and expertise to develop leadership skills, facilitate employee mobility, and support sustainable practices.
ARCHAEOLOGY-
Dubai Culture and Khalifa University to support archeological excavations, research: Khalifa University of Science and Technology will deploy remote sensing satellite technology and geophysical survey solutions it developed at the Saruq Al Hadid and Al Ashoosh excavation sites under an MoU it signed with Dubai Culture and Arts Authority, according to a statement from the Dubai Dubai Media Office. The agreement seeks to support archeological research on the findings of both sites, in addition to excavation efforts.
ENERGY-
The UAE will help Egypt add 4 GW of renewable energy to the national power grid next summer to address a surge in domestic electricity consumption amid extreme heat waves and natural gas shortages, a statement from the Egyptian Cabinet showed. The announcement was made during a Cairo meeting of Egyptian officials with Emirati Industry Minister Sultan bin Ahmed Al Jaber and CEO of renewable energy player Masdar Mohamed Jameel Al Ramahi.
TECH-
Abu Dhabi to get a council for smart, autonomous infrastructure: Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan issued a decree to establish the Smart and Autonomous Systems Council, Wam reports. The council — which will be chaired by Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan — will be responsible for overseeing the development and safe use of smart and autonomous transport systems in the emirate, as well as attracting investments to the sector.
REMEMBER- Abu Dhabi launched a smart and autonomous vehicle industries (SAVI) cluster at Masdar City last year to support the development of smart and autonomous technologies in the UAE.
BANKING-
UAB to integrate new digital service for Islamic banking products: United Arab Bank joined Shariah-compliant savings and investment firm National Bonds’ sukuk trading platform Al Manassah, according to a press release. The platform — launched in 2013 — is a customizable digital investment platform designed for regional financial institutions, offering secure, user-friendly Shariah-compliant financing, personalized finance solutions, and efficient liquidity management, according to its website. The platform has facilitated trades worth AED 189 bn, with AED 27 bn in trades made in 2023 alone.
AVIATION-
dnata to provide inflight catering for British Airways flights at US airport: Air travel services provider dnata has secured a multi-year contract with British Airways to provide inflight catering for the UK carrier’s flights at the Newark Liberty International Airport in the US to London Heathrow Airport, according to a press release. The agreement will see dnata produce 150k meals annually for the airline’s twice-daily flights, expanding the partnership with British Airways to cover five US cities: Boston, Dallas, Houston, Nashville, and Newark.
RAIL-
Etihad Rail + Leibherr partner up on HVAC units: China’s Liebherr Transportation Systems has supplied heating, ventilation, and air-conditioning (HVAC) units for three high-speed trains operated by UAE’s Etihad Rail, according to a press release (pdf). The three HVAC units were installed by Chinese rolling stock manufacturer CRRC Qingdao Sifang.
