BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion. With this...
Abu Dhabi Future Energy Company (Masdar) has successfully acquired Valle Solar, one of the largest photovoltaic solar projects in Spain’s Valencia region. This acquisition, made through its subsidiary Saeta, marks a significant investment in renewable energy as the project is set to generate 234 megawatts (MW) of solar energy, with potential hybridization through a battery...
Emirates Airlines has announced the resumption of its second daily flight service between Dubai and Beirut, effective April 1, 2025. This service will operate using a Boeing 777-300ER, providing over 5,000 seats in both directions each week. The move aims to meet the increasing travel demand and enhance convenience and connectivity for passengers traveling from...
The Association for the Accreditation of Human Research Protection Programs (AAHRPP) has recently accredited two international organizations: Academia Sinica in Taiwan and Cleveland Clinic Abu Dhabi in the United Arab Emirates. Notably, Cleveland Clinic Abu Dhabi is the first research organization in the UAE to receive the prestigious AAHRPP “gold seal.” With this new accreditation,...
COBCO, a battery materials joint venture formed by AL MADA and CNGR Advanced Materials, has entered into a strategic long-term supply agreement with Umicore, a global leader in circular materials technology. This agreement focuses on the delivery of precursor cathode active materials (pCAM) for electric vehicle (EV) batteries. As part of the agreement, COBCO will...
The Agthia Group, listed in Abu Dhabi, has successfully acquired a 100 percent stake in the UAE mineral water desalination company Riviere. This strategic acquisition is expected to significantly enhance Agthia’s household customer base, allowing the company to triple its reach and strengthen its position in the water and food segment. With this acquisition, Agthia...
Abu Dhabi’s Modon Holding has partnered with Egypt’s Elsewedy Industrial Development to develop a new industrial zone at Ras El Hekma, which is expected to generate 20,000 new jobs. This collaboration was formalized through a letter of intent (LOI) aimed at building and operating the industrial zone that will support the larger Ras El Hekma...
Abu Dhabi’s Mubadala Investment Company has recently made a significant investment in the US alternative real estate commercial lender 3650. This funding round also included a repeat investment from the California State Teachers’ Retirement System (CalSTRS), totaling $215 million in new investments. While the exact financial details of Mubadala’s investment have not been disclosed, the...
UAE-based healthtech company Valeo Health has successfully raised $12 million in its Series B funding round, increasing its total funding to $20 million. This announcement was made in a recent press release, highlighting the company’s strong position in AI-driven healthcare solutions. The funding round was led by Flintera, with participation from existing investors including Nuwa...
The AIM Investment Forum, one of the world’s leading economic and investment platforms, is set to explore the future of artificial intelligence (AI) and its implications for governments during its 14th edition. The forum will take place at the Abu Dhabi National Exhibition Centre. This year’s discussions will focus on how AI innovation can drive...