Etihad Airways, the national airline of the United Arab Emirates, and Ethiopian Airlines have announced a strategic Joint Venture (JV) aimed at transforming travel connectivity between Africa, the Middle East, and Asia. The agreement was signed at Ethiopian Airlines’ headquarters in Addis Ababa and includes a codeshare arrangement that will open up new travel opportunities...
Abu Dhabi’s Lunate, an asset management firm with $105 billion in assets, has launched a new venture named Axight that will focus on private equity deals in the Asia-Pacific region. This initiative aims to increase Lunate’s exposure to faster-growing markets, as revealed by sources familiar with the matter who requested anonymity due to the confidential...
UAE-based fintech firm Hubpay has introduced Hubpay Payroll, a new payroll solution aimed at simplifying payments for businesses with international teams. This launch marks Hubpay’s entry into the growing $1.2 billion payroll market in the UAE, providing companies with a seamless and cost-effective method to manage their global payroll needs. As businesses in the UAE...
In a significant move to enhance economic ties, the UAE and Tunisia have launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA). This announcement was made by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the UAE, and Samir Obeid, Minister of Trade and Export Development of Tunisia, during a...
The Roads and Transport Authority (RTA) has implemented significant upgrades on Sheikh Zayed Road, one of Dubai’s busiest highways, resulting in journey times being cut by more than half. This improvement is particularly noticeable near the Burj Khalifa, Dubai Mall, and the Dubai International Financial Centre (DIFC), making travel through this critical area much smoother....
ClearGrid has officially launched, emerging from stealth mode with $10 million in funding aimed at transforming the debt collection industry across the MENA region. This comes at a time when the region’s consumer lending market is valued at $500 billion and is facing increasing pressure from tightening consumer protection regulations. Traditional debt collection methods, characterized...
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, has confirmed plans for the development of an $8 billion green hydrogen plant in the Suez Canal Economic Zone (SCZONE) in collaboration with the Indian company ReNew Power. This announcement was made during a recent meeting with Vikram Kapur, Group President at ReNew Power. The initiative...
The Dubai Chamber of Digital Economy recently hosted a promotional roadshow in Canada to highlight the advantages of participating in the Expand North Star 2025 event. This initiative aimed to engage 350 Canadian startups, showcasing the diverse opportunities available in Dubai’s dynamic digital landscape. During the roadshow, officials emphasized how Expand North Star 2025 serves...
The Abu Dhabi Investment Office (ADIO) has announced a significant multi-year partnership with Gushcloud International, a global company specializing in creator management and digital marketing. This collaboration aims to establish Gushcloud’s regional headquarters in Abu Dhabi, marking a notable step in enhancing the emirate’s digital economy and creative industry. As part of the partnership, Gushcloud...
Cognite, an industrial software firm backed by Saudi Aramco, has launched its AI services center in Bengaluru, India. The company revealed plans to invest millions of U.S. dollars in India and aims to increase its investment in the region over time. Chief Strategy Officer Hakon Bjerke emphasized that Cognite is committed to this growth strategy....