Dubai has officially started construction on Aeternitas Tower, which will be the world’s tallest residential clock tower, exceeding the height of London’s Big Ben by more than four times. Developed by London Gate in collaboration with renowned watch designer Franck Muller, Aeternitas Tower is also poised to be the tallest branded residence globally. The completion...
e& UAE, the flagship arm of e&, in partnership with Kindred.co, a media commerce company active in over 180 markets, has unveiled an innovative new programme called “Save & Grow.” This initiative allows users to save money while simultaneously contributing to environmental sustainability efforts. Users of e& UAE can activate the “Save & Grow” programme...
RemotePass, a global payroll platform based in the UAE, has partnered with Wafeq, an accounting software provider also from the UAE, to automate payroll and accounting processes for businesses operating in the UAE and Saudi Arabia (KSA). This integration allows for the real-time syncing of payroll and financial data from RemotePass to Wafeq’s accounting system,...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, and Danish Prime Minister Lars Løkke Rasmussen have signed a significant agreement aimed at promoting sustainable agriculture and food systems. This deal was finalized during Sheikh Abdullah’s working visit to Copenhagen, where he was warmly welcomed...
Siemens Energy has been awarded a significant contract worth $1.6 billion to provide technology for two gas-fired power plants in Saudi Arabia, specifically Rumah 2 and Nairyah 2. These plants, located in the western and central regions of the country, are set to add 3.6 gigawatts of power to the national grid, which is sufficient...
Janus Marine and Defense, a US-owned marine autonomy specialist, along with its partner Nexus Remote Solutions, have announced plans to establish the UAE’s first center dedicated to the testing, hiring, and maintenance of unmanned vessels. This facility, named ‘The Quarterdeck,’ will be situated at the Addax Tower in Al Reem Island, Abu Dhabi, and aims...
The United Nations Development Programme (UNDP) and the global technology group e& have unveiled the results of their new AI-powered Social and Climate Platform. This initiative aims to leverage artificial intelligence to produce real-time insights from unconventional data, informing policy decisions and fostering sustainable development in the Arab States and beyond. Developed as part of...
Bahrain has officially opened the subscription for its $526.4 million (BHD 200 million) Government Development Bond Issue 38. This initiative, led by the Central Bank of Bahrain (CBB), allows both Bahraini and foreign investors to participate, with the subscription period running until Thursday, March 13, 2025. The bonds have a par value of BHD1 each...
Impact46, acting as the fund manager for the Venture Capital InsurTech Fund and Impact Growth Fund, has successfully sold all of its shares in Rasan Information Technology Company. This transaction involved 13,296,836 shares, which constitute approximately 17.16% of Rasan’s total share capital. The sale was executed through an Accelerated Bookbuild Offering, and the offering size...
Niantic Labs, the creator of the popular augmented reality game “Pokemon Go,” has announced that it will sell its video-game division to Saudi Arabia-owned Scopely for $3.5 billion. This move comes as Niantic shifts its focus towards geospatial technology, following challenges in replicating the success of its 2016 hit game. The sale, which was revealed...