ManageEngine, a division of Zoho Corporation, has announced the transformation of its Log360 solution into a unified security analytics platform. This evolution aims to simplify security operations and enhance investments in security technologies. By integrating open APIs and fostering a developer ecosystem, ManageEngine seeks to provide enterprises, system integrators, and managed security service providers with...
AIQ, a subsidiary of Presight, has announced a significant $340 million contract with the Abu Dhabi National Oil Company (ADNOC) to implement its ENERGYai solutions across ADNOC’s upstream operations. This landmark agreement follows the successful completion of a proof-of-concept phase and aims to enhance optimization and efficiency within ADNOC’s upstream value chain over the next...
The Federal Tax Authority (FTA) has launched a new application through its “EmaraTax” digital tax services platform. This application allows eligible Family Foundations to apply for recognition as an Unincorporated Partnership, provided they meet specific conditions outlined in Federal Decree-Law No. 47 of 2022, which pertains to the Taxation of Corporations and Businesses. According to...
Emirates Health Services (EHS) has announced the implementation of advanced artificial intelligence (AI) solutions in its Medical Examination Centers for Residency. This initiative aims to improve the detection of pulmonary tuberculosis through general chest imaging exams, marking a significant step in EHS’s strategy to enhance the quality of diagnostic services and provide more accurate and...
Phoenix Venture Partners Ltd. has announced the successful first close of its private placement for the Phoenix Venture Partners Innovation Fund CEIC Ltd. The fund has raised its initial capital from a diverse group of professional investors, which includes family offices and high-net-worth individuals. The capital raised will be utilized to invest in promising early-stage...
Emirates NBD Egypt announced on Monday that it has signed a financing agreement worth 3 billion Egyptian pounds, approximately $59 million, with the National Authority for Tunnels (NAT). This deal is aimed at providing long-term credit facilities to support the development of public transportation projects in Egypt. The agreement was formalized by Tamer Ragheb, the...
The Roads and Transport Authority (RTA) of Dubai has recently signed nine new cooperation agreements with key property developers and free zone authorities in the emirate. These agreements are aimed at streamlining the approval process for infrastructure projects and managing activities within public roads and right-of-way areas, ultimately enhancing road safety. Among the notable signatories...
The UAE’s Al Etihad Payments has announced a new partnership with Visa to launch co-badged ‘Jaywan – Visa’ debit and prepaid cards. This development allows UAE residents to make payments both locally and internationally. With the new cards featuring both the Jaywan and Visa logos, customers will have the ability to shop at over 150...
Khalifa Economic Zones Abu Dhabi (KEZAD Group) and its strategic client Metal Park have announced the launch of a new storage hub valued at AED 110 million. This development is expected to enhance logistics capabilities in the region and support the growing demand for storage solutions. The new facility will span a significant area within...
The National Bank of Fujairah has successfully finalized a financing agreement worth $100 million for the construction of a clinker production unit by Pure Cement LLC. This agreement is a single currency term loan aimed at supporting the growth of the cement production sector in the region. This significant investment highlights the bank’s commitment to...