Gulf Bank K.S.C.P., one of Kuwait’s leading conventional banks, has successfully signed a $650 million Senior Unsecured Syndicated Term Loan Facility. This marks Gulf Bank’s debut in the international syndicated loan markets and provides a sustainable and diversified financing route for the bank. The loan was coordinated by Emirates NBD Capital Limited and Standard Chartered,...
Dubai Municipality has announced the successful completion of a series of innovative sports fields and courts located in public parks and recreational facilities throughout the city. These new facilities were developed in partnership with leading international companies from the sports, food, and services sectors. The newly designed sports fields and courts can be found in...
The Integrated Transport Centre, known as Abu Dhabi Mobility, in collaboration with Abu Dhabi Maritime, part of AD Ports Group, has officially inaugurated the Al Aliah Island ferry terminal. This new facility aims to improve connectivity for Al Aliah Island and support local development by providing easier ferry access. The terminal is designed to meet...
Egypt-based fintech company MNT-Halan has announced its expansion into the UAE, marking a significant growth phase for the unicorn startup. Co-founder Mounir Nakhla emphasizes that the company has only begun to tap into its full potential, highlighting the mission to redefine financial access for millions. Founded in 2018, MNT-Halan originally launched as a ride-hailing platform....
The United Arab Emirates is exploring innovative methods to address its long-standing issue of drought by leveraging artificial intelligence technology to enhance rainfall. The use of AI technology to enhance rainfall was a major topic at the recent International Rain Enhancement Forum held in Abu Dhabi, where experts discussed potential advancements in rainmaking techniques, particularly...
Journify, a company specializing in AI-powered data activation, has successfully raised $4 million in funding. The investment round was led by Silicon Badia, a global venture capital firm, with participation from RZM and other strategic investors. This funding is aimed at supporting Journify’s mission to provide brands with ethical, data-driven marketing solutions that enhance audience...
Dubai’s Roads and Transport Authority (RTA) has begun the implementation of a next-generation traffic signal control system known as UTC-UX Fusion. This innovative system integrates artificial intelligence (AI), predictive analytics, and digital twin technologies, and is set to be deployed across all major intersections in Dubai. The project is expected to be completed by the...
Dubai Holding has announced the return of its Ramadan initiative “Heba Fi Mahlaha” for the second consecutive year. This program aims to extend support to low-income individuals and enhance consumer spending during the holy month of Ramadan. The initiative will provide essential food and household items to families in need, helping them during this significant...
ADQ and Eni, a multinational energy technology firm with headquarters in Rome, have inked a Memorandum of Understanding. The purpose of this agreement is to pinpoint areas where supply chains and the mining industry can work together. The collaboration demonstrates both firms’ dedication to investigating cutting-edge prospects and solutions in the mining sector. It is...
Abu Dhabi’s state-run atomic power company, Emirates Nuclear Energy Co. (ENEC), is preparing to invest in the French-Italian operator Newcleo. This decision follows the signing of an agreement during a visit to Rome by UAE President Sheikh Mohamed Bin Zayed Al Nahyan. ENEC aims to pursue a direct investment through private funding, alongside a co-investment...