Ignite Energy Access, a prominent provider of Distributed Renewable Energy (DRE) solutions in Africa, has announced plans to establish its global headquarters in Abu Dhabi, following a strategic agreement with the Abu Dhabi Investment Office (ADIO). This collaboration aims to enhance job creation and support Ignite’s mission to connect 100 million people in Africa with...
Abu Dhabi is set to introduce the world’s largest drone light show through a strategic partnership between the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Colorado-based Nova Sky Stories, and the Emirati company Analog. The signing of this agreement was witnessed by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the...
Dubai Aerospace Enterprise (DAE) announced today that it has signed agreements with multiple counterparties to acquire 17 aircraft for an estimated total of around $1 billion. This new portfolio is entirely composed of next-generation aircraft, with 89 percent categorized as narrow-body aircraft. Firoz Tarapore, the CEO of DAE, expressed satisfaction with the acquisition, stating that...
AMIS Development, a luxury real estate builder, has officially broken ground on its latest residential project, Woodland Terraces, valued at AED 130 million. This new development is situated in District 11 of Meydan, Dubai, and construction is set to be completed in the first quarter of 2027. The groundbreaking ceremony took place on-site and was...
HyperPay, a digital payment solutions provider in the UAE, has launched a new payment solution called ‘HyperTap’. This innovative ‘Tap on Phone’ technology allows smartphones to function as contactless point-of-sale (POS) terminals without the need for additional hardware. The company asserts that HyperTap enhances transaction experiences for both customers and merchants by providing a seamless,...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, announced that the total value of Dubai’s endowment assets has reached AED 11.1 billion. This significant increase reflects the ongoing commitment of Dubai to enhance its endowment sector and...
In a significant advancement for the UAE’s real estate market, Tern Rewards has introduced the country’s first digital rental payment and rewards platform. This innovative service allows tenants to pay their rent using credit cards while earning double the rewards, transforming how tenants and landlords interact. By combining financial flexibility with modern technology, Tern Rewards...
The Abu Dhabi Fund for Development and Egyptian government partners have launched a project to establish a five-star hotel in Egypt, with investments totaling 440 million dirhams, equivalent to approximately $120 million. This announcement was made during a project launch event in Cairo, accompanied by a press release. This initiative reflects the expanding investments of...
Khalifa University of Science and Technology has announced that it secured the top spot in the UAE across ten disciplines, according to the QS World University Rankings by Subject 2025. Notably, the university’s petroleum engineering program rose to seventh place globally, maintaining its position among the world’s top ten universities in this field for three...
The International Olympic Committee (IOC) has signed a significant agreement worth three billion dollars with NBC Universal. This deal grants NBC the broadcasting rights for the Olympic Games in the United States until 2036. According to the IOC, this contract extends the current agreement with NBC by four years and represents a substantial contribution to...