Ericsson and e& UAE, the leading telecommunications arm of e&, have entered into a three-year agreement aimed at expanding and evolving e& UAE’s 5G Radio Access Network (RAN). Under this deal, Ericsson will supply its latest radio technology and advanced Ericsson Radio System portfolio to increase network capacity, enhance 5G coverage, and introduce 5G Advanced...
Abu Dhabi real estate giant Aldar has made a significant investment in logistics and commercial real estate, spending Dh530 million to acquire assets in the Almarkaz Industrial Park, located in the Al Dhafra region. The seller of these assets is Waha Land, a subsidiary of Waha Capital. This latest acquisition adds 182 500 square meters...
stc Bahrain, a prominent digital enabler, has announced the launch of its ‘EMERGE’ summer internship program for 2025, aiming to empower youth and foster community development. The internship program is designed to provide interns with valuable opportunities and professional guidance, helping them grow personally and professionally while gaining practical skills necessary for the workplace. For...
NMDC, India’s largest iron ore producer, celebrated a significant milestone with the inauguration of its new international office in Dubai, UAE, on Tuesday. This strategic move is intended to strengthen NMDC’s global presence and support its vision of becoming a multinational mining powerhouse, as stated in a company release. The office was officially inaugurated by...
Saudi Arabia’s crude oil exports surged in June, reaching their highest level in more than a year. According to Kpler data, the kingdom increased its exports by 450,000 barrels per day (bpd) from May’s figures, bringing the total to 6.33 million bpd. This uptick occurred amidst concerns about potential supply disruptions due to ongoing conflicts...
Air Europa is enhancing its global presence by investing in key routes in the United Arab Emirates, demonstrating a long-term commercial vision for the future. The airline, part of Spain’s leading tourism group Globalia, is making strides to become a significant player in long-haul aviation through strategic partnerships in the UAE. Recently, Air Europa announced...
In a bid to promote human rights awareness and protect the rights of domestic workers, the National Human Rights Institution (NHRI) recently organized an awareness workshop for staff at domestic worker recruitment centres. This event took place at the Ministry of Human Resources and Emiratisation (MoHRE) headquarters in Sharjah and targeted employees of the “Tadbeer”...
In a significant development for the architectural and design industry, Bluehaus has announced its partnership with tp bennett, a well-established UK architecture firm. This collaboration marks a pivotal moment in Bluehaus’s journey, which began in 2002 when it was founded in a small office on Dubai’s Bank Street. The founder of Bluehaus expressed that the...
The UAE corporate tax law offers significant advantages for businesses operating in free zones, particularly with a 0% corporate tax rate applicable to transactions within these areas. This provision is especially relevant for Qualifying Free Zone Persons (QFZPs), who can benefit from this tax rate when they earn qualifying income from specific activities, even if...
Abu Dhabi’s Mubadala Investment Company has announced an agreement to acquire a 30 percent stake in Loscam International, a Hong Kong-based pallet manufacturer. Although the sovereign wealth fund did not disclose the transaction’s value, Hong Kong-listed Sinotrans has reported it to be worth $567 million. In a market filing, Sinotrans explained that the deal involves...