Business & Investments

DDS collaborates with Thrifty and Dollar to transform the UAE ‘s auto rental with paperless collections

Partnership marks major modernisation in vehicle leasing through digitised authorisation

Vivek Harikrishnan- Head of Product & COO -Direct Debit System, Rahul Singh -Managing Director – Thrifty-Dollar Car Rental Group, Benny Thomas -Group CFO – Thrifty-Dollar Car Rental Group

Direct Debit System (DDS), the UAE Central Bank–licensed fintech platform for automated collections, today announced its partnership with Thrifty Car Rental and Dollar Car Rental, to enable remote mandate authorisation, paperless transactions, and faster reconciliation across their nationwide leasing portfolio. With operations spanning all seven emirates and a strong focus on personal, fleet and commercial vehicle leasing, Thrifty and Dollar are two of the largest automobile rental and leasing companies in the UAE. The collaboration with DDS marks a major transformation in the auto rental market.

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Ramadan Kareem

His Excellency Faraj Ali Bin Hamoodah Allocates AED 30 Million Building to Support the “Mother of the Nation Endowment for Orphans” Initiative

Contribution strengthens endowment culture and demonstrates how giving can be transformed into sustainable support for orphans

Abu Dhabi, 26 2026: Emirati businessman H.E Faraj Ali Bin Hamoodah, one of Abu Dhabi’s pioneering business leaders, has allocated a building valued at AED 30 million in support of the “Mother of the Nation Endowment for Orphans” initiative.

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Technologies

HUAWEI Mate 80 Pro Takes Centre Stage at Madrid Launch Event

UAE,26 February, 2026 – Huawei unveiled its latest innovations at the Now is Your Run global product launch event in Madrid, Spain, on February 26. The tech giant made a grand return to the global market with its Mate Series, announcing the HUAWEI Mate 80 Pro. The event also showcased the HUAWEI WATCH GT Runner 2, HUAWEI MatePad Mini, HUAWEI FreeBuds Pro 5, and HUAWEI Band 11 Series. Two-time Olympic marathon champion Eliud Kipchoge was introduced as the global ambassador for HUAWEI WATCH GT Runner. “Running means much more than running fast,” said Kipchoge. “I believe that running is the most beautiful activity on every level. Together with Huawei, we can reach millions of runners around the world and hopefully impact their lives in a beautiful and positive way.”

HUAWEI Mate 80 Pro

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Real Estate

BCD Global acquires second Dubai South project after successful first launch, targets AED 300 mn H1 revenue

Dubai, Feb 26 – International developer BCD Global has acquired a second development site in Dubai South after its inaugural Dubai project was fully committed shortly after launch as the 70-year-old real estate group targets AED 300 million ($81.7 million) in UAE revenue in the first half of 2026.

Angad Singh Bedi, CEO, and Amit Puri, Chairman of BCD Global, during the announcement of the company’s latest property acquisition in Dubai South

The second acquisition follows the company’s entry into the Dubai market last month with a freehold residential project in Warsan, which broke ground amid strong investor participation and saw all units committed within weeks, according to the developer.

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Business & Investments

Emirates NBD provides green facility to Arabian Gulf Steel Industries

Financing to support the UAE-based steelmaker’s expansion in low-carbon steel production

Dubai, UAE, 26 February 2026: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has successfully structured and completed a green facility for Arabian Gulf Steel Industries (AGSI). This financing will support the expansion of low-carbon steel production by AGSI, a leading private sector steel manufacturer and recycler in the UAE, noted for its low-emission production technology.

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