Daily Archives: September 16, 2024

Business & Investments

Al Fujairah National Insurance Co. Launches FloodGuard: Exclusive Flood, Storm, and Tempest Coverage for Third-Party Insured Motorists

Monday, September 16, 2024 – Dubai, UAE: Al Fujairah National Insurance Co. (AFNIC) announces the launch of “FloodGuard,” the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for third-party insured motorists.

FloodGuard offers crucial coverage for personal or company-owned vehicles used exclusively for personal or leisure purposes, especially those over 7 years old that often do not qualify for comprehensive insurance. “In response to the recent heavy rains in the UAE, AFNIC’s innovative solution provides much-needed relief to private car owners. We are proud to spearhead this groundbreaking insurance product in the UAE,” says AFNIC CEO Antoine Maalouli. “Our commitment is to address our clients’ evolving needs and offer them the reassurance they seek in an ever-changing world.”

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Business & Investments

Hitachi Energy exhibits data-driven solutions at World Utilities Congress 2024

Abu Dhabi, U.A.E. – September 16, 2024: Hitachi Energy presents its solutions for a sustainable, flexible and secure energy system at the World Utilities Congress (WUC) 2024 to be held at the Abu Dhabi National Exhibition Centre (ADNEC) from September 16-18. The event gathers energy leaders, policymakers, innovators, and professionals from the power and water utilities value chain to discuss and address the trends and challenges shaping the industry.

At the event, Hitachi Energy showcases its industry-leading technologies and innovations on enhancing power system flexibility, advancing digitalization, and accelerating the global energy transition. Power system flexibility is critical for integrating renewable energy sources like solar and wind, ensuring grid stability, and reducing carbon emissions. As the energy landscape evolves, flexible and adaptable power systems are essential to maintaining reliable electricity supply and achieving sustainability goals.

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Featured

DAFZ Announces Strategic Partnership with the 2024 Edition of Red Bull Basement

  • The partnership aims to elevate UAE innovators’ positioning on a global stage

Dubai, UAE 16 September 2024: Dubai Airport Free Zone (DAFZ), a member of the Dubai Integrated Economic Zones Authority (DIEZ), has announced a strategic partnership with the 2024 edition of Red Bull Basement. This partnership aligns with the free zone’s commitment to elevating UAE innovators’ positioning on a global stage.

Arif Al Khouri, Senior Vice President of Customer Care at DAFZ,

The initiative empowers the next generation of innovators to conceive, develop, and launch their groundbreaking ideas, accelerated by AI technology. Each team that applies will have the opportunity to create its own business plan.

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Technologies

 Yango Tech and Retail Leaders Al Sadhan and SPAR to Innovate Saudi Retail Landscape

Riyadh, Saudi Arabia – 16th September 2024 – Yango Tech, one of the leading providers of proprietary e-commerce technologies and part of the global tech company Yango Group, has forged a strategic partnership with Al Sadhan and SPAR at the GAIN (Global AI Now, Next, Never) Summit in Saudi Arabia.

This collaboration marks a pivotal moment in advancing retail technology and enhancing digital capabilities in the MENA region for both brands. By introducing cutting-edge solutions, this partnership aims to streamline everyday shopping experiences, making them more efficient and accessible for consumers across the region.

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Real Estate

Meraas awards AED 850 million construction contract for Bvlgari Lighthouse

Meraas awards AED 850 million construction contract for Bvlgari Lighthouse on Jumeira Bay Island

Dubai, UAE, 16 September 2024: Meraas, a member of Dubai Holding Real Estate, has awarded an AED 850 million contract for construction work of the Bvlgari Lighthouse on Jumeira Bay Island to Dutco Construction Co LLC.

With marine works now completed on this section of Jumeira Bay Island, construction will soon commence on the 27-storey luxury residential tower. Designed by world-renowned architecture firm Antonio Citterio Patricia Viel, Bvlgari Lighthouse is set to become one of the city’s most prestigious addresses and an exquisite highlight of the island.

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