The Cooperative signs agreement with Continental Investments LMD LLC to open its first branch in a residential complex in Dubai
Dubai, UAE:
Union Coop has signed a Memorandum of Understanding (MoU) with Continental Investments LMD LLC to establish its first branch in the Rukan residential community, located in Wadi Al Safa within Dubai Land, behind Arabian Ranches. This agreement aligns with Union Coop’s expansion plans and strategies, aiming to introduce new projects that delight shareholders and shoppers while meeting the needs of all community segments in Dubai.
The agreement was signed by Mr. Mohamed Al Hashemi, CEO of Union Coop, and Mr. Hamad Al Abbar, Managing Partner of LMD, at Union Coop’s headquarters in Al Warqa City Mall, in the presence of several dignitaries from both sides.
The objective of the agreement is to enhance collaboration between the two parties to create the first Union Coop branch in a residential complex, spanning approx. 21,000 sq. ft. This branch will provide retail stores and a variety of food and non-food items at competitive prices to the residents of the Rukan community, along with offering numerous purchasing options at discounted rates.
The new lineup includes 8-Network based cameras and 2-Network based recorders with a dedicated mobile application that helps streamline the monitoring of live streams and recorded videos
Dubai, United Arab Emirates
Panasonic Marketing Middle East & Africa (PMMAF) has announced its latest innovation in CCTV technology for the region. The Japanese manufacturer returns with a completely new series of security cameras that are designed to provide superior image quality, reliability, and advanced features, ensuring optimal performance in diverse applications. Panasonic’s new range of cameras and network video recorders are designed to meet various customer application needs, providing high security, and ensuring safety in homes, shops, and offices.
Acquisition expands TAQA’s portfolio, further strengthening its capabilities to deliver high-quality water treatment solutions
Integration of SWS Holding adds significant asset value and further enhances TAQA’s predictable cashflow profile and earnings
04 September 2024, Abu Dhabi, UAE: Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utilities in Europe, Middle East and Africa, today announced the completion of its agreement to acquire Sustainable Water Solutions Holding Company (“SWS Holding”). TAQA has finalised the acquisition of all outstanding shares of SWS Holding for AED 1.7 billion.
SWS Holding owns Abu Dhabi Sustainable Water Solutions Company (“ADSWS”), which was established in 2005, and is the sole entity responsible for wastewater collection and treatment as well as production of recycled water in the Emirate of Abu Dhabi. ADSWS delivers sustainable water solutions by focusing on resource recovery and water circularity and is regulated by the Department of Energy, operating under the same regulatory framework as other key sectors in TAQA’s portfolio, such as our transmission and distribution businesses (power and water) in Abu Dhabi. ADSWS has a growing network of approximately 13,000 km of sewer pipelines and a water treatment capacity of approximately 1.3 million cubic metres per day from 43 plants, with a regulated asset value of approximately AED 17.5 billion.
SWS Holding expands TAQA’s capabilities in managing water and is highly complementary to its existing portfolio. The transaction will add significant value to the company’s asset base and further enhances TAQA’s highly predictable and secure cashflow profile as well as its long-term earnings.
Building on its strengths in the UAE, SWS Holding aims to expand internationally as part of its long-term growth strategy, delivering sustainable water solutions to new markets. Recently, SWS Holding, alongside Marubeni Corporation and Suez, signed a joint development agreement with Uzbekistan’s Ministry of Investment, Industry and Trade and Uzsuvtaminot JSC to develop a wastewater treatment plant in Tashkent, which will be capable of producing 1.5 million cubic metres of treated water per day.
Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director, said: “By bringing the treated water business into TAQA, alongside our other water activities of production and transmission & distribution, we will be able to optimise the way we produce, use and reuse water. As a company we can now offer an even broader range of utility solutions while we continue to grow here in the UAE and internationally. Adding SWS Holding to our portfolio strongly aligns with our net zero strategy, helping to ensure water security in the UAE while minimising related greenhouse gas emissions through effective wastewater treatment and reuse.”
Eng. Ahmed Al Shamsi, SWS Holding’s Chief Executive Officer and Managing Director added: “Being part of TAQA strengthens our position to ensure responsible water use and reuse, support the circular economy and promote smart growth here in the UAE and abroad. As stewards of sustainable water management, we are a reliable low-carbon water champion and look forward to bringing even more integrated and innovative solutions powered by cutting-edge technology and operational excellence to lead water transformation to our customers.”
SMEs contribute 63.5% to the UAE’s non-oil GDP and represent over 90% of the country’s businesses, according to the CBUAE
Dubai, 4 September, 2024: Astra Tech, the MENA region’s leading consumer technology holding group, has launched the Botim Payroll Solution—the UAE’s first fully digital payroll solution offering real-time salary processing, in compliance with the UAE’s Wage Protection System (WPS). The new innovative platform is set to provide small and medium-sized enterprises (SMEs) with a more streamlined and integrated approach to payroll management.
Dubai, UAE – 4 September 2024:Summer may be at an end, but the Back-to-School season is in full swing and AliExpress has shoppers covered as their go-to one-stop shop for their must-buy items, making shopping easier than ever.
Whether it is the latest tech or the trendiest gear to wear to kickoff the new school year, check out the ultimate shopping spree guide below listing our top picks to snag:
Keep the music going in style as you get in the zone. Block out the noise whether its morning drivetime or study crunch time and look stylish doing it.
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