All posts by uaenews247

Business & Investments

Joint Workshop held by the Federal Tax Authority and Microsoft on “Accelerating Innovation with AI”

Dubai, 5 March 2025: As part of its participation in UAE Innovation Month 2025, that took place in February, the Federal Tax Authority (FTA) held a joint workshop on “Accelerating Innovation with AI” in collaboration with Microsoft, a global leader in computing technologies and the world’s largest software maker.

The workshop was attended by Abdulla Al Bastaki, Executive Director of the Information Technology Sector, Chief Executive Officer of Artificial Intelligence, along with several FTA employees and AI specialists from Microsoft, with the initiative aligned with the FTA’s strategic plans to strengthen partnerships with leading institutions and technological companies specialising in IT and artificial intelligence (AI).

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Real Estate

Innovate Living Secures Prime Waterfront Plots on Dubai Islands for AED 1.4bn Ultra-Luxury Development Expansion

Strategic acquisition will shape Dubai’s next frontier of ultra-luxury waterfront living with exclusive, high-value developments.

Dubai, UAE – 05 March 2025: Innovate Living, a leading luxury real estate developer with a legacy of delivering bespoke residential projects, has secured a collection of prime waterfront plots on Dubai Islands in a landmark acquisition, laying the foundation for a long-term AED 1.4 billion (USD 400 million) development pipeline. This strategic move underscores the company’s commitment to shaping Dubai’s residential landscape and being at the forefront of the city’s next-generation ultra-luxury developments.

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Travel & Tourism

Sanad and Lion Air Sign a New Landmark MRO Agreement, Expanding Sanad’s Presence in Southeast Asia

  • The signing of new global customers highlights Sanad’s continued growth, strengthening its position as the global partner of choice for leading airlines.
  • Lion Air, Indonesia’s largest low-cost carrier, operates a fleet of 310 aircraft, stands as the leading low-cost carrier in the APAC region, with an extensive route network of 150 destinations.
  • This agreement underscores Sanad’s advanced engineering and technical capabilities in aviation engine Maintenance, Repair, and Overhaul (MRO), cementing its reputation as a trusted global partner to leading airlines and Original Equipment Manufacturers (OEMs).
  • The five-year agreement further solidifies the Global status of Sanad and reinforces the position of Abu Dhabi’s as a major player in the global aviation industry recognized for its capabilities and world-class talent.
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Business & Investments

ADIB Group Recognised For Excellence in Information Security and Data Privacy With ISO 27001 & ISO 27701 Certifications

UAE, Abu Dhabi, 5 March 2025:  Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has enhanced its commitment to information security and data piracy by achieving the ISO/IEC 27001:2022 and ISO/IEC 27701:2019 certifications. The certification applies to ADIB’s group operations, including ADIB UAE, ADIB Egypt, ADIB Iraq, ADIB United Kingdom and Saudi Finance Company as well as other companies within the group, demonstrating the bank’s commitment to ensuring the protection of customer data and regulatory compliance across all markets.

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Business & Investments

Mastercard signs strategic collaboration with Mashreq to support its launch as a digital bank in Pakistan

The collaboration involves card portfolios across consumer, affluent, and business segments

Dubai, UAE; 05 March 2025: Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments.

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