Category Archives: Business & Investments

Business & Investments

Al Etihad Payments and Mastercard collaborate to launch “Jaywan – Mastercard” debit and prepaid cards in the UAE

Abu Dhabi, UAE; 12 March 2025: Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme “Jaywan”, and Mastercard have announced a strategic collaboration to launch “Jaywan – Mastercard” co-badged debit and prepaid cards in the UAE.

Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions, setting a new benchmark in the UAE’s payment landscape by combining innovative products and value-added services.

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Business & Investments

Sanad Achieves Strong Results, Surpassing AED 4.92 Billion in Revenues for 2024, Marking a 40% Surge

  • Recorded a 40% Year-on-Year Revenue Growth Propels Sanad Beyond the US$ 1 Billion Milestone, Cementing Its Status as a Global engine MRO Leader and the largest in the MENA region
  • MRO Capabilities Reach New Heights with 161 Engine Inductions, a 29% Surge, and adoption of a new product raising its product portfolio to 5 engines
  • AED 33 Billion Order Book Strengthened by Landmark Global Agreements, Adding AED 4 Billion in New Business in 2024
  • 20% Workforce Growth Fuels Sanad’s Expansion, Accelerating Emiratization and Future-Ready Talent

Abu Dhabi, 12 March 2025 – Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), has announced exceptional financial results for 2024, surpassing the US$1 billion milestone for the first time in its history. The company reported AED 4.92 billion (US$1.34 billion) in revenue, a 40% increase from AED 3.4 billion (US$ 925 million) in 2023, underscoring its rapid expansion and strategic market positioning.

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Business & Investments

Hitachi Energy invests additional $250 million USD to address global transformer shortage  

  • More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demand
  • The U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain
  • Builds on the $6 billion USD investment announced in 2024 – the largest in the industry in recent years to respond to the urgent need to upgrade power grids

　　　　　　　　　　　　　　　

Dubai, UAE, March 12, 2025 – Hitachi Energy announced today at CERAWeek additional major investments of more than $250 million USD by 2027 to expand global production of critical components for transformers. This rapid follow-up to the recently announced $6 billion USD investment across the company portfolio reflects the escalating transformer shortage, which continues to increase.

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Business & Investments

AIM Congress 2025 to Host Roundtables Addressing Key Global Investment Trends and challenges

Abu Dhabi, UAE, 12 March 2025: The 14th edition of AIM Congress, set to take place from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre, will feature high-level roundtable discussions tackling the most pressing global investment challenges.

AIM Congress 2025 held under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”, these discussions aim to generate strategic recommendations that will reshape the global investment landscape.

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Business & Investments

Governments should grasp gender-responsive budgeting as an opportunity to address systemic gender disparities

Research highlighting progress on gender-responsive budgeting underlines how professional accountants are uniquely placed to play a central role in contributing to an inclusive society

Dubai, March 12, 2025: Gender-responsive budgeting (GRB) should be seen by policymakers and governments as a key tool for driving inclusive growth and systemic change. In new research, Gender-responsive budgeting: unlocking the potential, global accountancy body ACCA draws on the experience of professional accountants and leaders across Eastern Europe, Eurasia and the Middle East.

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