Category Archives: Business & Investments

Business & Investments

AD Ports Group Starts Port and Logistics Operations in Luanda, Angola

Luanda, Angola/ Abu Dhabi, UAE – 30 January 2025: AD Ports Group, a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), today began its long-term management and development of a major multipurpose terminal and an associated logistics business with local partners in Luanda, Angola, driving forward its expansion in sub-Saharan Africa.

With Angolan joint venture partners Unicargas and Multiparques, AD Ports Group started operations at Noatum Ports Luanda Terminal in the country’s largest port. The Port of Luanda handles about 76% of Angola’s container and general cargo volumes, as well as providing maritime access to landlocked neighbours Democratic Republic of the Congo and Zambia.

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Business & Investments

EVOTEQ Expands Global Outreach Through Strategic Partnership with Digital Access to Finance (DAF)

 Traceability and Patient Safety

Dubai, UAE – January 30, 2025: In line with its vision to shape a future where every product is traceable and every supply chain is secure, EVOTEQ announced its partnership with DAF, the Egyptian company managing the implementation and operation of the Egyptian Drug Authority’s national track-and-trace system. This collaboration will bring a cutting-edge solution to Egypt, marking a pivotal step toward redefining medicine traceability, enhancing patient safety, combating counterfeit drugs and managing potential drug shortages.

The partnership was formalized through signing of a Memorandum of Understanding (MOU) in the presence of Dr Ahmed Afifi, CEO Egyptian Company for Medical Investment, on the third day of Arab Health 2025, at the Dubai World Trade Center. It strategically builds on EVOTEQ’s proven success in revolutionizing healthcare traceability in the UAE.

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Business & Investments

WTW secures Kingdom of Saudi Arabia (K.S.A.) reinsurance license and appoints New Head of Reinsurance Broking

Riyadh, Saudi Arabia, 30 January 2025 — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced it has secured a licence to act as a reinsurance broker in the Kingdom of Saudi Arabia (K.S.A). 

Mohammed S. AlSudairy has been appointed as the new Head of Reinsurance Broking, WTW Saudi Arabia, based in the Kingdom of Saudi Arabia.

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Business & Investments

Lootah Biofuels Launches Smart App to Expand UCO Collection Network in Converting Waste into Clean Energy

Dubai, UAE – 30 January 2025:

Lootah Biofuels, a pioneer in the circular economy through the production of biofuel from used cooking oil, has launched its smart app (Lootah Biofuels) for both Android and iOS platforms with an aim to encourage individuals, businesses, and institutions across the UAE to responsibly dispose of used cooking oil (UCO).   The move will divert disposal of UCO to the ground and sewerage, which poses environmental and public health risks, converting it into clean energy.

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Business & Investments

SUKOON LAUNCHEs GO SAVER EMPLOYEE MONEY PURCHASE SCHEME THROUGH A DEDICATED SUBSIDIARY IN DIFC

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings        
January 30th, 2025
Dubai, United Arab Emirates
Sukoon Workplace Savings Solutions Limited (SWSS), a fully owned subsidiary of Sukoon Insurance, has launched GO SAVER Employee Money Purchase Scheme, serving corporates in Dubai International Financial Centre (DIFC). Designed to provide secure end-of-service benefit and workplace savings, GO SAVER aims at putting employees’ and employers’ financial protection at the forefront.
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