For sustainable aviation fuel and achieving the strategic objectives of the UAE
Dubai, United Arab Emirates – 19 December 2024:
Lootah Biofuels, a pioneer in the circular economy through the production of biofuels from used cooking oils, has affirmed its readiness to meet the future growth of sustainable aviation fuels (SAF). The company aims to contribute to achieving the UAE’s strategic target of producing 700 million liters of SAF annually by 2030, with a voluntary goal of providing 1% of sustainable fuel to national airlines at the country’s airports using locally produced fuel by 2031.
RTA earns global recognition with the Chartered Institute of Procurement and Supply (CIPS) Procurement Excellence Certification
Dubai’s Roads and Transport Authority sets a new benchmark for public sector procurement and supply chain management with this certification
Dubai, UAE; December 19, 2024: The Roads and Transport Authority (RTA) has successfully completed the globally acclaimed CIPS Procurement Excellence Programme, demonstrating its leadership and commitment to procurement best practices. The certification, awarded by the Chartered Institute of Procurement & Supply (CIPS), was presented at RTA’s headquarters in Dubai by Ben Farrell, CEO of CIPS, and Sam Achampong, Regional Director of CIPS MENA.
Cairo, Egypt / Abu Dhabi, UAE – 18December 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics and industry, today appointed Hassan Allam Construction, Hassan Allam Holding’s flagship subsidiary and one of the leading contractors in Egypt and the MENA region, to build the infrastructure of Noatum Ports – Safaga Terminal on Egypt’s Red Sea coast, which will be the first internationally operated port terminal in Upper Egypt region.
United Arab Emirates, December 19, 2024 – Klub, a fintech leader in Revenue Based Financing, has partnered with Abu Dhabi Global Market’s (ADGM) Numou platform to support SMEs and startups across the UAE. This collaboration aims to bridge the financing gap for small businesses in the region, ensuring faster and more accessible funding for entrepreneurs.
This partnership follows Klub’s earlier announcement of a 1 billion AED credit fund under ADGM’s progressive credit fund regime, reaffirming its mission to make capital easily accessible for SMEs and startups in the UAE. The Numou platform, designed to provide tech-driven, seamless financing solutions, aligns with Klub’s goal to empower businesses and drive regional economic growth.
Khalifa Al Zaabi, General Manager, Numou, added, “We are very excited about the partnership with Klub and look forward to the ongoing collaboration. This partnership aligns with Numou’s commitment to empowering UAE SME’s with access to innovative financial solutions.”
“Over 95% of businesses operating in the country are SMEs that contribute to over 40% of the GDP. Yet less than 10% of SMEs have access to timely and flexible funding,” said Anurakt Jain, Co-Founder & CEO at Klub. “Our partnership with Numou underscores our commitment to solving this issue by leveraging technology and local expertise to provide swift, tailored financing for businesses across the UAE.”
Dubai/Abu Dhabi, UAE, 18 December 2024: Emirates NBD, one of the UAE’s leading financial institutions, has led the successful closure of a £140 million senior financing transaction for a prime Purpose-Built Student Accommodation (PBSA) asset in central London, in collaboration with Abu Dhabi Islamic Bank (ADIB). This 50/50 club deal marks a significant collaboration between the two banks and enhances the UAE’s banking presence in key international markets.
UAE News 24/7 