Category Archives: Business & Investments

Business & Investments

RAKEZ boosts business growth across sectors through targeted networking events

Ras Al Khaimah, 2 August 2024: Ras Al Khaimah Economic Zone (RAKEZ) continues to drive business development and industry synergy through its dedicated series of networking events for local and global investors, highlighting its focus on fostering a collaborative business environment.

Recognizing the importance of collaboration in today’s rapidly evolving global marketplace, RAKEZ is at the forefront of cultivating dynamic sectors within Ras Al Khaimah. The economic zone is committed to building a resilient community that thrives on collective achievements and the shared mission of overcoming business challenges.

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Business & Investments

Abu Dhabi Customs Records Growth in Digital and Proactive Transactions in the First Half of 2024

Abu Dhabi Customs: July 2024

The General Administration of Abu Dhabi Customs has reported a 27% increase in digital customs transactions across Abu Dhabi’s border points during the first six months of 2024, compared to the same period in 2023.

Proactive and automated transactions saw a notable 28% growth, comprising a significant portion of total customs transactions in the first half of 2024 versus the same period in 2023. Abu Dhabi Customs provides several services to its customers, including a proactive insurance refund service, truck transit permits, entry and exit permits for goods at customs centers, as well as customs certificates for vehicles. Additionally, entry and exit customs certificates are issued automatically when customers prepare their customs declarations.

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Business & Investments

MULTIBANK GROUP, MASHREQ PARTNER TO LAUNCH INSTANT PAYMENTS SERVICE

Dubai, UAE – August 2, 2024: MultiBank Group, the largest financial derivatives institution worldwide headquartered in Dubai, announces its strategic partnership with Mashreq to launch the latest technology enabling instant payments service.

This collaboration aligns with MultiBank Group’s dedication to providing advanced, user-friendly financial services and seeks to enhance transactional efficiency and improve operational transparency for a diverse global clientele of over 1 million traders across 90 countries.

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Business & Investments

Alpha Dhabi delivers strong performance with H1 revenue of AED 29.3 billion and net profit AED 6.7 billion

Mohamed Thani Murshed Ghannam Al Rumaithi: “Alpha Dhabi has continued to build a resilient and forward-looking portfolio deep into 2024. With our sights firmly set on the future, our portfolio is geared towards catalysing opportunities that will enable and encourage enterprises to transform and adapt through innovation and sustainability.”

Eng. Hamad Al Ameri: “Alpha Dhabi continues to demonstrate significant performance across its portfolio by adding strategic investments in high growth industries that are shaping the future. We’re uniquely poised to ramp up our investment activities and align with growth opportunities that we know will add value to our portfolio and deliver impact whenever, and wherever we operate.”

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Business & Investments

Masdar and Total Energies to Develop a Commercial Green Hydrogen to Methanol to SAF project in Abu Dhabi

  • Focus of project is to decarbonize hard to abate, emission intensive sectors such as aviation and maritime industries
  • Agreement follows successful test flight by Masdar and TotalEnergies demonstrating potential for converting methanol to SAF
  • Project will capture and utilize CO2 from an industrial source as a feedstock for production of green methanol and SAF

Abu Dhabi, UAE – August 1, 2024: Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed an agreement with TotalEnergies to assess the viability of developing a commercial green hydrogen to methanol to SAF (Sustainable Aviation Fuel) project.

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