Category Archives: Business & Investments

Business & Investments

Tron Energy Technology Corporation and MAP-Tron-E, Sign MoU for Taiwanese IP Electric Bus Manufacturing in the UAE  

Dubai, UAE – July 17, 2024 – In a groundbreaking move towards sustainable transportation in the MENA region, Tron Energy Technology Corporation and MAP-Tron-E have signed a Memorandum of Understanding (MoU) to establish a joint venture dedicated to the development and manufacturing of electric vehicle (EV) buses. The MoU was signed at a formal event, last night, by Richard Huang, CEO of Tron Energy Technology Corporation, and Akshay Aggarwal, Director of MAP-Tron-E, marking a significant milestone in the UAE’s journey towards sustainability and reduced carbon emissions. 

From Left to Right: Ashrik Karan, Amit Kumar Garg, Pankaj Kaul, Chintan Sareen, Prabhakaran S, Sunil Solanki, Anil Aggarwal, Mr. Nitin Bansal.

Seated: Akshay Aggarwal and Richard Huang

This partnership aims to bring cutting-edge EV bus technology to the UAE, aligning with the nation’s commitment to environmental sustainability. The joint venture will focus on the manufacturing of electric buses across the MENA region, becoming one of the first manufacturers of electric buses in the UAE. The joint venture will also develop sustainable charging infrastructure to support faster adoption and easier use of the EV buses. This initiative is expected to revolutionize the regional transportation sector, promoting eco-friendly and efficient transit solutions. 

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Business & Investments

Powerlec Bahrain 2024 to help drive momentum for MENA circular economy initiatives

  • Share of renewable energy in primary supply mix in MENA slated to touch 26 per cent by 2050, says IRENA
  • The three-day expo and conference to be held in Manama during September 23-25 2024

Dubai/Manama, July 16, 2024:  Powerlec Bahrain 2024, an international trade fair and conference on solar, renewables, storage, power and electrical industry will open in September in Manama in the backdrop of governments in the MENA (Middle East & North Africa) region activelyseeking to reinforce and sustain circular economy initiatives to meet decarbonisation goals through energy transition.

The show’s key partners include the Dubai Renewable Energy Business Group (DREBG), Dubai Chamber of Commerce, and the Middle East Solar Industry Association (MESIA), among others.

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Business & Investments

BluSmart raises $24 million (INR 200 Crores) in Pre-Series B funding roundto power its expansion plans

New Delhi, 16 July, 2024:BluSmart, India and South Asia’s first and largestvertically integrated EV RideHailing service and EV Charging Infrastructure network, today announced the successful completion of Pre-Series B funding round securing $24 million (INR 200 Crores) in investment.

The fundraise saw participation from new investors comprising notable names, including responsAbilityInvestments AG (aleading impact asset manager),Sumant Sinha (iconic global leader in the Renewable Energy sector); MS DhoniFamily Office (Cricket icon and former Indian Captain);existing investors and BluSmart founderswho allsharethe company’s vision of ‘Decarbonizing Mobility at Scale’. ⁠The latest funding round will support BluSmart in expanding its operations andbuilding real EV charging infrastructure& assetsin the mega cities of India.

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Business & Investments

ACCA announces the addition of new Emirati members to its Members’ Advisory Committee (MAC)

With a government-led goal of achieving a 10% increase in Emiratisation of the skilled workforce by 2026, ACCA announces the addition of new Emirati members to its Members’ Advisory Committee (MAC)

Committee formed to focus on the nationalisation agenda in the UAE

Dubai, UAE; July 16, 2024: With ambitious government objectives to integrate local Emirati talent into both public and private sectors in the UAE, the Association of Chartered Certified Accountants (ACCA) has announced the addition of new Emirati members to its existing Members’ Advisory Committee (MAC), to support its objective of growing the number of Emirati ACCA members.

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Business & Investments

KEZAD Commissions New Natural Gas Network for Clients

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The newly developed gas network will help KEZAD realise its sustainability goals by cutting emissions

Abu Dhabi, United Arab Emirates – 16July 2024:Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, has successfully commissioned a new natural gas network having 311,100 MMBTU/Day capacity in KEZAD Area A – Al Ma’mourah.

The new natural gas network has been developed by the KEZAD Group subsidiary, KEZAD Utilities & Facilities Management Company in three phases with a capital investment of around AED 300 million.

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