Category Archives: Business & Investments

Business & Investments

Federal regulators align to champion AGWA

  • MoEI, MoIAT and MOCCAE will collaborate to streamline federal regulations to support global efforts addressing food shortages and water scarcityAGWA cluster seeks to capture opportunities in the growing global food and water market, which is expected to reach AED 77.4 trillion by 2045Robust business environment will enable Abu Dhabi to be a global leader in solutions related to the future of food and water

 Abu Dhabi, UAE – 15 June 2024: The Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO) announced a key agreement with the Federal Government of the United Arab Emirates to streamline regulatory approvals for the food and water industry, advancing AGWA (AgriFood Growth & Water Abundance), Abu Dhabi’s newly launched food and water economic cluster, which is poised to play a leading role in global efforts to tackle food shortages and water scarcity.

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Business & Investments

Swiss-based NUOS partners with AGWA Abu Dhabi to build world leading alternative production facility

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Swiss-based NUOS partners with AGWA Abu Dhabi to build world leading alternative production facility

  • NUOS’ Abu Dhabi manufacturing facilities will be the largest alternative protein facility in the world with end capacity to produce up to 1m tonnes of food annually
  • NUOS’ facilities reinforce Abu Dhabi’s AGWA strategy as it seeks to tap into global food and water market set to be worth AED 77.4 trillion by 2045
  • This partnership establishes Abu Dhabi as the epicentre for the global production of alternative protein at scale through NUOS
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Business & Investments

eToro partners with X to bring reliable and relatable financial education content to the platform

eToro partners with X to bring reliable and relatable financial education content to the platform

Friday, 14 June 2024 – Trading and investing platform eToro today announces a partnership with X to publish a series of financial education content on X, through livestream events, video on demand and audio Spaces.

eToro and X are joining forces to bring accurate and accessible investment content to the platform through the medium of video, posts and Spaces. The program will roll out across the UK, Germany, France, Italy, Spain, the UAE and the US. This expert-led content will be available to all X users and will bring analysts and thought leaders from the investing community together to share insights and analysis, discuss trending topics and breaking news, as well as to explain investment fundamentals live on X.

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Business & Investments

Broaden Energy invests AED 1 billion to establish hydrogen equipment manufacturing complex in Abu Dhabi

Broaden Energy invests AED 1 billion to establish hydrogen equipment manufacturing complex in Abu Dhabi

Abu Dhabi, 14 June 2024 —

The Abu Dhabi Department of Economic Development (ADDED) announced today the signing of a Memorandum of Understanding (MoU) with Broaden Energy, a global leader in hydrogen energy solutions. Under this agreement, Broaden Energy will establish the first hydrogen equipment manufacturing complex in Abu Dhabi. This complex aims to support the goals of the Abu Dhabi Industrial Strategy (ADIS), advancing sustainability, developing value chains, and strengthening Abu Dhabi’s position as the region’s most competitive industrial hub.

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Business & Investments

SWIFT User Group underscores role of payment development initiatives in UAE’s position as financial and trade hub

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SWIFT User Group underscores role of payment development initiatives in UAE’s position as financial and trade hub

Abu Dhabi, United Arab Emirates; 14 June 2024:

The Steering Committee and National SWIFT User Group in the UAE held their regular meeting yesterday (June 13th) chaired by Mr. Jamal Saleh, Director General of UAE Banks Federation and Chairman of the SWIFT User Group steering Committee in the UAE.

The meeting approved the minutes of the previous committee meeting and reviewed the progress made in implementing the current year’s action plan and activities. They praised the efforts undertaken under the supervision of Central Bank of the UAE in keeping pace with developments in the banking and financial sector to improve payment processes and enhance the efficiency and security of the banking transfer system, solidifying the UAE’s position as a global financial and trade hub.

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