Category Archives: Business & Investments

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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Business & Investments

Industry Stalwarts Join the Mentor Board of iAccel GBI

1st August 2024, Dubai, United Arab Emirates: iAccel Gulf Business Incubator (iAccel GBI), a leading go-to-market accelerator, proudly announces the formation of our Mentor Board. This board is currently comprising of Mr. Sivarama Subramanian, Mr. Bashar Kilani & Mr. Karl Tlais, who are industry leaders with over 25-30 years of robust experience in their respective domains, will guide iAccel GBI and its portfolio startups towards growth in the UAE and Middle East region.

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Business & Investments

Quality Wipes Celebrates 11 Years with Tenfold Production and Global Expansion

Dubai, UAE, August 2024 –


Quality Wipes LLC, a leading name in the wet wipes industry, has significantly enhanced its market presence by increasing its production capacity tenfold and expanding its customer base by 50% between 2013 and 2024. This impressive growth underscores the company’s robust presence both locally and internationally.

Marking 11 years of innovation and excellence, under the visionary leadership of CEO Ms. Simran Bhatia, the company has transformed from a startup into a market leader in the UAE, renowned for its unwavering commitment to quality, sustainability, and customer satisfaction.

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