Category Archives: Business & Investments

Business & Investments

EasyLease Expands into Railways and Smart Mobility with 60% Acquisition of United Trans

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EasyLease Expands into Railways and Smart Mobility with 60% Acquisition of United Trans, Reinforcing Regional Mobility Leadership and Expanding Service Portfolio for Mega Projects

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  • Strategic majority acquisition expands EasyLease portfolio in a move reflecting the company’s growth plans as well as its objective to deliver exceptional customer value.

Abu Dhabi, 03 April 2024: EasyLease, (ADX: EASY LEASE), a leading provider of integrated mobility solutions and a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in United Trans, a leading rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies.

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Business & Investments

Microsoft Surface Innovation Hub launched at Redington Office in UAE

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Microsoft Surface Innovation Hub launched at Redington Office in UAE

The first of its kind in the Middle East the Microsoft Surface Innovation Hub is a collaborative space for decision makers to explore and experience the power of Surface – providing businesses with the tools they need to succeed in the AI era The high-tech facility is largely designed with natural, reusable materials underlining Microsoft’s dedication to a sustainable future and the recycling of devices

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Business & Investments

Lootah Biofuels reaffirms contribution to achieve national policy on biofuels goals

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  • 6 million liters biofuels production annually and plans to increase production with the opening of the factory in Abu Dhabi
  • Partnerships with leading global companies to develop advanced biofuel technologies and improve productivity.

Dubai, United Arab Emirates- 02 April 2024:

Lootah Biofuels, a leading circular economy company producing biofuel from cooking oil in the UAE, has reaffirmed its commitment to contribute to achieving the objectives of the National Policy on Biofuel trade and manufacturing, recently approved by the UAE Cabinet to support the country’s sustainability and Net Zero strategies by enhancing clean and sustainable energy sources.

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Business & Investments

Philip Morris International: Smoke-free products reached nearly 40% of total PMI net revenues in the fourth quarter 2023, and over 40% of gross profit.

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Philip Morris International: Smoke-free products reached nearly 40% of total PMI net revenues in the fourth quarter 2023, and over 40% of gross profit.

As of December 31, 2023, Philip Morris International’s smoke-free products were available in 84 markets, including 25 markets with smoke-free products accounting for more than 50% of the company’s total top-line in 2023

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Business & Investments

Growing UAE Saving Culture Propels National Bonds Investments to Record AED 14 billion in 2023

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Growing UAE Saving Culture Propels National Bonds Investments to Record AED 14 billion in 2023

  • National Bonds distributed AED 2.9 billion in profit payouts and prizes
  • Bond holders have earned up to 5.84% in returns on their savings for 2023

Dubai, UAE, 02 April 2024

National Bonds, a leading Sharia-compliant savings and investment company in the UAE, today announced another remarkable year marked by significant growth, consistent profit sharing for customers, and a relentless focus on profound customer engagement, as evidenced by the introduction of novel saving solutions and ongoing digitization efforts.

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