Category Archives: Business & Investments

Business & Investments

ADDED and Lubelskie to strengthen economic cooperation between Abu Dhabi and Poland

Abu Dhabi, 15May 2024:

The Abu Dhabi Department of Economic Development (ADDED) and the Local Self-Government of the Lubelskie Voivodeship, spearheading economic development in Lublin, Poland, have joined forces to foster robust economic ties and facilitate bilateral cooperation.

The Memorandum of Understanding (MoU), signed during a visit bysenior delegation from Abu Dhabi to Poland, signed between both partieswill bolster economic activities between the United Arab Emirates (UAE) and Poland, with a particular focus on the Emirate of Abu Dhabi and the Lubelskie Voivodeship. By leveraging their respective strengths and resources, both parties are committed to nurturing a conducive environment for entrepreneurship, trade expansion, and investment facilitation.

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Business & Investments

Abu Dhabi Ports Company PJSC Appoints Al Ramz as a Liquidity Provider

Abu Dhabi,  15May 2024:Al Ramz Capital LLC announced today its appointment, as a liquidity provider for Abu Dhabi Ports Company PJSC, an Abu Dhabi-listed leading facilitator of global trade, logistics and industry (ADX: ADPORTS). Following regulatory approvals, Al Ramz will commence independent trading of ADPORTS shares within specified parameters and in adherence to regulatory guidelineson16 May 2024.

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Business & Investments

EGA launches one of the region’s first digital manufacturing platforms to advance Industry 4.0 strategy

EGA launches one of the region’s first digital manufacturing platforms to advance Industry 4.0 strategy

 

Abu Dhabi, United Arab Emirates: 15 May 2024: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced the launch of one of the first digital manufacturing platforms in the region to unlock additional value through Industry 4.0 applications.

EGA developed the digital manufacturing platform with Microsoft as part of a strategic collaboration to progress EGA’s Digital Roadmap. The platform enables the integration of hardware, software, processes, and people throughout EGA’s global operations.

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Business & Investments

Al Ghurair Foods Breaks Ground on Broiler Farm in Abu Dhabi, part of AED1 billion investment agreement with KEZAD

Al Ghurair Foods Breaks Ground on Broiler Farm in Abu Dhabi, part of AED1 billion investment agreement with KEZAD

  • The broiler farm is part of aMusataha agreement signed with KEZAD for a 50-year land lease for three mega food processing projects involving investments of over AED1 billion
  • Once operational in 2025, the state-of-the-art facility will serve the UAE’s growing demand for high-quality and fresh poultry products
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Business & Investments

Financial Services Sector Trusted for the First Time Since the Global Financial Crisis

Financial Services Sector Trusted for the First Time Since the Global Financial Crisis

Research Shows Industry More Trusted in Developing Markets
Significant Gains for Banking and Insurance


New York, May 14: The global public’s trust in the financial servicessectorhasreached its highest level since 2012, according to the 2024Edelman Trust Barometer Supplemental Report: Insights for the Financial Services Sector. The research, released today, showed that 62 percent of respondents trust financial services companies to “do the right thing,” a 4 pointincrease from last year and, for the first time, narrowly earning the industry a rank in the “Trusted” category (60 percent or more). Globally, trust in the financial services sector now ranks at an all-time high in just over half of the countries surveyed, half of which are categorized as developing markets.

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