Category Archives: Business & Investments

Business & Investments

Titan Lithium to Set Up AED 5 Billion Lithium Processing Plant in KEZAD

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Titan Lithium to Set Up AED 5 Billion Lithium Processing Plant in KEZAD

The 290,000 sqm plant will process battery-grade Lithium for EV vehicles in Abu Dhabi

Abu Dhabi, UAE – 13 February 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art lithium processing plant in Khalifa Industrial Area (KEZAD Al Ma’mourah).

To be developed in three stages with AED 5 billion in investment by Titan Lithium, the plant will produce battery-grade lithium carbonate and lithium hydroxide for battery makers and electric vehicle OEMs around the world. Spanning over 290,000 square metres, the plant represents a critical turning point in the UAE’s development as a key force in the worldwide lithium processing market.

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Business & Investments

During his Participation in World Governments Summit in Dubai

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During his Participation in World Governments Summit in Dubai

Prime Minister of Egypt Witnesses ITIDA and Mashreq Global Network Agreement to Expand Operations in Egypt

Dubai, UAE – February 13th, 2024: Today, Dr. Mostafa Madbouly, the Prime Minister of Egypt, witnessed the signing ceremony of a cooperation agreement between Egypt’s Information Technology Industry Development Agency (ITIDA) and Mashreq Global Network on the sidelines of his participation in the 2024 World Governments Summit in Dubai.

The agreement aims to expand the business services of Mashreq Global Network’s center in Egypt. The ceremony was attended by Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology.

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Business & Investments

Presight and Samruk-Kazyna Sign Agreement with Kazakhstan’s Ministry of Digital Development

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Presight and Samruk-Kazyna Sign Agreement with Kazakhstan’s Ministry of Digital Development to build an Advanced AI Supercomputer in Kazakhstan

DUBAI, UAE, February 13, 2024: In a landmark initiative, Kazakhstan’s Ministry of Digital Development, in collaboration with Presight, a G42 company, and Samruk-Kazyna, the Sovereign Wealth Fund of Kazakhstan, have announced the development of a state-of-the-art AI supercomputer and data center cluster to enable the country’s digital transformation initiatives. This agreement marks the first project under the newly established Samruk-Kazyna-Presight joint venture, aiming to lay the foundation for the country’s national AI digital infrastructure.

The agreement, announced at the World Governments Summit in the presence of H.E. Suhail Mohamed Al Mazrouei, UAE’s Minister of Energy and Infrastructure, is part of a Memorandum of Understanding signed with the UAE Ministry of Investments.

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Business & Investments

CEO Clubs Marks 18 Years of Excellence in the UAE

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CEO Clubs Marks 18 Years of Excellence in the UAE

Dubai, UAE – February 7, 2024: CEO Clubs celebrated a significant milestone as they marked 18 years of excellence on February 7th, 2024, at the Metropolitan Hotel in Dubai. The esteemed event was graced by the Patron and Royal Family Member, His Highness Sheikh Juma Bin Maktoum Juma Al Maktoum, alongside 70+ members including global leaders, diplomats, VIPs, and esteemed guests.

Reflecting on the journey spanning nearly two decades, CEO Clubs commemorated moments of family, leadership, global connections, business opportunities, friendship, learning and vision. Dr. Tariq Nizami, Founder & CEO of CEO Clubs Network, reminisced about the organization’s inception in 2006, highlighting pivotal milestones such as EXPO2020, COP28, Burj CEO Awards, and more. Dr. Tariq passionately stated, “As we reflect on our 18-year journey, we stand proud of the transformative impact CEO Clubs has had on fostering global connections  and business excellence.”

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Business & Investments

Breakbulk Middle East opens with massive industry participation 

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Breakbulk Middle East opens with massive industry participation 

The in-person event received the support of leading industry players, and aims to elevate the region’s breakbulk and project cargo sector

Dubai, United Arab Emirates – 13th February 2024: Held under the patronage of the UAE Ministry of Energy and Infrastructure, the 2024 edition of Breakbulk Middle East opened its doors at the Dubai World Trade Centre. Registering an increase in visitors, the region’s leading breakbulk and project cargo event witnessed strong interest from industry professionals. The massive participation also indicated the industry stakeholders’ keenness to be a part of a well-knit network that has been instrumental in fuelling the growth of the sector in the past few years.

In addition to reuniting the sector under one roof, the event’s agenda is strategically prepared to reinforce the growth of the sector, and bolster the region’s economy. Day one of the exhibition and conference incorporated discussions on opportunities that lie in the MENA region, most significant projects in the pipeline, latest trends, potential to tap into new markets, and digitalisation.

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