Category Archives: Business & Investments

Lootah Biofuels and Deasyl forge strategic partnership

Lootah Biofuels and Deasyl forge strategic partnership to innovate biofuel and glycerol valorisation manufacturing 

The companies announced signing an MoU, a first strategic step towards an expected JV, at a press conference held on the sidelines of the ADIPEC, where they are jointly exhibiting innovative processes and solutions for glycerol valorisation for biodiesel producers.

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MoU between the UAE Society of Engineers and the Ajman Municipality and Planning Department

Memorandum of understanding between the UAE Society of Engineers and the Ajman Municipality and Planning Department

Dubai, United Arab Emirates, 4 October 2023: The UAE Society of Engineers has signed a Memorandum of Understanding (MOU) with the Ajman Municipality and Planning Department, aimed at enhancing mutual cooperation efforts, exchanging expertise, and organizing meetings to advance the engineering sector and areas of common work.

The memorandum was signed on behalf of the department by Dr. Engineer Mohammed Al Muhairi, while Engineer Rashad Mohammed Bukhash, Secretary General of the Society, signed on behalf of the association.

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Luxury beverage retailer Royal Spirit launches concept store in Abu Dhabi

Luxury beverage retailer Royal Spirit launches concept store in Abu Dhabi

Royal Spirit, an innovative premium beverage retailer, is launching a first-of-its-kind concept store, that will offer discerning shoppers a luxury buying experience of a tastefully curated selection of some of the finest beverages from across the globe

October 4th, Abu Dhabi, UAE: Royal Spirit, an innovative premium beverage retailer and a subsidiary of reputed petroleum company D1 Global, is launching its luxury store in Abu Dhabi on October 5th. The concept beverage store, spanning over 3,500 sq ft, is a first-of-its-kind attempt to infuse affordable luxury into the experience of buying beverages. The soft opening will be followed by an official launch event towards the end of October. 

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Emireum Business Passport set to boost US$22.73 bn FDI into the UAE

As the new UAE Ministry of Investment gets ready, Emireum Business Passport set to boost US$22.73 bn FDI into the UAE

Emireum Business Passport offers a comprehensive business set-up package that comes with a Dh10,000 bonus credit to help new investors maximise gains across various service points, as the UAE intensifies efforts to boost FDI inflow

Date: Dubai, UAE; October 4, 2023

News Highlights

  1. Foreign Direct Investment (FDI) into the UAE recorded a 10 percent growth to US$22.73 billion – a record high for the country – compared to US$20.66 billion in 2021;
  2. Emireum Business Services Passport customers will receive Dh10,000 worth of credit to support new businesses across essential domains, upon availing a business set-up package from Emireum Business Services;
  3. The service is an overall time-saving, cost-effective, holistic support with expert guidance, compliance and assurance;
  4. The UAE has more than 750,000 active businesses that make up the private sector of the country;
  5. Cost of business license could range from as low as Dh3,500 (US$950) to Dh35,000 (US$9,500) for a General Trade License;
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Swisslog names Jens Schmale as new Chief Executive Officer

Swisslog names Jens Schmale as new Chief Executive Officer

Jens Schmale is next in line for Swisslog CEO as Antonio Trioschi announces upcoming retirement. Giulia Colombi to lead the EMEA region.

Dubai, UAE, 4th OctoberSwisslog, a member of the KUKA Group, is pleased to introduce Jens Schmale as its next CEO, effective 1 January 2024. Jens is currently CEO of Swisslog EMEA and brings a wealth of experience in the logistics sector to his new role.

Jens, 49, joined Swisslog in 2020 where he was responsible for the company’s AutoStore business unit until he took on the role of CEO of Swisslog EMEA in September 2021. Before Swisslog, he held several senior leadership positions with leading logistics providers.

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