Browsing: Infrastructure

Business

Dubai Taxi Company Unveils IPO, Offering 24.99% Stake

Dubai Taxi Company is gearing up for an initial public offering (IPO), planning to offer nearly a quarter of its stake to investors. This move follows its establishment as a public joint-stock company under a new law by Sheikh Mohammed bin Rashid, aimed at expanding Dubai’s capital markets. The company is slated to offer 624.75 million shares on the Dubai Financial Market, enjoying financial and administrative independence.

Aviation

Emirates’ Dubai Flight Soars on Eco-Friendly Fuel

Emirates made history with its first flight powered by a blend of sustainable aviation fuel (SAF) from Dubai International Airport last month, a part of the airline’s sustainability efforts. Under a supply agreement with Shell Aviation, the flight to Sydney, EK 412, departed on October 24. Shell Aviation supplied 315,000 gallons of blended SAF to Emirates in Dubai, allowing the airline to operate multiple flights using this sustainable fuel.

Aviation

UAE’s EDGE Group Takes Control of ANAVIA

UAE’s EDGE Group has confirmed the purchase of a 52% controlling interest in ANAVIA, a Swiss firm known for its expertise in creating versatile vertical take-off and landing (VTOL) systems weighing up to 750 kilograms and their associated capabilities. This acquisition solidifies EDGE’s position as a leading player in this highly specialized field.

Business

Discover the Key Sectors and Activities at CTW Saudi Arabia 2023

Explore the dynamic world of construction and building at CTW Saudi Arabia 2023. Discover key sectors like construction materials, interior design, machinery, and HVAC solutions. Engage in seminars, networking, and business matchmaking. Mark your calendars for November 26-29, 2023, at Dhahran International Exhibitions Center (DIEC) in Dammam, Saudi Arabia. Unleash your potential in the industry. Register now!

Business

UAE and Jordan Enhance Investment Collaboration

The Ministries of Investment in the UAE and Jordan have inked a Memorandum of Understanding (MoU), establishing a framework for investment collaboration, particularly in critical sectors such as infrastructure and development projects. This agreement further bolsters the enduring strategic partnership between the two nations.

Business

The inaugural SuperBridge Summit Comes to an End

The 2023 SuperBridge Summit in Dubai showcased insightful discussions on Africa’s infrastructure projects, the dynamic landscape of venture capital, and the evolving role of digital assets in the world of finance. Experts from various fields came together to explore these critical topics, making it a truly remarkable event.