Browsing: Investment

Dubai’s Roads & Transport Authority (RTA) achieves a milestone as 50% completion is announced for the Garn Al Sabkha-Sheikh Mohammed bin Zayed Roads Intersection Improvement Project. Spearheaded by Sheikh Mohammed bin Rashid Al Maktoum, the initiative involves constructing four purpose-specific bridges, covering 2,874 meters in total, designed to accommodate 17,600 vehicles per hour.

In the coming years, Romania is anticipated to tap into its considerable energy reserves in the Black Sea region, establishing itself as one of Europe’s major sources of sustainable energy for the continent. The energy potential of the Black Sea, combined with strategic connections to the EU, positions Romania as a potential energy hub.

EDGE Group, a prominent advanced technology and defence conglomerate based in the UAE, has declared the purchase of a 50 percent stake in Flaris, an innovative Polish aviation firm specializing in cutting-edge personal jet development. Both entities will establish a collaborative venture, providing EDGE with the opportunity to advance Flaris’ jet portfolio. This collaboration will leverage their combined expertise to enhance the aircraft’s features and operational capabilities.

Investcorp Capital, a Bahrain-based investment manager, has successfully raised AED 1.66B ($451M) through the sale of roughly one-third of its shares in an IPO on the Abu Dhabi Securities Exchange. The company, affiliated with Mubadala Investment Company-backed Investcorp, finalised the offering price at AED 2.30 per share, establishing a market capitalisation of approximately AED 5.04B at the time of listing.

Discover the dynamic world of Trescon’s Digital Acceleration & Transformation Expo (DATE) 2023, where innovation meets expertise, shaping India’s technological narrative. Featuring Hon’ble Minister Rajeev Chandrashekhar and visionary insights, this groundbreaking event, inspired by Prime Minister Narendra Modi, converges government bodies, enterprises, tech giants, startups, and global investors. Embrace the forefront of emerging technologies, gain actionable perspectives from over 100 global speakers, and contribute to India’s digital future on November 23-24 at the newly inaugurated Yashobhoomi (IICC Dwarka). Join us in nurturing India’s tech aspirations and scripting a new chapter in the country’s technological evolution.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has unveiled the Dubai Economic Agenda D33, a bold initiative designed to double Dubai’s economic size and position the city among the top three global metropolises within the next ten years. This comprehensive plan encompasses 100 transformative projects, targeting an impressive AED 32T in economic growth over the coming decade,

Abu Dhabi has invested over AED 12M in early-years projects within the past three years, as revealed by the emirate’s Early Childhood Authority (ECA). ECA has financially supported 18 projects, covering diverse subjects such as the influence of fathers in child development, language development in Emirati children, and reasons for school absenteeism. An awareness campaign has been initiated by the authority to promote a flourishing research culture and ecosystem, involving community events across Abu Dhabi, Al Ain, and Al Dhafra.