UAE-based Masdar, Abu Dhabi Future Energy Company, just opened its third United Kingdom-based wind farm. This brings the combined power generating capacity of all three projects there to 1 gigawatt, the equivalent of powering around 1 million homes.
United Arab Emirates Tender and Business News
UAE-based GlamBox Middle East, a major player in the beauty subscription e-commerce market, has been acquired by a consortium of investors based in Saudi Arabia.
Bahrain Cinema Company and Majid Al Fautaim, a major shopping mall, communities, retail and leisure developer across the Middle East, Africa and Asia, have formed a joint venture which just opened The IMAX Experience® to VOX Cineco at City Centre Bahrain.
ME-IPG, an Intellectual Propety group comprised of Japanese companies and organized by JETRO Dubai to stem counterfeiting in the Middle East, recently signed an MoU with the EIPA regarding IPR protection endeavors throughout the UAE.
Minerals Circles Bearings (MCB), a distributor of bearings in the UAE, is moving its business development road show to Cote d'Ivoire and Nigeria, in seearch of potential new opportunities for foreign direct investments.
Thuraya Telecommunications Company, based in the United Arab Emirates, just announced the launch of a new high-quality Voice over IP (VoIP) service, under the brand name Thuraya Talk.
The United Arab Emirates has just launched "Dubai CommerCity", the first free zone dedicated to international e-commerce in the MENA region. It is located in the Ummm Ramool area.
Mubadala Investment Company, a sovereign wealth fund of the Government of Abu Dhabi, UAE that specializes in buyout investments, is opening a venture capital arm with a dedicated investment team to be based in San Francisco, California - the first Mubadala office in the United States.
UAE-based Etihad Airways has selected IBS Software (IBS) of India's iCargo cargo management solution for its shipping and logistics business.
Lancer Skincare, a luxury cosmetics brand headquartered in Beverly Hills, California, is partnering with Apotheca Beauty, a privately held distributor in the Middle East which focuses on luxury brands from around the world.
The Roads & Transport Authority (RTA) in UAE has installed smart signs capable of detecting and displaying the driving speed and sending direct friendly messages to the drivers through expressive emoticons such as WhatsApp emojis.
The UAE's Minister of Climate Change, His Excellency Dr. Thani Ahmed Al Zeyoudi, recently unveiled the Mohammed bin Rashid Initiative for Global Prosperity at an interactive session on Innovation and Technology during the United Nations General Assembly (UNGA 72) in New York.
A consortium led by ACWA, a diversified energy company based in Riyadh, Saudi Arabia, won the contract for the fourth phase of Dubai's Mohammed Bin Rashid Al Maktoum Solar Park, by far the largest single-site CSP plant in the world. It will also set a global record for the lowest renewable energy cost without subsidies or carbon credits.
Australian flag carrier Qantas and United Arab Emirates (UAE)-based airline Emirates has extended their partnership for another five years, making changes to reflect customer demand, new aircraft technology and each airline’s respective network strengths.
One of the largest banks in the UAE, Mashreq Bank, has signed contracts to have Georgia-based NCR Corporation revamp its banking services with a variety of different hardware and software technologies from NCR.
Rehlat, an online travel company which started business only two years ago in Kuwait, has become one of the major regional players by focusing on two things most others miss: an emphasis on unique local offerings and the availability of multiple localized payment systems.
Michigan-based Federal-Mogul Motorparts (www.FMMotorparts.com), a division of Federal-Mogul LLC, has signed Dubai-based Rolman World as a major distributor for its product lines throughout the Middle East and Africa.
The Dubai Future Foundation just announced it is accepting applications to join the third cycle of its flagship Dubai Future Accelerators program. The program focuses on building partnerships and developing regulatory friendly environments that support deep technology start-ups with the potential to radically improve the world.
Kenya's Java House Group, a Nairobi-based coffee shop and casual dining chain, has just signed off on a definitive agreement to be acquired by the Dubai-based Abraaj Group, a major investor operating in growth markets around the world.
Dubai-based Thuraya Telecommunications Company is moving into Machine-to-Machine remote terminal telecommunications with the launch of its new high-volume, high-throughout Thuraya IP M2M service.
The Government of Oman has chosen UAE-based DAMAC International, a major developer of luxury properties, to develop its Port Sultan Qaboos into a world-class, waterfront mix use destination through a joint venture with Omran, the government's investment, growth and development arm.
VLCC Group, a weight loss solutions plus hair and skin treatment company headquartered in Dubai, United Arab Emirates, with an existing presence in Nairobi, just announced announced its plans to expand -- via franchise -- throughout a number of African countries.
Dubai-based Access Power, in partnership with EREN Renewable Energy (www.EREN-Groupe.com), a global independent power producer, just announced three recipients of its US $7 million Access Co-Development Facility (ACF), a funding and support platform for renewable energy projects in Africa.
Canadian Solar of Guelph, Ontario, won a contract as the sole module supplier for the first phase of the 800 MW Muhammed bin Rashid Al Maktoum Solar Park (DEWA Project) in Dubai.
Abu Dahbi's renewable energy company, Masdar, and one of the larger environmental management companies in the United Arab Emirates, Bee'ah, have formed a joint venture, Emirates Waste to Energy Company (EWEC) to develop and deploy waste-to-energy plants throughout the Middle East.