Dubai: Al Ansari Financial Services – which operates the UAE’s biggest remittance network – has won regulator approval to launch a ‘digital wallet’ service. The company, listed on DFM, has been making a determined push into digital services when it comes to financial transactions, and the digital wallet launch fits in with that.
Category: Business
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Emirates and Boeing Forms New Partnership for Advance Aircraft Maintenance
DUBAI- Emirates (EK) and Boeing have entered into a Memorandum of Understanding (MoU) to harness advanced digital technologies and expedite enhancements in maintenance operations.
The collaborative efforts will concentrate on various crucial areas, including drone-assisted aircraft inspections, refining the precision and efficiency of maintenance tasks through virtual and augmented reality, and the implementation of next-generation prognostic and predictive maintenance.
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Sustainable construction could turn the Gulf’s $2 trillion construction boom into 4.3 million annual jobs and reduce emissions by 60%
With the upcoming COP 28 set to be hosted in the United Arab Emirates, and as the region intensifies its focus on its net-zero targets, sustainability-focused construction technologies are poised to play a crucial role. According to the latest research by Strategy Middle East, part of the PwC network, and the planning, design, management and consultancy (Dar), sustainability-focused construction technologies could help the MENA region’s $2 trillion construction surge reduce lifecycle emissions by 50-60%.
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UAE’s Tabreed posts rise in third-quarter revenue on higher demand
The National Central Cooling Company, better known as Tabreed, reported a 10.5 per cent rise in third-quarter revenue, driven by new connections and higher demand from existing customers.
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Indian Institute of Technology Delhi Abu Dhabi launches inaugural academic programme
The Indian Institute of Technology Delhi Abu Dhabi (IIT-Delhi Abu Dhabi), the first international campus of the highly acclaimed IIT-Delhi, has launched a master's programme in Energy Transition and Sustainability (ETS) at Zayed University.
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Tristar Group launches second solar project in Dubai in partnership with TotalEnergies
Tristar Group has inaugurated a second solar power project in Dubai, with a capacity of 464 kilowatt peak (kWp), at its specialised warehouse facility inside Jebel Ali Free Zone (JAFZA). This is the second project launched by the company since 2021, in partnership with TotalEnergies.
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Dubai Taxi announces its intention to float on Dubai Financial Market
Dubai Taxi Company announced today its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).
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Mohammed bin Rashid issues Law on ‘Dubai Taxi Company
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (21) of 2023 pertaining to ‘Dubai Taxi Company’.
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ADNOC Drilling and Alpha Dhabi to establish strategic partnership
ADNOC Drilling Company PJSC (ADNOC Drilling) and Alpha Dhabi Holding PJSC (Alpha Dhabi) have agreed to establish a strategic investment joint venture (JV) to invest up to AED 5.5 billion ($1.5 billion) to acquire technology-enabled companies in the oilfield services (OFS) and energy sectors.
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New Khalifa Fund initiative to provide up to $545,000 for Emirati entrepreneurs
The Khalifa Fund for Enterprise Development has unveiled a new programme that will provide up to Dh2 million ($545,000) in funding to support Emirati entrepreneurs as part of efforts to promote long-term economic stability and job creation in Abu Dhabi, its chief executive said.