Author: Mahdeehassan

RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– 500 Global, a multi-stage venture capital firm, and Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announce the ninth batch of the Sanabil Accelerator by 500 Global. This new cohort aims to foster innovation and drive growth across various sectors, including AI, Fintech, Edtech, Climate Tech, SaaS, and Proptech. Out of 850+ applications received, nine promising companies have been selected for their potential to drive innovation and address critical market needs. Demo Day will take place on Wednesday, July 2, 2025, at Sanabil Hub in Riyadh, with a curated group from the…

ABU DHABI– LivNSense™ Digital Corporation (a group company of LivNSense GreenOps Private Limited) with its key focus on Sustainability, driven by its flagship platform, GreenOps™ is pleased to announce entering a Memorandum of Understanding with SIGMA ENTERPRISES COMPANY LLC (part of Mazrui Energy Services) for working collaboratively in addressing the needs of manufacturing industry in UAE, with key focus in energy efficiency, safety and environment sustainability. LivNSense announced the MoU at Sigma HQ in Abu Dhabi 2025 to address the critical needs of the industry in the UAE for transition towards Carbon Neutrality. The United Arab Emirates has announced the UAE Net…

DUBAI, UAE: IFFCO Group, the leading FMCG multinational company headquartered in the UAE, released its third annual Environmental, Social and Governance (ESG) Report, marking a significant year of progress across operations, sourcing and packaging. The 2024 report reflects IFFCO Group’s transition from planning to delivery, backed by the launch of its Sustainability Strategy 2030. The strategy introduces 9 ESG programmes aligned with best global frameworks, including Climate targets in line with the Science Based Targets Initiative (SBTi) standards. Each programme is supported by three and six-year roadmaps, KPI’s, and financial commitments, to ensure delivery and clear accountability across business functions. Key…

Abu Dhabi, UAE – Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has launched its inaugural flight to Gabala from Abu Dhabi. Wizz Air Abu Dhabi is the first and only airline to connect Gabala with the UAE. This significant milestone not only reinforces the airline’s regional expansion by adding a second airport in Azerbaijan to the WIZZ map after Baku, but also makes it the only ultra-low-cost carrier currently operating between Azerbaijan and the UAE capital. The launch reaffirms Wizz Air Abu Dhabi’s mission to offer affordable, reliable, and smart travel options for all, while creating a…

The United Arab Emirates, represented by the Ministry of Finance, participated today in the 46th session of the Ministerial Council of the OPEC Fund for International Development (OFID), held in Vienna, Austria. The UAE delegation was headed by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and included Thuraiya Hamid Alhashmi, Director of the International Financial Relations and Organisations Department at the Ministry of Finance and Governor to the OPEC Fund for International Development, and Hamad Issa Al Zaabi, Director of the Office of the Minister of State for Financial Affairs and Alternate Governor to the…

Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, has announced strong year-on-year growth across its glass manufacturing portfolio under Glass LLC, with total production surpassing 14.8 million square meters in 2024. This milestone reflects the company’s sharp focus on innovation, sustainability, and expanding demand driven by regional mega projects. Glass LLC, a wholly owned subsidiary of Dubai Investments, consolidates the Group’s glass-related operations and currently comprises three core entities: Emirates Glass (EG), Emirates Float Glass (EFG), and Saudi American Glass (SAG). With a strong regional footprint and vertically integrated capabilities, these companies cater to a wide spectrum of…

SBC Summit 2025 introduces a Latin America & Brazil track, further aligning its conference strategy with the global nature of the event, which is set to welcome 30,000 attendees from around the world this September. The track will form part of the Global Markets stage, which was introduced this year alongside the Emerging Markets stage to spotlight some of the industry’s hottest regions as well as those that deserve early attention from industry stakeholders. The decision to include a dedicated track builds on the remarkable 126% surge in Latin American attendance in 2024, reinforcing the event’s position as the go-to destination for professionals seeking to engage with…

The Bahrain Institute for Pearls and Gemstones (DANAT) has officially announced the launch of its “DANATi” membership programme, a tailored initiative designed to enhance customer experience and expand access to its world-class services. The programme is set to offer a host of exclusive benefits to individuals and corporates involved in the pearls, gemstones, and fine jewellery industries. This strategic move underscores DANAT’s continued commitment to providing an elevated experience for its diverse clientele. The DANATi programme is structured into three progressive membership tiers—Silver, Gold, and Platinum—each carefully crafted to deliver increasing levels of value, exclusivity, and engagement. Each membership tier…

Dubai, UAE: Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth more than AED 450 million to Naresco Contracting LLC for the main construction works of a high-end residential development called Central Park Plaza. This latest addition to City Walk, Dubai’s prominent lifestyle destination, is slated to be handed over in Q3 2027. Set amidst lush green landscapes, the project showcases two striking towers designed to elevate luxurious urban living within a genuine park lifestyle community. Tower A and Tower B rise to 23 and 20 floors, respectively, offering a total of 212 meticulously crafted one-,…

Dubai, United Arab Emirates: Emirates Central Cooling Systems Corporation PJSC (Empower), the World’s Largest District Cooling Services Provider, announced the awarding of the excavation and foundation works contract for a new district cooling plant in Al Sufouh 2 area. This initiative is part of its expansion plans to meet the growing demand for environmentally friendly district cooling services in Dubai. Empower stated that the excavation work has already started this month, while construction is scheduled to begin in the fourth quarter of 2025. This plant will be the first in a series of three future plant rooms that Empower plans to…