Ras Al Khaimah Economic Zone

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India’s GHV Infra to develop Rakez smart manufacturing hub
INFRASTRUCTURE- India’s GHV Infra secures contract for smart manufacturing hub in Rakez: Indian engineering and construction business Rana Group awarded India-based infrastructure firm GHV Infra Projects an AED 1.1 bn engineering, procurement, and construction (EPC) contract to develop industrial and commercial facilities at Rana’s Erisha Smart Manufacturing Hub in Ras Al Khaimah Economic Zone (Rakez), according to a press release (pdf). The project is scheduled for completion within two years, with an additional 90-day setup and mobilization period.About the hub: Backed by a USD 1 bn investment from a UAE-based entity, the 25 mn sq ft hub will focus on products used for the green transition such as semiconductors and renewable energy equipment, group Chairman Darshan Rana said in a post on LinkedIn. Rana Group tapped a subsidiary of the China State Construction Engineering Company as the main EPC contractor for the hub, which aims to attract USD 10 bn in investments.INS.-#1- DIFC-based expat advisory services provider Hoxton Wealth is making its first move into Asia with the acquisition of Malaysia-based Infinity Financial Solutions, a regional expat financial services firm founded in 2004, according to a statement. There’s no publicly available information about the size of the transaction. Hoxton provides financial planning, investment, ins., and expat advisory services across global markets including in the UAE, Europe, the UK, the US, South Africa, Australia, and Asia, and is eyeing Singapore as its next Asian market. The transaction adds USD 300 mn in assets under management (AUM) to Hoxton’s portfolio, bringing its total AUM to USD 3.3 bn. The firm targets USD 4 bn in AUM by year end. “We can now offer some medical ins. products in Asia — something we’ve never been able to offer before,” Hoxton’s CEO Chris Ball said.About Infinity: The firm provides expat clients with tailored advice to optimize investments, pensions, savings, and trusts, alongside international banking and ins. solutions. Its corporate unit supports companies with employee benefits such as group pensions and medical coverage, while also offering company formation, corporate ins., and risk management services.#2- AI12 sets up in DIFC: UK-headquartered specialist ins. and reins. broker AI12 received regulatory approval from the Dubai Financial Services Authority to operate out of the Dubai International Financial Center (DIFC), according to a statement. The move is part of its five-year growth strategy — Dubai’s strategic location will give the firm easier access to clients across different regions working in the aviation, aerospace, energy, marine, and complex property sectors, the statement read.FINANCIAL SERVICES-Abu Dhabi Islamic Bank is rolling out Visa’s new cross-border payment service, Remit, according to a press release. The platform, which is powered by Visa Direct, allows customers to send funds instantly to cards, digital wallets, and bank accounts.Visa has been active in the UAE: Our friends at Mashreq partnered with Visa in December 2023, granting its customers access to faster and more efficient money transfers across 44 markets in Europe, North America, and Southeast Asia via the Visa Direct Account feature. In February, Checkout.com rolled out Visa Direct’s push-to-card solutions in the UAE, enabling faster domestic and cross-border transactions.

Tuesday, 5 August 2025

THIS MORNING: GulfNav wraps bond sale to fund Brooge M&A play + SCA issues “goodwill” framework for public firms
Good morning, wonderful people. It’s only getting busier as the week drags on, and the first trickles of earnings season suggest it will keep getting busier… Today’s issue has a bit of everything — another acquisition from Mubadala, a report from Julius Baer listing Dubai as the seventh most expensive city in the world, Wizz Air shutting down its Abu Dhabi operations, and more. ALSO- Speaking of the most expensive city: Whoever among you is staying put in the summer and not joining the exodus to cooler destinations can enjoy the massive annual sale hitting malls as of next weekend — and lasting through to 10 August. This next Friday specifically will see all Majid Al Futtaim malls launch 12-hour sales with up to 90% off at some stores. (Friendly advice: Avoid the late afternoon and try to make it early in the morning before things get crazy). WEATHER- Dubai will see temperatures peak at 44°C today, with a warm overnight low of 35°C. Abu Dhabi is slightly cooler, with a high of 40°C and a low of 33°C under clear skies. For decades, Sahel has been synonymous with summer's embrace: clear waters, crisp breezes, and vibrant nights. Last year, Ras El-Hekma cast a spotlight on its potential as a regional investment and tourism engine.In the second issue of our Destination Sahel series, we’re digging deep into the infrastructure needed to support this evolution — and whether Sahel has a spot on the global tourism stage..Subscribe to our Egypt edition to get the second issue of our series EnterpriseAM Destination Sahel in your inbox today at 10am.UPDATE- #1- GulfNav wraps bond sale to fund Brooge M&A play: Maritime shipping company Gulf Navigation (GulfNav) closed its AED 500 mn mandatory convertible bond (MCB) issuance, which was oversubscribed by shareholders, it said in a filing (pdf) to the Dubai bourse. This comes nearly one month after subscriptions kicked off. The fresh paper, which will be converted into equity by Wednesday, 29 October, will help fund the banknote portion of GulfNav’s AED 3.2 bn acquisition of Nasdaq-listed Brooge Energy’s Fujairah-based oil storage businesses. The notes were priced at AED 1.1 each. The oversubscription signals solid shareholder backing for GulfNav’s pivot beyond maritime transport and into energy infrastructure. This is part of a broader cash-and-share swap that will eventually give Brooge shareholders a 63% stake in GulfNav, while handing the shipping company exposure to sectors that are more insulated from freight market cycles — namely oil storage and midstream logistics. What’s next? The firm plans to settle the rest of the transaction through the issuance of 359 mn new shares at a discounted AED 1.25 a piece, and AED 2.3 bn worth of convertible bonds to Brooge converted at the same rate, both subject to one-year lockups, according to the bourse filing. No second tranche will be opened, given as the full amount was raised in the first round, with final allocations due Tuesday, 22 July. GulfNav’s shares closed up 1.5% at AED 6.04 yesterday. ADVISORS- Gulf Navigation appointed Truss Bridge Advisory (DIFC) as its exclusive financial advisor, and Pinsent Masons as its lead counsel. Ibrahim & Partners Law Firm provided advice on the transaction structuring and related regulatory aspects. Emirates NBD was the lead receiving bank.WATCH THIS SPACE- #1- Goodwill, meet balance sheets: The Securities and Commodities Authority (SCA) has set out new rules recognizing goodwill as an intangible asset in publicly listed firms, according to a statement. Goodwill typically reflects non-physical assets like brand value or customer loyalty on the company’s balance sheet, often arising during acquisitions when a company pays more than the fair value of another’s net assets.The rationale: The move aims to enhance financial transparency, support accurate valuations, and bring the UAE’s regulatory practices in line with global norms.PLUS- A joint regulatory committee for UAE’s financial markets: The SCA also approved the formation of a joint regulatory committee — bringing together the Financial Services Regulatory Authority, Dubai Financial Services Authority, VARA, and independent experts — to review legislation and coordinate across the UAE’s financial watchdogs. The moves come as the SCA pushes to cement the UAE’s position as a globally competitive, innovation-driven financial hub.This comes following a record 1H: The SCA saw a banner 1H, with a 55% y-o-y jump in newly issued licenses and a 230% surge in total assets under management (AUM), driven by a sharp increase in local investment funds. Foreign fund registrations also rose 54% y-o-y, while sukuk and bond program values climbed 35% y-o-y. #2- Dubai’s Vara eyes gold and DeFi pilots: Dubai’s Virtual Assets Regulatory Authority (Vara) is looking to pilot digital asset schemes involving gold and decentralized finance (DeFi) products as it develops frameworks for emerging asset classes, CEO Matthew White told state news agency Wam.Tokenized real estate assets will soon become available on trading platforms, White said. So far, Vara’s ongoing pilot with the Dubai Land Department has listed two properties under a fractional ownership model, drawing around 700 investors — 70% of them first-time buyers in Dubai.In demand: Several hundred entities are currently at various stages of the licensing process with Dubai’s Virtual Assets Regulatory Authority (Vara), which has issued 36 full licenses to date, with global firms being among applicants. DATA POINT- Ras Al Khaimah Economic Zone (Rakez) registered around 8.5k new companies in 1H 2025, up 43% y-o-y, state news agency Wam reports. Most new businesses operated in consultancy, e-commerce, trading, F&B, and building materials.Indian investors made up the largest share of new registrations at 43%, followed by investors from Pakistan, the UK, Egypt, and the Philippines. Rakez now hosts over 35k active companies from more than 100 countries. THE BIG STORY ABROAD- In a big reversal of his foreign policy stance towards Russia, US President Donald Trump threatened 100% tariffs on Russian imports — along with fresh sanctions — if Russia does not end its war on Ukraine within 50 days — and pledged bns of USD of new weapons for Ukraine. (Bloomberg | Reuters | Wall Street Journal)Meanwhile, Trump is eyeing tomatoes and drones: The US will now be slapping Mexican tomatoes with a 17% tariff — separate from the 30% tariff on other imports from the country, while launching probes into drone imports, as well as imports of parts for unmanned aerial vehicles and for polysilicon, an important material for solar power. If the probes find that the imports are a threat to national security, new tariffs could be imposed. (Bloomberg | Reuters | New York Times) Across the pond, the EU has prepared a list of USD 72 bn worth of US goods it plans to target with countermeasures as a retaliation against the US’ 30% tariff on EU imports. This includes Boeing aircraft, automobiles, Bourbon, machinery products, chemicals and plastics, medical devices, electrical equipment, and wine. (Bloomberg) This comes as the EU’s lead negotiator, Maroš Šefčovič’s, warns of a “big gap” in trade talks with the US ahead of the 1 August deadline for the US’ reciprocal tariffs, the Financial Times reports. ALSO- Keep an eye out for Wall Street’s earnings season: Major US banks including JP Morgan, Wells Fargo, and Citigroup are due to report their 2Q 2025 earnings today, and while forecasts are positive, it will be interesting to see how they fared during a volatile period marked by the introduction of tariffs and fears of a recession. Get Enterprise daily The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox. Subscribe here ***You’re reading EnterpriseAM UAE, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We’re out Monday through Friday by 7am UAE time.EnterpriseAM UAE is available without charge thanks to the generous support of our friends at Mashreq. Tap or click here to get your own copy of EnterpriseAM UAE.Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on UAE@enterpriseAM.com .DID YOU KNOW that we also cover Egypt, Saudi Arabia, and the MENA climate and logistics industries?***

Tuesday, 15 July 2025

Flydubai breaks ground on USD 190 mn MRO hub in Dubai South
AVIATION- Budget carrier flydubai broke ground on its USD 190 mn aircraft maintenance, repair, and overhaul (MRO) facility in Dubai South, according to a statement. The facility — scheduled for completion in 4Q 2026 — will span 32.6k sqm and host an aircraft hangar, support workshops, and office buildings. The facility is set to bring “significant reductions in operational costs,” COO Mick Hills said. “Having our own in-country MRO facility will ensure a quicker turnaround of our fleet maintenance while adhering to the highest quality standards,” he said.Part of a larger strategy: Flydubai has been on a quest to secure catered MRO services for its growing operations in order to cut down on costs and reduce schedule disruptions due to repairs. In February, the airline inked a services agreement with Boeing that will see the latter provide tailored parts packages, including quick engine change kits for the airline’s 737 Max fleet.REFRESHER- Flydubai secured an agreement with Mohammed bin Rashid Aerospace Hub (MBRAH) in Dubai South to set up the purpose-built MRO facility back in November. MBRAH launched the first phase of its Aerospace Supply Chain zone in Dubai South in April, featuring 11 separate facilities tailored to support engine shops, solution workshops, and landing gear MRO services.#2- Air Arabia will launch a daily direct service between Sharjah and Prague starting 20 December, according to a press release. The route connects Sharjah International Airport with Václav Havel Airport Prague.#3- Etihad Airways is expanding its network with three new seasonal routes, with plans to fly to Kazan in Russia from December, Salalah in Oman from next May, and Krakow in Poland from June 2026, according to a press release.CONSTRUCTION- Dar tapped as engineer for Paris airport expansion: Sidara-owned Dar will oversee a five-year modernization program at Paris-Beauvais Airport under a contract with project commissioner SPV Bellova, according to a press release. The details: The project will include airside and landside upgrades, parking expansions, building renovations and equipment installations. The engineering firm's French subsidiary, Dar France, will audit designs, monitor construction quality and work on resolving any outstanding issues through to the end of the liability period.M&A- Knowledge Group acquires Biz Group: Abu Dhabi’s Knowledge Group, part of Nema Education, has acquired UAE-based Biz Group to scale up regional learning and consulting services, according to a press release (pdf). The transaction boosts Knowledge Group’s capabilities in digital learning, AI integration, and VR-powered training. No rebranding will take place post-acquisition for business continuity purposes, the statement read.Biz Group? Biz Group has over 30 years of experience providing corporate training to both public and private sector clients, and has worked with firms in the UAE, Saudi Arabia, as well as in the wider MENA region.REAL ESTATE-Reef launches AED 450 mn Dubai residential project: Reef Luxury Developments has launched Reef 998, a AED 450 mn residential project in Dubai Land Residence Complex, according to a press release (pdf). The 355.7k sq ft development on Hamdan Bin Zayed Road will include 323 residences, along with lifestyle amenities, and is slated for handover in 2Q 2028.A few AED bn to go: The developer is planning to deploy AED 14 bn over 30 upcoming projects by this December. The firm already launched its AED 175 mn Reef 1000 project, as well as its AED 300 mn Reef 999 development in Al Furjan earlier this year.BANKING- #1- ADIB to ease business banking for Rakez tenants: Ras Al Khaimah Economic Zone (Rakez) inked an MoU with Abu Dhabi Islamic Bank (ADIB) to facilitate opening bank accounts for its clients, according to a press release. The partnership provides access to business accounts, digital banking solutions, and financing options tailored for SMEs and startups. The bank will offer dedicated support to Rakez clients during account setup and ongoing operations.#2- Ajman Bank launched its first in-house point of sale (POS) and payment processing solution for business clients, in partnership with Dubai-based fintech VaultsPay, according to a statement. The system offers instant settlement, real-time processing, and fraud protection — and supports credit, debit, and prepaid card transactions, according to a separate press release. VaultsPay, licensed by the Central Bank of the UAE (CBUAE), will provide the back-end infrastructure for the co-branded platform.LOGISTICS-#1- Companies registered in Meydan Freezone will get preferential shipping rates and dedicated assistance for DHL’s services under an agreement with DHL, according to a press release. The tie-up looks to boost SME growth, particularly in the e-commerce, manufacturing, healthcare, and retail sectors, by facilitating cross-border trade, faster customs clearance, and automated tracking.#2- Sanad expands Leap engine overhaul capacity with GE and Safran: Mubadala-owned aerospace engineering and leasing solutions firm Sanad will expand its existing maintenance agreement with GE Aerospace and Safran Aircraft Engines to offer full maintenance, repair and overhaul (MRO) capabilities for LEAP-1A and LEAP-1B engines at its Abu Dhabi facilities, according to a press release (pdf). The expansion will see Sanad invest in tooling, equipment and infrastructure upgrades, and create 140 new jobs focusing on local talent. OIL AND GAS-Spain’s Ampo to provide valves on Adnoc’s USD 3.6 bn Meram: Spain’s Ampo Poyam Valves will supply 116 cryogenic valves for Adnoc’s USD 3.6 bn maximizing ethane recovery and monetization (MERAM) project, with delivery scheduled for this year and the next, Ampo said in a press release. The order includes large-format valves for use in extreme low-temperature conditions at the Habshan 5 gas plant to help extract ethane from natural gas.SOUND SMART- A cryogenic valve is specifically engineered to safely operate in low-temperature applications such as liquified natural gas (LNG). SPACE- Aspire Space partners with Leap71 on UAE-based launch systems: Luxembourg-founded Aspire Space partnered with Dubai-based engineering firm Leap 71 to develop a large reusable space launch vehicle capable of delivering up to 15 metric tons to low Earth orbit, according to a statement. The first launch is slated for 2030, with hot-fire testing of the propulsion system set to begin in 3Q 2026. Leap71 will design the propulsion stack using its proprietary AI model Noyron. Aspire is also relocating its core operations to the UAE as part of the agreement.

Thursday, 3 July 2025

MANUFACTURING | EnterpriseAM
Make it in the Emirates forum yields satellite manufacturing + raw material supply agreements
The second day of the Make it in the Emirates forum resulted in a raft of manufacturing-focused agreements, spanning satellite manufacturing, EV materials, and more. The first day also brought in a slew of agreements in manufacturing across several sectors like oilfield services, pharma, and agritech.Part of a larger push: The UAE is set to pump AED 40 bn (c. USD 10.9 bn) into its industrial base over the next five years, in a bid to grow the sector and localize supply chains.SATELLITE MANUFACTURING- Space42 and Adio partner to localize commercial SAR satellite production in Abu Dhabi: The Abu Dhabi Investment Office (Adio) has partnered up with spacetech firm Space42 to establish Space42 Space Systems, a facility that will design, assemble, and test SAR satellites for Earth Observation (EO), according to a press release (pdf).The details: The modular facility will be operated by Space42 and will manage the full assembly, integration, and testing lifecycle, from design to launch readiness. The facility localizes production of advanced EO satellites, marking the first time such capabilities are developed commercially in the region. It will allow the Emirates to independently access and export research and intelligence picked up by the satellite, and will serve as a base to scale up space infrastructure from Abu Dhabi.Sound smart: SAR satellites provide high-resolution imagery in all weather and light conditions and are used for national security, environmental monitoring, and disaster response.Space42 has been active this week: Its subsidiary Mira Aerospace opened a high altitude platform station manufacturing facility in Abu Dhabi’s Hameem area this week, with production slated for the second half of the year, Space42 Managing Director Karim Sabbagh told Wam. The 4.4k sqm plant aims to produce over 20 high-altitude drones annually. Space42 invested USD 10 mn of its own capital into the facility, CEO Khalid Al Marzouqi said in an interview with CNBC Arabia (watch, runtime: 3:24). The company plans to prioritize supplying the UAE market before expanding globally. Al Marzouqi said there is potential for a 50% capacity expansion in the next few years, contingent on domestic and international demand.IN CONTEXT- Space42 plans to launch partial satellite manufacturing in the UAE this year, with full-scale production starting in 2026. The company also partnered with SAR satellite specialist ICEYE earlier this year to support technology transfer and knowledge sharing, and inked an MoU with Edge’s space unit Fada in February to establish a joint venture focused on developing the Emirates’ first sovereign Earth Observation ecosystem.The UAE is on a satellite manufacturing streak: Orbitworks, a joint venture between Abu Dhabi’s Marlan and US-based Loft Orbital, is developing a 10-satellite Earth observation constellation equipped with onboard AI. The satellites will be manufactured and integrated at the company’s 50k sqft facility in Abu Dhabi’s Kezad. RAW MATERIALS + CHEMICALS-#1- H.B. Fuller sets up shop in Rakez: Global adhesives giant H.B. Fuller has opened a new 15k sqm facility in the Ras Al Khaimah Economic Zone (Rakez), marking a key step in its Middle East expansion, according to a press release. Located in the Al Hamra Industrial Zone of Rakez, the plant will manufacture high-performance adhesives and sealants for construction applications, with built-in flexibility for future scaling.Fast fact: The manufacturing sector now contributes around 30% of Ras Al Khaimah’s GDP, according to Rakez Group CEO Ramy Jallad.#2- Borouge taps Rox Motor to develop EV materials: Abu Dhabi-based Borouge has inked an agreement with Chinese luxury EV player Rox Motor to co-develop lightweight, recyclable polyolefin materials for sustainable vehicles, according to a press release.The details:The materials will be used in both exterior and interior auto components to boost energy efficiency and performance in various conditions, including desert terrain and urban environments. Borough will supply the polyolefins.#3- Adnoc Refining will supply Emirates Global Aluminum (EGA) with up to 1.5 mn tons of calcined petroleum coke (petcoke) under a AED 1.8 bn, five-year agreement, according to a press release.Petcoke? Petcoke is a primary raw material used in the aluminum production process, and Adnoc Refining will supply a minimum of 30% of EGA's annual calcined petcoke requirements from its Ruwais refinery to help boost aluminum exports and reduce reliance on imports.ALSO- Schneider Electric will deploy smart manufacturing solutions to help local industries improve operational efficiency, reduce emissions, and integrate into global supply chains under an agreement with the Abu Dhabi Investment Office (Adio), according to a press release. The company will deploy energy management systems to accelerate the industrial sector’s energy transition, and will also develop programs alongside Adio to train Emirati talent in digital and industrial skills, with co-funded training for graduates. Schneider Electric and Adio will also assist manufacturers in adopting smart factory technologies through Industrial Technology Transformation Index assessments and proofs-of-concept.

Wednesday, 21 May 2025

Azizi taps Saudi’s Bahra Electric to power Dubai developments
REAL ESTATE- #1- Saudi’s Bahra electric to power Azizi’s Dubai developments: Dubai-based Azizi Developments has partnered with Saudi electrical manufacturer Bahra Electric to supply electrical products for its projects in Dubai South, MBR City, Dubai Studio City, Al Furjan, Dubai Sports City, and Dubai Healthcare City, according to a statement #2- Emirates NBD’s REIT plans to rebalance its portfolio: Shariah-compliant real estate investment trust ENBD REIT, which is managed by Emirates NBD Asset Management, is planning to rebalance its portfolio by adding residential, retail, or education assets, the trust’s CEO Samir Kazi told Zawya. The trust’s current portfolio has 60% in office assets.ICYMI- ENBD REIT finalized the sale of its two Remraam residential towers in Dubailand last week, which accounted for 4% of its portfolio, to bring its debt down.CRYPTO-#1- FEG launches new platform for easy crypto tokens generation: Decentralized finance project Feed Every Gorilla (FEG) launched a new platform in the UAE that allows crypto investors to generate cryptocurrency tokens without the need for specialized developers, according to a statement picked up by Zawya. #2- Rakbank customers will soon have a digital asset management platform: The National Bank of Ras Al Khaimah (Rakbank) has partnered with investment and custody platform Bitpanda Technology Solutions to launch a digital asset management platform for the bank’s customers, according to a statement picked up by Zawya.ENVIRONMENT-Abu Dhabi’s Environment Agency and the UK’s Dendra launch habitat assessment program: Abu Dhabi’s Environment Agency (EAD) launched a terrestrial habitat assessment research program in partnership with the UK’s environmental tech firm Dendra Systems to study the condition of native plants in both protected and unprotected areas, according to an Abu Dhabi Media Office statement. This program allows EAD to track changes in the variety and spread of local plants, especially those affected by human activities.Progress so far: The program's initial phase saw 11k hectares covered in over six months, using AI technology and drones, and analyzing field data via a smart database. The program also includes a drone-based seed dispersal operation to support natural regeneration.ENERGY-Dewa issues tender for 2.5 MW electrolyser project: Dubai Electricity and Water Authority (Dewa) has issued a tender for the design, supply, installation, and commissioning of a 2.5 MW alkaline electrolyser project in efforts to increase its hydrogen production capacity, according to a notice (pdf) published on the authority’s website. The deadline for tender submissions is 18 September, but the project’s timeline and investment ticket were not provided.MOBILITY-India’s all-electric ride-hailing startup BluSmart plans to boost its fleet in the UAE to 150 EVs and 225 drivers by the end of the year, up from 30 EVs and 60 drivers currently, the company’s co-founder Anmol Singh Jaggi told the National. BluSmart has placed an order for 70 EVs, slated for delivery in October, Jaggi said. The company also targets growing its local market share to 10-15% over the next three years, Jaggi added.Remember- BluSmart plans to launch its services in Abu Dhabi, before tapping the Saudi market all within the next 12 months, Jaggi said. BluSmart officially launched in Dubai in June. SUSTAINABILITY-BeZero Carbon to offer carbon credit ratings for Emirates NBD clients: Emirates NBD partnered will work with UK-based carbon rating agency BeZero Carbon to conduct due diligence on projects for clients looking to offset their emissions, according to a statement. The bank will collect the science-based risk assessments of global carbon projects — including voluntary carbon credits markets — to provide a better picture to clients seeking to invest in green projects. FINTECH-#1- PayBy’s POS devices are in town: Astra Tech ’s e-payment subsidiary PayBy launched its own POS devices, with built-in features to generate direct payment links and QR codes, in the UAE, according to a statement picked up by Zawya. The move allows merchants to manage online and offline transactions on a single platform, instead of operating multiple payment systems, the company explained. INS.-Rakez launches new ins. program for its companies: Employees of companies registered at the Ras Al Khaimah Economic Zone (Rakez) will now benefit from a new ins. program provided by RakIns., according to a statement. A recent agreement between the zone and RakIns. will offer employees ins. coverage for unpaid salaries, end-of-service gratuity, repatriation costs, and work-related injuries, replacing a previous requirement of visa deposits.SPACE-Abu Dhabi discovers a new asteroid: The International Astronomical Center in Abu Dhabi discovered a new asteroid located in the Solar System’s asteroid belt, Wam reports. The discovery of the temporarily-dubbed 2022 UY56 asteroid was made at the Haleakala Observatory under a NASA-supported program involving Hardin-Simmons University, the Pan-STARRS telescope, and the Catalina Sky Survey project.TRADE-It’s a wrap for Dubai Multi Commodities Center’s US roadshow: The Dubai Multi Commodities Centre wrapped up its Made for Trade Live roadshow in the US cities of San Francisco and Denver, which focused on boosting US-UAE trade ties, the Dubai Media Office stated. The roadshow featured three events in partnership with Airtifae, San Francisco Chamber of Commerce, Bay Area Council, and key Denver economic bodies.

Tuesday, 20 August 2024