STARTUPS-

Dubai-based sustainable sailing club Wind Rises secured USD 1 mn in pre-seed funding from angel investors, according to a press release. The investment will be used to expand the fleet, improve services, offer lessons and local races, expand the community, and open a second location in the UAE.

About Wind Rises: Wind Rises, an eco-friendly club utilizing wind and water-powered boats with 10 emission-free keelboats, aims to cultivate vibrant sailing communities while lessening environmental harm. It has attracted over 1k visitors in Dubai since its 2023 launch, aiming to make sailing more accessible with affordable experiences.

SUSTAINABILITY-

Dubai-based decarbonization firm Positive Zero and France’s Schneider Electricwill ramp up the adoption of clean energy technologies in the UAE and Oman, after inking an MoU, according to a press release (pdf). The agreement will see the two companies cooperate on distributed microgrid projects, clean mobility solutions, energy efficiency, and sustainability.

Fast facts: The global energy-as-a-service market is expected to cross USD 112 bn by 2030 on the back of a heightened adoption of distributed energy resources and green solutions, the press release adds, citing SkyQuest Technology. American multinational investment firm BlackRock pledged a USD 400 mn investment in Positive Zero in December 2023.

LOGISTICS-

DP World opens five new offices in Egypt: Emirati port operator DP World has set up five offices across Egypt, in Cairo, Alexandria, Cairo Airport, Sokhna, and Beni Suef, according to a statement picked up by Al Borsa. The company has plans to set up more offices in Egypt in the coming months in response to a growing market in Egypt for logistics services, said DP’s Egypt country manager Urs Moll said in the statement.

FINTECH-

Fils is integrating KSA’s Cashin to its network of merchants: Saudi-based merchant platform Cashin has partnered with Dubai-based software development company Fils to integrate Fils’ payments platform into Cashin’s network of merchants in Saudi Arabia, a press release reads.

GAMING-

Mobile game publisher Tamatem Games is relocating its headquarters to Abu Dhabi, according to the Abu Dhabi Media Office. The Jordan-based company will employ 40 people at its Abu Dhabi office, the statement reads.

TELECOMS-

e& + Ooredoo to connect UAE-Qatar data centers: Telecoms giant e& will partner with Qatar’s Ooredoo Group to land the Gulf Gateway Cable system, linking data centers in Abu Dhabi with those in Doha, according to a press release. The system will improve data connectivity in the two capital cities, providing both telco customers with high-speed internet services that can go up to 28 terabits per second “with optimal cost and power efficiency per bit.”

AVIATION-

Bayanat arm to help develop India’s unmanned pseudo satellites: Mira Aerospace — a JV between geospatial services provider Bayanat and unmanned system developer UAVOS — will collaborate with Indian aerospace firm VEDA Aeronautics to develop high altitude pseudo-satellites (HAPS) for the Indian market, according to a press release. The HAPS platform is set to be delivered by 1H 2024 and will be offered to both the military and civilian markets in India. The satellites are expected to operate at an altitude of 18 km for a minimum of 30-45 days and will initially be deployed over the Indian borders to monitor them.

SOUND SMART- High-altitude pseudo-satellites are unmanned flying aircraft systems, typically powered by solar energy. The aircraft are developed to serve as high-altitude surveillance and communications platforms.

INVESTMENT-

Al Yamuna Densons pours AED 35 mn into RAK-based facility expansion: Indian power cable joining kits manufacturer Al Yamuna Densons is investing AED 35 mn to up the total area of its facility in Ras Al Khaimah’s Al Hamra Industrial Zone to 15k sqm by May, reports Wam. The investment includes AED 20 mn for construction and AED 15 mn for machinery.

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