BANKING-

Mashreq recruits Mo Salah for new campaign: Our friends at Mashreq partnered with Visa to launch a new campaign featuring football icon and Visa’s brand ambassador, Mohamed Salah, for Mashreq Visa Cards in the UAE, according to a statement.

ENERGY-

The UAE welcomed three new clean energy technology companies to its NextGenFDI program, Wam reports. The companies, based in the US and China, specialize in advanced energy storage and generation solutions. They include:

  • Enerflow, an expert in vanadium flow battery technology, extending battery life for clean-energy storage;
  • HyGreen Energy, a developer of water electrolysis hydrogen equipment for industries such as steel and petrochemicals;
  • Enpower Greentech, a producer of solid-state batteries, created in collaboration with automotive and eVTOL companies.

About NextGenFDI: Launched in 2022, the initiative aims to attract global high-tech firms in ICT, healthcare, and advanced manufacturing sectors to the UAE. The program offers fast-track setup and licensing, visa issuance, and access to financial services.

INVESTMENT-

Dubai-based investment platform Stryde launched as the first regulated private-market investment service in the Mena region, according to a press release. It aims to increase access to private equity and venture capital investments for both retail and institutional investors, with a minimum investment requirement of USD 1k.

TRANSPORT-

#1- DFM-listed Dubai Taxi Company partnered with Bolt to introduce an e-hailing platform in Dubai, marking Bolt's entry into the UAE market, according to a press release (pdf). That will give Bolt access to the AED 6 bn taxi and ride-hailing market in Dubai. Bolt has also expanded to Saudi Arabia and Egypt.

#2- Dubai’s Roads and Transport Authority is expanding its fleet with 76 new Volvo double-decker buses in an agreement with Malaysian manufacturer Gemilang Coachwork (GML) and UAE distributor Al-Futtaim Auto & Machinery Company, according to a GML statement. The delivery contract was signed earlier this month and includes Volvo BZL electric buses.

INFRASTRUCTURE-

Etihad Water and Electricity (EtihadWE) has completed the installation of smart meters for all its customers, with 40% currently integrated into the company’s smart systems, Wam reports. EtihadWE plans to achieve full integration by the end of next year, ahead of its original target set for 2026.

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