DEBT-

Masdar secures A1 credit rating upgrade from Moody’s: Renewables giant Masdar has been upgraded to an A1 credit rating by Moody’s, with a stable outlook, according to a post on X. The upgrade, up from a previous A2 rating, comes on the back of strong backing from the Abu Dhabi Government and shareholders as the company pursues its 100 GW renewable energy capacity target by 2030.

INFRASTRUCTURE-

RTA invests AED 786 mn in Dubai Islands to Bur Dubai project: Dubai Roads and Transport Authority (RTA) awarded an AED 786 mn (c. USD 214 mn) contract for the road construction project linking Dubai Islands and Bur Dubai side, according to a statement, which did not clarify who will be handling the project.

What we know: The project includes a 1.4k meter bridge consisting of four lanes, which will be built over Dubai Creek and have a total carrying capacity of 16k vehicles per hour in both directions. The project falls under the RTA’s Shindagha Corridor Development Project — which looks to develop 15 intersections over a 13km stretch in Dubai. The initiative will serve several key development projects including, Deira Waterfront, Dubai Maritime City, and Port Rashid. The project is set to save an estimated AED 45 bn over 20 years, capping travel time to just 16 minutes, RTA chairman Mattar Al Tayer added.

BUSINESS-

Argella relocates headquarters to Dubai: London-based advisory and technology firm Argella has moved its headquarters from London to Dubai, establishing a new entity in the Meydan Freezone, the company said in a statement. The relocation comes amid the accelerating global focus on AI, data, and digital transformation, the statement said, adding that the choice of Meydan was due to the freezone’s “progressive, business-friendly framework” and its proximity to clientele from different regions.

CRYPTO-

WEEX expands to UAE: Cryptocurrency trading platform Weex has opened its headquarters in Dubai, according to a press release. The Dubai office has over 600 employees with plans to hire 50 more over the next two years to support local operations and expand the company’s services, Vice President Andrew Weiner said.

The next steps: The platform, which boasts some 6.2 mn users bringing in a daily trading volume of USD 5 bn as well as its own crypto token, is seeking a regulatory license from the Dubai’s Virtual Assets Regulatory Authority and aims to continue its expansion in the Middle East and North Africa, the statement read.

HEALTHCARE-

RPM and Falcon Aviation sign MoU to launch air ambulance service in UAE: UAE healthcare service provider Response Plus Medical Services LLC (RPM) has inked an MoU with UAE-based aviation support services company Falcon Aviation Services to introduce the UAE’s first air ambulance service, RPM said in a press release. The collaboration aims to provide transport for patients in need of critical care abroad and return them to the UAE after treatment.

AI-

Edge Group’s Beacon Red has signed an MoU with UAE-based data analytics company Presight AI to co-develop advanced security technologies, according to a statement (pdf). The partnership will use omni-analytics to explore AI-driven projects for smart cities, digital transformation, and advanced security systems, targeting strategic global markets, including Latin America.

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