TRANSPORT-

Emirates Road gets AED 750 mn expansion: The Energy and Infrastructure Ministry has earmarked AED 750 mn to widen Emirates Road and improve traffic between the emirates, Wam reports. Construction is set to begin this September and will take two years to complete. It aims to reduce travel time on routes between Ras Al Khaimah, Umm Al Quwain, Sharjah, and Dubai by 45%.

The details: The work will start by expanding a 25 km section between Sharjah’s Al Badee Interchange and Umm Al Quwain to increase capacity to 9k vehicles per hour, up 65% from current levels. The road’s Interchange No. 7 is also set to be upgraded with six directional bridges — totaling 12.6 km.

INDUSTRIALS-

#1- New Dubai-China pact targets business expansion: Dubai Chambers inked an MoU with the China Machinery Industry Federation (CMIF) to strengthen industrial cooperation between Dubai and Chinese businesses, according to the Dubai Media Office. The agreement was signed on the sidelines of a Dubai Chambers roundtable attended by industry leaders from China.

Under the agreement, Dubai Chambers will assist Chinese manufacturers entering the Dubai market and CMIF will connect Dubai firms with Chinese partners. The MoU also creates structured support for cross-border industrial expansion and the two will also collaborate on trade shows, business delegations, and economic data sharing.

#2- UAE inks IP agreements with Spain, Morocco: The Economy and Tourism Ministry signed two MoUs to strengthen intellectual property (IP) cooperation in industry with Spain and Morocco, Wam reports. The agreements establish collaboration frameworks within the industrial sector, including on digital transformation, talent development, industrial property registration, and AI-driven patent search and classification processes.

ENERGY-

Enova and Schneider Electric team up: Enova, Majid Al Futtaim’s and France’s Veolia’s energy services JV, has partnered with Schneider Electric to deploy integrated energy solutions across the region, according to a press release. The tie-up will see the two help businesses integrate renewable energy and smart technologies, including Schneider’s EcoFit and EcoCare programs, into their operations.

INVESTMENT-

Adio-EFOA agreement targets global family offices: The Abu Dhabi Investment Office (Adio) and the Emirates Family Office Association (EFOA) signed a strategic agreement to attract and facilitate global family offices and ultra-high-net-worth individuals’ entry to the emirate, according to a statement.

Under the partnership, Adio will support investors with market entry, licensing, and integration, while EFOA will identify potential investors, facilitate connections, and develop sector-specific investment plans. The agreement also covers joint roadshows, private forums, and regulatory collaboration to expand Abu Dhabi’s wealth management infrastructure.

BANKING-

National Bonds adds RakBank to Al Manassah sukuk platform: Shariah-compliant savings and investment firm National Bonds onboarded the National Bank of Ras Al Khaimah (Rakbank) to its sukuk trading platform, Al Manassah, according to a press release.

About Al Manassah: The fully automated digital investment platform facilitates 24/7 trading of Mudaraba-based sukuk for licensed financial institutions, and has processed AED 199 bn in transactions since it started in 2013. United Arab Bank joined the platform last year, and Al Manassah’s network currently includes 13 financial institutions and banks.

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