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Dubai Taxi adds 1.6k Arabia Taxi vehicles to Bolt platform
Dubai Taxi Company (DTC) and Bolt are expanding the supply of taxis available through ride-hailing amid rising demand, according to a press release. The two signed a partnership with Arabia Taxi to incorporate 1.6k of the latter’s taxis into Bolt’s platform for passengers in Dubai.
IN CONTEXT- DTC and Bolt announced their expansion into Abu Dhabi earlier this year, as part of DTC’s wider expansion drive after its AED 1.5 bn takeover of rival operator National Taxi. Bolt initially entered the UAE after a partnership with DTC back in 2024.
ADIB backs Glasgow logistics asset
Abu Dhabi Islamic Bank (ADIB) has provided an AED 133 mn shariah-compliant financing facility for a logistics warehouse in Glasgow, Scotland, according to a press release via Zawya. The five-year facility was lent to Blacksand and is the lender’s third facility for the Bahrain-based investment firm.
The asset: The 620.1k sq ft asset is a key distribution hub for one of the UK’s largest supermarket chains.
DP World taps Egypt’s Edecs to upgrade Tanzania’s busiest port
DP World tapped Cairo-based Edecs Group for a contract to redevelop seven operational yards at Terminal 1 of Tanzania’s Dar es Salaam port — a facility operated by DP World — as the gateway expands capacity to handle growing regional trade, according to a press release. The port handles over 90% of the country’s maritime trade and is a key hub for East and Central Africa.
The modernization is already showing up in container volumes. Terminal 1 handled a record 46.5k TEUs last month, compared with 13.7k TEUs in May 2024 — more than a threefold increase. The port’s annual throughput now stands at more than 30 mn tons.
Parkin heads to Egypt
Dubai-listed parking operator Parkin is entering the Egyptian market after inking an MoU to explore integrating its smart parking and mobility solutions into assets owned by Modon Misr for Asset & Facility Management, Mwasalat Misr, and Redcon Properties, according to a DFM disclosure (pdf). The partnership could see solutions like automatic number plate recognition, AI-enabled parking cameras, barrierless parking, digital permits, and parking management platforms deployed.
Any concrete move into Egypt would mark the parking operator’s first expansion outside the UAE. At home, it expanded into Sharjah this year and has been working on broadening its footprint across private developments, signing a five-year agreement late last year with Damac Properties to manage around 3.6k parking spaces across its portfolio in Dubai and Abu Dhabi.
