EVs-

Volt to acquire electric trucks from Mullen: UAE-based commercial leasing company Volt Mobility will purchase 3k electric cargo trucks and vans over a timeframe of 16 months for USD 210 mn from US-based EV manufacturer Mullen Automotive, according to a press release. Under the purchase agreement, Volt will make a USD 3 mn deposit within 60 days for Mullen’s Class One and Class Three models, with further payments made upon the delivery of the vehicles. The first batch of vehicles by Mullen are set to be delivered immediately, the statement said, without providing further details.

The details: Volt aims to lease these vehicles to corporate customers in the Middle East and the GCC region, including its clients UPS, DHL, and FedEx, according to the statement. Mullen’s Mississippi facility — which can produce 20k Class 1 and 6k Class 3 vehicles annually — will assemble Volt’s order to the region, it added.

REAL ESTATE-

#1- Ex-Emaar executive launches a new real estate player in Dubai: Former group CEO of Emaar Abdulla Lahej launched a new real estate company in Dubai dubbed Amaal, according to a statement picked up by Zawya. Amaal will be grouped under the conglomerate Ayana Holding, which is co-founded and chaired by Lahej.

#2- India’s L&T to supply MEP isolators for Azizi projects: Dubai’s real estate developer Azizi Developments has partnered with Indian conglomerate Larsen & Toubro (L&T) to procure MEP isolators for its projects, including Azizi Venice, Azizi Vista, Azizi Central, Riviera, and Creek Views III, according to a statement picked up by Zawya.

LOGISTICS-

#1- AD Ports, Tasneef open two offices in Kuwait: AD Ports Group inaugurated its Safeen Kuwait office in Kuwait, while Emirates Classification Society (Tasneef) opened a Tasneef Maritime office, to ramp up maritime cooperation and improve trade and logistics services in the region, Kuwaiti news agency Kuna reports. The Safeen Office is the first for AD Ports in the GCC, while the Tasneef office is its second outside of the UAE, other than Indonesia.

#2- A new veterinary quarantine facility was inaugurated at Abu Dhabi’s Khalifa Port by the Abu Dhabi Agriculture and Food Safety Authority, AD Ports Group, and Abu Dhabi Projects and Infrastructure Centre, the Abu Dhabi Media Office said. The facility was launched to support local and international companies working in the live animal trade by facilitating the import and re-export of livestock.

CRYPTO-

CoinMENA taps Austria’s Bitpanda to add more crypto assets to its trading platform: Crypto assets trading platform CoinMENA tapped Austrian digital assets infrastructure provider Bitpanda Technology Solutions as a liquidity provider to help boost trading efficiency and expand the range of crypto assets offered on the platform, according to a statement picked up by Zawya.

AVIATION

Animawings adds two non-stop flights between Bucharest and Dubai: Romanian airline Animawings will launch a new route connecting the Romanian capital Bucharest to Dubai on 27 December, with two direct flights a week, according to news reports (here and here).

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