TRANSPORT-

7X’s logistics arm EMX added e-bikes to its fleet as part of the company’s strategy to transition to an all-electric fleet, according to a press release. The e-bikes are expected to boost energy efficiency by 16%, offering a 135 km range with a dual battery system. The bikes will be supported by charging infrastructure at EMX hubs nationwide.

Background: EMX was launched by state-owned 7X in February of last year, and expanded internationally in July with its e-commerce delivery platform, EMX International.

CRYPTO-

Phoenix inaugurates new mining site in the US: ADX-listed crypto miner Phoenix Group launched a 50 MW mining facility in the US state of North Dakota, projected to contribute 2.7 EH to Phoenix’s global hash rate when fully operational, according to a statement. The facility was built in less than five months.

REMEMBER- Phoenix operates a 765 MW mining portfolio across the US, Canada, CIS, and UAE. The company launched a 20 MW mining facility in Canada’s St. Leon in October, projected to generate 700 PH, and said in July it was in the process of developing a 25 MW mining facility in Willamette, South Carolina.

INS.-

Al Ain Ahlia Ins. partners with Egyptian state-run ins. player to develop new products: Abu Dhabi-based Al Ain Ahlia Ins. partnered with Egypt’s state-owned Misr Ins. to look into cooperation on the development of ins. products, digitalization, exchange of expertise, and training initiatives, according to a statement from the Egyptian Investment and Foreign Trade Ministry.

GAMING-

Audiomob launches regional headquarters in Abu Dhabi: London-based in-game audio advertising firm Audiomob opened its regional headquarters on Abu Dhabi’s Yas Island in partnership with Abu Dhabi Gaming, according to a press release.

HEALTHCARE-

CytoSorbents opens regional hub in Dubai: CytoSorbents Corporation, a US-based company specializing in blood purification solutions for critical care and cardiac surgery, launched a new regional sales subsidiary in Dubai Science Park, according to a press release. The hub will serve as a center for sales, training, customer support, and regulatory affairs across the Middle East and Africa.

CAPITAL MARKETS-

Devexperts heads to Dubai: Devexperts, an Ireland-based developer of capital markets software systems, plans to open a new office in Dubai in mid-2025 as it seeks to scale up its operations in the MENA region, the company said in a statement.

Why Dubai? “Devexperts’ client base in the UAE and Saudi Arabia has increased rapidly over the past two years and leading us to now taking the formal decision to open an office in Dubai. This will allow us to better cater to both our new and existing clients in the UAE and neighbouring countries,” the company’s CEO Ben Hurley said.

PETROCHEMICALS-

Dubai-based chemical distributor Altek International entered into a distribution partnership agreement with South Korean chemical producer Songwon, according to a press release. The move comes as head of Songwon’s PVC Business Unit Bouzid Hamcherif sees rapid growth in the PVC market in the region amid “a surge in building projects, rapid urbanization and the increasing demand for PVC across industries like construction, packaging and electrical.”

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