{"id":87789,"date":"2023-12-20T00:00:00","date_gmt":"2023-12-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/non-oil-exports-rose-in-1h-2023-mashreq-customers-now-have-access-to-visa-direct-account\/"},"modified":"2023-12-20T00:00:00","modified_gmt":"2023-12-20T00:00:00","slug":"non-oil-exports-rose-in-1h-2023-mashreq-customers-now-have-access-to-visa-direct-account","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/non-oil-exports-rose-in-1h-2023-mashreq-customers-now-have-access-to-visa-direct-account\/","title":{"rendered":"Non-oil exports rose in 1H 2023 + Mashreq customers now have access to Visa Direct Account"},"content":{"rendered":"

Good morning, wonderful people, and a very happy Wednesday.<\/strong> The news cycle has slowed down just a touch on the home front, although we can\u2019t quite say it\u2019s a slow news day.<\/p>\n

THE BIG STORY AT HOME?<\/strong> For the first time in many days and many nights, it\u2019s not capital markets-related. Non-oil exports out of the country rose 15% y-o-y in the first half of the year, recent data from the Federal Competitiveness and Statistics Center. That\u2019s very good news, considering recent forecasts from Oxford Business Group that next year\u2019s GDP growth is going to be underpinned in large part by expansion in the non-oil economy. <\/p>\n

THAT DOESN\u2019T MEAN THERE\u2019S NO CAPITAL MARKETS NEWS-<\/strong> Today will be the first day of trading for PureHealth\u2019s shares on the ADX. The healthcare giant reeled in massive investor interest during its bookbuilding, reporting a 49x oversubscription rate for the institutional portion of the offering, while the retail portion was some 483x oversubscribed. <\/p>\n

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<\/a> Our friends at Mashreq partnered with Visa to allow Mashreq\u2019s customers to send money<\/strong> across<\/strong>44 markets in Europe, North American and South-East Asia<\/strong> faster and more efficiently through the Visa Direct Account feature. This partnership makes Mashreq the first bank in the GCC to leverage Visa\u2019s feature, according to a press release<\/a>. \u201cThis enhancement allows for global money transfers in near real-time, highlighting Mashreq\u2019s ongoing commitment to consistently improve customer experience through innovative solutions,\u201d Mashreq Head of Payments and Consumer Lending at Kartik Taneja said.<\/p>\n

<\/a> Business growth is getting a (digital) shot in the arm:<\/strong> Telecoms giant du and ADGM are working together to push forward on digital transformation and set up an innovation hub to drive business growth in Abu Dhabi, according to a press release<\/a>. The partnership will see the two offering an array of services, including advanced telecommunications solutions, innovative 5G technologies, and tailored business offerings. <\/p>\n

<\/a> Pay your tolls online: <\/strong>The Dubai toll gate operator Salik inked an MoU on Monday to integrate its amenities into the Abu Dhabi government service platform TAMM, according to a DFM disclosure<\/a>. Salik will also levy the resources of the Abu Dhabi digital payment platform Abu Dhabi Pay to allow users to manage their Salik balances online.<\/p>\n

A HANDFUL OF SUSTAINABILITY <\/p>\n

<\/a> Bee\u2019ah brings forward its net-zero target to 2040:<\/strong> Waste management company Bee\u2019ah Group has set a target to reach net zero emissions by 2040 within its operations, according to a company statement<\/a>. The company is close to reaching carbon neutrality in the Sharjah Emirate alone, where Bee\u2019ah\u2019s zero-waste strategies have enabled a 90% landfill waste diversion rate<\/a>. <\/p>\n

Your commute just got greener: <\/strong>Sharjah property developer Arada<\/a> inaugurated the Yalla e-mobility platform offering environmentally friendly e-bikes and e-scooters, reports Sharjah 24<\/a>. The rentals are available to adults (over 18) residing in Aljada, with parking and charging stations spread across the community. <\/p>\n

Remember:<\/strong> Aljada, Sharjah\u2019s largest urban-mixed project, uses a sustainable framework, solar power solutions, waste management, and a sustainable lane for electric vehicles.<\/p>\n

New marine mission?<\/strong> The Environment Agency of Abu Dhabi (EAD) inked an agreement yesterday to use OceanX, M42, and Bayanat\u2019s marine research technologies to explore environmental conservation parameters, according to a statement<\/a>. The EAD and OceanX-provided vessels will gather data on Emirati fisheries and biodiversity while M42 conducts assessments and Bayanat assists with AI-powered surveys.The EAD partnered with global ocean explorer OceanX, Bayanat and G24 earlier in November<\/a> to develop a map of the UAE\u2019s marine environment.<\/p>\n

** You\u2019re reading Zero Issue #16 of EnterpriseAM UAE. <\/strong><\/p>\n

** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. <\/p>\n

** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n

** Have a comment, criticism, or story tip? <\/strong>Hit up patrick@enterprisemea.com<\/a>. <\/p>\n

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BIG STORIES ABROAD<\/p>\n

THE BIG BUSINESS STORIES ABROAD: Global <\/strong>shipping<\/a><\/strong> woes <\/strong>dominate the headlines \u2014 we have everything you need to know in this morning\u2019s news well, below. <\/p>\n

AROUND THE REGION- Emirati startups raised 65% less in 2023 than they did last year<\/strong>, lining up just USD 638 mn in new capital commitments. And the final nuclear reactor at the Emirates\u2019 Barakah nuclear plant is now ready to go live, EnterpriseAM UAE reports. <\/p>\n

ALSO-<\/strong> Colorado won\u2019t let Trump<\/a> on the ballot. And Google<\/a> will pay a USD 700 mn fine and loosen its control over the Play Store to settle a US lawsuit. <\/p>\n

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WAR WATCH-<\/strong><\/p>\n

Sixty-one more injured Palestinian children arrived in Abu Dhabi, <\/strong>flying in from Egypt\u2019s Al Arish International Airport to receive medical treatment in Emirati hospitals, reports Wam<\/a>. This is the sixth group of wounded Palestinians to arrive in the UAE after President Al Nahyan issued a directive in November<\/a> to provide medical care for 1k injured children and 1k cancer patients from the Gaza Strip.<\/p>\n

Catch up on our aid to Gaza-<\/strong><\/p>\n