INVESTMENTS-<\/p>\n
#1-<\/strong>UAE\u2019s<\/strong>Offset8 completes first investment in Sawa\u2019s biochar carbon credit project <\/strong>in Indonesia: <\/strong>Abu Dhabi-based asset manager Offset8<\/a>Capital<\/a> \u2014 which specializes in nature-based carbon removal projects \u2014 has signed its first agreement to finance Singapore-based SawaEcoSolutions<\/a> \u2019 biochar carbon credit generation project in Indonesia, according to a company statement<\/a>. The biochar project is expected to generate about USD 50 mn in carbon credits over its 10-year lifecycle. Offset8 facilitated an early investment in the project and will continue to extend its expertise to the project.<\/p>\n Um, Enterprise, what\u2019s biochar? <\/strong>Biochar \u2014 charcoal produced<\/a> from burning agri and forestry waste \u2014 can improve soil health, while storing carbon<\/a> and pushing down carbon emissions, rendering it viable for carbon offset sales. <\/p>\n #2- Adnoc named top national investor in low-carbon solutions: <\/strong>Adnoc ranked first on the list of national oil company investors in low-carbon solutions and was named fifth largest globally in 2023, according to Energy Intelligence<\/a> \u2019s Low-Carbon Investment Tracker report (pdf)<\/a>, which reviews the low-carbon investments of 34 national and international oil companies made over the year. The report noted Adnoc\u2019s growing investments in low-carbon projects in 2023, which amounted to over 50 projects with an estimated value of some USD 5.5 bn. <\/p>\n #3- Mubadala eyes South Korean market:<\/strong> Sovereign wealth fund Mubadala asset management subsidiary Mubadala Capital<\/a> and South Korean financial group Woori Venture Partners<\/a> are set to explore investments in \u201ckey markets around the world,\u201d state news agency Wam<\/a> reports, citing Mubadala Capital\u2019s CEO and Managing Director Hani Barhoush. <\/p>\n ICYMI: <\/strong>Mubadala agreed earlier this week<\/a> with Goldman Sachs to co-invest USD 1 bn in private credit in the Asia-Pacific region.<\/p>\n \n LOGISTICS-<\/p>\n Aldar expands logistics footprint in Dubai:<\/strong> Abu Dhabi-based real estate developer Aldar<\/a>Properties<\/a> will develop logistics facilities in Dubai South<\/a> under a new JV agreement, according to an ADX disclosure (pdf)<\/a>. The JV will also develop build-to-lease and build-to-suit facilities for tenants including third-party logistics (3PL), ecommerce, and retail, the disclosure notes.<\/p>\n The financing details:<\/strong> An exact investment ticket for the projects have not been disclosed, but funds for developing the project will be disbursed from a previously lined up<\/a> AED 1 bn investment earmarked for Aldar\u2019s logistics expansions Abu Dhabi and Dubai.<\/p>\n \n TELECOMS-<\/p>\n #1- e& and Dell Technologies have signed an MoU to advance 5G innovation through <\/strong>Dell\u2019s Open Telecom Ecosystem Lab (OTEL)<\/strong>, according to a press release<\/a>. The MoU allows e& to use OTEL to enhance its mobile networks transformation to open technologies, the infrastructure that enables 5G networks. <\/p>\n #2- du taps Ericsson solution for better connectivity: <\/strong>Emirates Integrated Telecommunications Company (du<\/a>) plans to use Swedish telecom company Ericsson<\/a> \u2019s Private 5G Networks solution to boost connectivity across government and enterprise sectors, Ericsson said in a statement<\/a>. The network will offer UAE-based enterprises access to advanced private 4G and 5G networks, keeping data secure on site.<\/p>\n Not du\u2019s first time sourcing Ericsson: <\/strong>The telecom players inked agreements in October<\/a> and December<\/a> of 2023 to integrate Ericsson\u2019s RAN technology and Connected Recycling platform solutions to reduce emissions across network operations in the UAE.<\/p>\n \n ICT-<\/p>\n du, AWS to provide cloud services in the UAE:<\/strong> Emirates Integrated Telecommunications Company (du) and Amazon Web Services have agreed to establish a Cloud Center of Excellence in the UAE, according to a press release<\/a>. The center will allow du to provide cloud solutions to businesses and public sector organizations in the UAE.<\/p>\n \n STARTUPS-<\/p>\n Dubai Multi Commodities Center inked a partnership with <\/strong>Korea Institute of Startup and Entrepreneurship<\/a><\/strong>Development<\/a><\/strong> to boost cooperation between businesses in both countries<\/strong>, according to a press release<\/a>. The agreement covers key initiatives and mentorship for startups, and involves exploring joint ventures and partnerships. <\/p>\n \n AVIATION- <\/p>\n Etihad Airways inked an MoU to offer Abu Dhabi Global Market <\/strong>businesses with price reductions<\/strong>, according to a statement<\/a>. <\/p>\n TECH-<\/p>\n China\u2019s AI smart service provider <\/strong>Terminus Group<\/a><\/strong> opened its global headquarters in <\/strong>Dubai, <\/strong>according to a company statement<\/a>. Terminus plans to use the facility to develop smart services and Artificial Intelligence of Things solutions for manufacturing, transportation, and energy industries in the international market, focusing on the Middle East.<\/p>\n Background:<\/strong> Terminus launched its first MENA HQs in Dubai in September 2021<\/a>, shortly after serving as Expo 2020 Dubai\u2019s premier partner. <\/p>\n \n BUSINESS-<\/p>\n Dubai Chambers inaugurated a Polish Business Council to strengthen economic <\/strong>ties between the UAE and Poland<\/strong>,Polish ambassador Jakub Slawek told The National<\/a>. <\/p>\n \n MEDIA-<\/p>\n #1- Wam explores cooperation in Rwanda: <\/strong>A delegation from state news agency Wam landed in Rwanda yesterday to meet with the Rwanda Broadcast Agency<\/a>, Mount Kigali University<\/a>, and the University of Rwanda<\/a> to discuss media cooperation, knowledge transfer, and joint training, reports Wam<\/a>. During its visit, the delegation inked news exchange agreements with multimedia groups and publications, including The New Times<\/a>, IGIHE<\/a>, the African News Agency<\/a>, and radio station Royal FM.<\/p>\n #2- The Media Council greenlit the UAE media roadmap<\/strong>, which includes a regulatory framework and a policy strategy setting out policies, legislations, and initiatives that will regulate the media sector, Wam<\/a> reports. The roadmap looks to grow the media sector\u2019s contribution to the country\u2019s GDP. <\/p>\n \n TRANSPORT- <\/p>\n Investopia<\/a><\/strong> renewed its partnership with Emirates Motor Company<\/strong>, the distributor for Mercedes-Benz in Abu Dhabi, by signing an MoU at the Investopia summit to increase cooperation in electric mobility technology and green transportation, Wam<\/a> reports. <\/p>\n ADVERTISING- <\/p>\n Dubai awarded Saudi Arabia\u2019s <\/strong>Al Arabia<\/a><\/strong> a SAR 534 mn (AED 523 mn) contract <\/strong>to install, operate, and maintain advertising 294 billboards in the emirate, the company said in a disclosure<\/a> on Saudi Arabia\u2019s Tadawul exchange. The contract grants the firm the rights to the billboards for 10 years and five months.<\/p>\n","protected":false},"excerpt":{"rendered":" Tons more news on the logistics, telecoms, tech, and media fronts<\/p>\n","protected":false},"author":1,"featured_media":89566,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[97,47,1357,1468,821,7,1342,99,1409,1343,973,1341,438,972,971],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-aldar-properties","tag-also-on-our-radar","tag-business","tag-du","tag-dubai-chambers","tag-enterpriseam-uae","tag-investment","tag-logistics","tag-media","tag-mubadala","tag-offset8-capital","tag-tech","tag-telecoms","tag-terminus-group","tag-wam","wpautop","entry"],"acf":{"mongo_id":"03de56d2-9427-458a-a432-3a445e4abb0e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/887.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Asset manager Offset8 Capital invests in Indonesian carbon removal project + Mubadala eyes South Korea","related_issue":[89543],"teaser":"Tons more news on the logistics, telecoms, tech, and media fronts","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.9fa94011-be46-48dc-aafe-295cbdd3f3da.mp3"},"yoast_head":"\n