Emirates

UAE and Egypt Advance Development of Africa's Biggest Wind Farm

Retrieved on: 
Tuesday, June 6, 2023

The wind farm will also help Egypt meet its strategic objective of sourcing 42 percent of its energy from renewables by 2030.

Key Points: 
  • The wind farm will also help Egypt meet its strategic objective of sourcing 42 percent of its energy from renewables by 2030.
  • The 10 GW plant will save the North African nation an estimated US$ 5 billion in natural gas costs a year.
  • As the UAE's flagship renewable energy company, Masdar's role demonstrates its deep and lasting commitment towards supporting African nations such as Egypt to meet their ambitious renewable energy objectives.
  • Egypt is the Middle East and North Africa's most populous country and has an abundance of renewable energy sources, including wind and solar.

FinTech firms PayTabs and FlapKap collaborate to 'superpower' UAE ecommerce brands

Retrieved on: 
Thursday, May 18, 2023

DUBAI, UAE, May 18, 2023 /PRNewswire/ --  PayTabs, MEASA's award-winning payment solutions provider, today announced a strategic partnership with FlapKap, MENA's leading revenue-based financing platform. 

Key Points: 
  • DUBAI, UAE, May 18, 2023 /PRNewswire/ -- PayTabs , MEASA's award-winning payment solutions provider, today announced a strategic partnership with FlapKap , MENA's leading revenue-based financing platform.
  • The collaboration between the two firms aims to support new and existing PayTabs entrepreneurs, webpreneurs and small and medium e-commerce businesses (SMEs) based in the UAE to obtain a fast and flexible funding offer within hours.
  • Under this landscape, PayTabs facilitates digital payment processing and offers merchants multiple payment acceptance methods including debit cards, credit cards and wallets - while FlapKap enables SME e-commerce businesses in the UAE to leverage on financing solutions via the FlapKap app .
  • FlapKap and PayTabs share a similar agenda to impact the SME and Ecommerce segments; empowering them with data driven growth opportunities.

FinTech firms PayTabs and FlapKap collaborate to 'superpower' UAE ecommerce brands

Retrieved on: 
Thursday, May 18, 2023

DUBAI, UAE, May 18, 2023 /PRNewswire/ --  PayTabs, MEASA's award-winning payment solutions provider, today announced a strategic partnership with FlapKap, MENA's leading revenue-based financing platform. 

Key Points: 
  • DUBAI, UAE, May 18, 2023 /PRNewswire/ -- PayTabs , MEASA's award-winning payment solutions provider, today announced a strategic partnership with FlapKap , MENA's leading revenue-based financing platform.
  • The collaboration between the two firms aims to support new and existing PayTabs entrepreneurs, webpreneurs and small and medium e-commerce businesses (SMEs) based in the UAE to obtain a fast and flexible funding offer within hours.
  • Under this landscape, PayTabs facilitates digital payment processing and offers merchants multiple payment acceptance methods including debit cards, credit cards and wallets - while FlapKap enables SME e-commerce businesses in the UAE to leverage on financing solutions via the FlapKap app .
  • FlapKap and PayTabs share a similar agenda to impact the SME and Ecommerce segments; empowering them with data driven growth opportunities.

Women's World Cup: Fifa's threat to ban European broadcasters is not a skilful move

Retrieved on: 
Thursday, May 11, 2023

Less encouraging is Fifa’s suggestion that this summer’s women’s football World Cup, hosted by Australia and New Zealand, may not be available to TV viewers across Europe.

Key Points: 
  • Less encouraging is Fifa’s suggestion that this summer’s women’s football World Cup, hosted by Australia and New Zealand, may not be available to TV viewers across Europe.
  • Apparently the amount broadcasters are willing to pay to show it in the UK, Germany, Italy, Spain and France is too low.
  • And European financial regulations exempt spending on women’s football from their rules concerning club losses to encourage this form of spending.

Foul play?

    • Some of those broadcasters will respond that as businesses, they need to make a profit.
    • Those offers also depend on how much competitors are willing to spend as multiple bidders create an environment that pushes up prices.
    • There is evidence that the impact of scheduling (for example, evenings and weekends) on TV audiences is crucial.
    • And the negotiating tactic by Fifa to try increase bids is not a very strong one.

Failing the women’s game?

    • This mainly relates to the men’s World Cup, but it does tell us how dependent Fifa is on European broadcasters.
    • Well, viewers will still be able to watch coverage of the World Cup on Fifa’s own streaming channel.
    • Meanwhile, Fifa will risk accusations of failing the women’s game rather than supporting it.

Dubai Industrial City Signs Key Strategic Partnerships with MoIAT, MOCCAE, EDB and Dubai's DET to Promote and Grow UAE Manufacturing Sector

Retrieved on: 
Thursday, May 4, 2023

"Through strategic partnerships with key players like MOIAT and Dubai Industrial City, EDB identifies developmental projects and deploys capital efficiently and quickly.

Key Points: 
  • "Through strategic partnerships with key players like MOIAT and Dubai Industrial City, EDB identifies developmental projects and deploys capital efficiently and quickly.
  • Sustainability remains a key pillar for Dubai Industrial City and the UAE's overarching manufacturing roadmap, and the agreement signed between Dubai Industrial City and MOCCAE will promote decarbonisation in the industrial sector.
  • Established in 2004, Dubai Industrial City is one of the region's largest industrial manufacturing and logistics hubs.
  • Dubai Industrial City is part of TECOM Group's portfolio of 10 business districts, including Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Science Park, Dubai Knowledge Park, Dubai International Academic City and Dubai Design District (d3).

Dubai Industrial City Signs Key Strategic Partnerships with MoIAT, MOCCAE, EDB and Dubai's DET to Promote and Grow UAE Manufacturing Sector

Retrieved on: 
Thursday, May 4, 2023

"Through strategic partnerships with key players like MOIAT and Dubai Industrial City, EDB identifies developmental projects and deploys capital efficiently and quickly.

Key Points: 
  • "Through strategic partnerships with key players like MOIAT and Dubai Industrial City, EDB identifies developmental projects and deploys capital efficiently and quickly.
  • Sustainability remains a key pillar for Dubai Industrial City and the UAE's overarching manufacturing roadmap, and the agreement signed between Dubai Industrial City and MOCCAE will promote decarbonisation in the industrial sector.
  • Established in 2004, Dubai Industrial City is one of the region's largest industrial manufacturing and logistics hubs.
  • Dubai Industrial City is part of TECOM Group's portfolio of 10 business districts, including Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Science Park, Dubai Knowledge Park, Dubai International Academic City and Dubai Design District (d3).

United Arab Emirates Prepaid Card and Digital Wallet Business Report 2023: A $10.3 Billion Market by 2027 - Firms are Forging Strategic Alliances to Launch Crypto Prepaid Cards

Retrieved on: 
Monday, April 17, 2023

The prepaid card market (value terms) in United Arab Emirates increased at a CAGR of 9.2% during 2018-2022.

Key Points: 
  • The prepaid card market (value terms) in United Arab Emirates increased at a CAGR of 9.2% during 2018-2022.
  • The digital payment ecosystem has been growing consistently in the United Arab Emirates (UAE) over the last few years.
  • Innovative fintech firms along with a favorable regulatory environment have resulted in a growing adoption of prepaid payment instruments.
  • In tandem with e-commerce growth, digital payment methods have emerged as the preferred payment choice for most in the Emirates.

United Will Fly Non-Stop to 100+ International Cities This Summer to Meet Soaring Overseas Travel Demand

Retrieved on: 
Thursday, April 6, 2023

CHICAGO, April 6, 2023 /PRNewswire/ -- United Airlines will fly to 114 different international cities this summer and has expanded its flying by 25% versus last year to meet the sharp increase in demand for travel outside of the U.S. The airline is already the largest carrier across both the Atlantic and Pacific and this summer's schedule includes nearly 25 new routes. According to United booking data, international bookings are already 15% higher than the same period in 2022*.

Key Points: 
  • According to United booking data, international bookings are already 15% higher than the same period in 2022*.
  • "With unprecedented demand for travel overseas, we'll have more service to popular cities while also adding new and unique destinations for customers to explore."
  • On March 25, United launched daily service between New York/Newark and Dubai, UAE, operated on a Boeing 777-200ER aircraft.
  • This summer, United will fly to 14 destinations in Europe from Chicago, more than any other airline.

United Arab Emirates B2C Ecommerce Market Analysis Report 2023-2027 - Firms are Investing in Fulfillment Centers to Serve the Growing e-Commerce Market

Retrieved on: 
Friday, March 31, 2023

DUBLIN, March 31, 2023 /PRNewswire/ -- The "United Arab Emirates B2C Ecommerce Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 31, 2023 /PRNewswire/ -- The "United Arab Emirates B2C Ecommerce Market" report has been added to ResearchAndMarkets.com's offering.
  • B2C Ecommerce market in United Arab Emirates is expected to grow by 14.80% on annual basis to reach US$30.7 billion in 2023.
  • The Medium to long-term growth story of B2C Ecommerce industry in United Arab Emirates promises to be attractive.
  • The country's B2C Ecommerce Gross Merchandise Value will increase from US$26.8 billion in 2022 to reach US$46.8 billion by 2027.

Dubai celebrates Air Max Day & launch of Air Max Pulse

Retrieved on: 
Wednesday, March 29, 2023

DUBAI, UAE, March 29, 2023 /PRNewswire/ -- Nike, the leading sports apparel and footwear company, celebrated Air Max Day with the launch of its latest sneaker innovation, the Air Max Pulse with a stunning visual and audio takeover of the iconic Burj Khalifa in Dubai.

Key Points: 
  • DUBAI, UAE, March 29, 2023 /PRNewswire/ -- Nike, the leading sports apparel and footwear company, celebrated Air Max Day with the launch of its latest sneaker innovation, the Air Max Pulse with a stunning visual and audio takeover of the iconic Burj Khalifa in Dubai.
  • Since its release in 1987, the Air Max franchise has been synonymous with taking fearless self-expression and creativity to the absolute MAX.
  • As part of this year's Air Max Day celebration, Nike did just that by taking over the world's tallest building with a breathtaking display lighting up the world-famous tower.
  • Utilizing the recognizable 270 Air Bag unit, Nike Air Max Pulse's airbag system takes sensorial design to new heights.