Showing posts with label Business-Economy. Show all posts
Showing posts with label Business-Economy. Show all posts

02 June, 2023

HE Al Zeyoudi Addresses US GreenTech Delegation in Dubai, Invites Private-Sector to Invest in Clean Energy Transition


  • Three-day US GreenTech Mission welcomed more than 75 business leaders from US multinational companies, SMEs and startups across various sectors.
  • HE Al Zeyoudi: “As we build towards COP28, we not only want to lead the conversations on the green economy, but also foster the solutions, the technologies and the tools to build one.”


Abu Dhabi, UAE – 2nd  June 2023:

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, addressed a US-led GreenTech delegation to the UAE, outlining the growth opportunities offered to companies developing low-carbon and alternative energy solutions in the UAE’s supportive ecosystem. He also emphasized the need for public-private collaboration in driving the transition towards a green economy.


The three-day US GreenTech Mission, organized by the US Chamber of Commerce in partnership with the UAE Embassy in Washington, welcomed more than 75 business leaders from US multinational companies, SMEs and startups across various sectors, including finance, energy, renewables, transportation and logistics. Against the backdrop of the UAE’s COP28 preparations, the US delegation focused on green investment prospects across the nation.


During his address, HE Al Zeyoudi reaffirmed the UAE's commitment to leading a global energy transition, highlighting UAE’s US$50 billion in investments in clean and renewable energy projects in 70 nations across six continents. He emphasized the joint UAE-US “Partnership for Accelerating Clean Energy”, which was signed in November 2022 and commits US$100 billion to deploy 100 gigawatts of clean energy by 2035.


HE Al Zeyoudi also underscored the UAE’s NextGenFDI program, which has been specifically designed to foster the development of new industries and capabilities that address today’s most pressing challenges. “The innovation and ingenuity of the private sector is crucial to realizing a cleaner, more sustainable future, and we continue to offer a supportive home for pioneering companies seeking to drive this change. Programs such as NextGenFDI can help globally minded, future-focused enterprises and investors access the advantages of our enabling ecosystem, and we have already welcomed specialists in fields such as hybrid aviation and precision fermentation. As we build towards COP28, we not only want to lead the conversations on the green economy, but also foster the solutions, the technologies and the tools to build one.”


Today, the UAE is home to 1,500 US firms, and is the largest trading partner in the Middle East for the US with non-oil trade between the two countries reaching US$33 billion in 2022.


MoIAT Partners with FAB to Provide AED5bn of Competitive Financing Solutions to Investors in Industrial and Advanced Technology Sectors


  • Bank to offer financing worth AED5 billion to investors in the industrial and advanced technology sectors to promote sustainable development
  • Financing to support the growth and expansion of industrial companies and promote advanced technology adoption within the framework of the Make it in the Emirates initiative, says HE Omar Al Suwaidi

Abu Dhabi, UAE: 1 June 2023 – The Ministry of Industry and Advanced Technology (MoIAT) and First Abu Dhabi Bank (FAB) today entered a partnership by signing a memorandum of understanding (MoU) on the sidelines of the Make it in the Emirates Forum. Themed ‘Investment, Sustainability, Growth’, the forum takes place at the Abu Dhabi Energy Center in Abu Dhabi from May 31 to June 1.

The collaboration will provide exceptional and competitive financing solutions worth AED5 billion to both local and foreign investors in the industrial and advanced technology sectors, supporting the Make it in the Emirates initiative.

The MoU was signed in the presence of His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Her Excellency Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology. It was signed by His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and Hana Al Rostamani, Group CEO of FAB.

MoU Objectives

The MoU aims to support SMEs by offering industry-related advice, data sharing, and collaboration expertise. Through the Make it in the Emirates initiative, MoIAT ensures competitive financing solutions with favorable profit rates and flexible repayment periods to promote investments in the country’s industrial sector. Moreover, FAB’s involvement in the integrated industrial partnership between the UAE, Egypt, Jordan, and Bahrain will facilitate the introduction of customers to the partnership and encourage the provision of industrial projects and financing solutions for partnership projects.

Under the memorandum, FAB will offer competitive financing solutions to support the adoption of advanced technology in the industrial sector. These solutions encompass structured financing, capital investments, business expansion financing, green financing, and support for startups and SMEs. Additionally, the bank will provide industry-specific financial advisory services to cater to the unique needs of these sectors.

A Driver of Industrial Growth

HE Al Suwaidi said: "In offering flexible financing solutions to companies in the industrial and advanced technology sectors, including startups, emerging companies and SMEs, we aim to provide key enablers and incentives that drive the growth and competitiveness of the industrial sector. This aligns with the objectives of the National Strategy for Industry and Technology and the Make it in the Emirates initiative, which seeks to drive the sustainable development of national industries. At MoIAT, we remain committed to nurturing strategic partnerships that deliver competitive financing solutions, foster the development of the national industrial sector and attract foreign investments to the sector.”

He emphasized the importance of competitive financing solutions in supporting the ministry’s strategic initiatives, pointing out that they not only facilitate the development of industrial projects but also encourage entrepreneurs and companies to utilize innovative financing mechanisms that align with the objectives of strengthening the industrial sector’s role in the country.

“These efforts support the ministry's objectives of enhancing the ease of doing business and creating an enabling environment for small and medium enterprises in the industrial sector," HE Al Suwaidi added.

Hana Al Rostamani, Group Chief Executive Officer at First Abu Dhabi Bank (FAB), said: “Driven by a forward thinking government agenda and effective collaboration between both public and private sectors, the UAE’s industrial sector is set to double its contribution to GDP in less than a decade. At FAB we’re a longstanding champion and strategic enabler of UAE industry, and we’re proud to power the sector’s growth ambitions as well as the broader diversification of the UAE economy. By working with our partners MoIAT, FAB will deploy financial strength, innovative solutions, and trusted expertise to help unleash the UAE’s manufacturing potential and reinforce the Emirates status as a global manufacturing hub. By propelling startups, SMEs, and multinationals both FAB and MoIAT are forging a path for UAE industry to accelerate economic growth, diversification, and a sustainable future.”


A Prominent Platform

The forum is organized by MoIAT in partnership with the Abu Dhabi Economic Development Department (ADDED) and ADNOC. The ‘Make it in the Emirates’ Forum is a prominent platform that unites decision-makers, government officials, private sector representatives, experts, entrepreneurs, financing institutions, and investors from the industrial sector.

The event offers an opportunity for networking and the exchange of knowledge among members of the local and international industrial community while highlighting the potential for localizing products by redirecting local purchases into the national economy and giving priority to ICV-certified companies in the tenders.

The overarching objective of the forum is to strengthen the role of the industrial sector in the country, contribute to sustainable economic development, and foster increased resilience of supply chains. Moreover, it offers a unique opportunity for leading national companies and manufacturers to establish partnerships and explore avenues for further growth and expansion. Additionally, the forum serves as a catalyst for the development of existing industries while showcasing growth prospects within future sectors.



البنك يوفر تمويل للقطاع الخاص بقيمة 5 مليار درهم بهدف تحفيز التنمية المستدامة وجذب الاستثمار في القطاع الصناعي


تعاون بين وزارة الصناعة والتكنولوجيا المتقدمة وبنك أبوظبي الأول لتوفير حلول تمويلية تنافسية للمستثمرين في قطاع الصناعة والتكنولوجيا المتقدمة


  • عمر السويدي: التمويل يعزز نمو وتوسع الشركات الصناعية وتبني التكنولوجيا المتقدمة تحت مظلة مبادرة "اصنع في الإمارات"


  • هناء الرستماني: حريصون على المساهمة بدور استراتيجي وفعال في دعم القطاع الصناعي الوطني ودعم جهود تنويع الموارد الاقتصادية


أبوظبي، الإمارات العربية المتحدة 1 يونيو 2023: بحضور معالي الدكتور سلطان بن أحمد الجابر، وزير الصناعة والتكنولوجيا المتقدمة، ومعالي سارة بنت يوسف الأميري، وزيرة دولة للتعليم العام والتكنولوجيا المتقدمة، وقعّت وزارة الصناعة والتكنولوجيا المتقدمة مذكرة تفاهم مع بنك أبوظبي الأول (ش.م.ع) يوفر بموجبها البنك حلولاً تمويلية تنافسية نوعية بقيمة 5 مليارات درهم للمستثمرين المحليين والأجانب في قطاع الصناعة والتكنولوجيا المتقدمة، لدعم مبادرة "اصنع في الإمارات".


ووقع المذكرة كل من سعادة عمر السويدي، وكيل وزارة الصناعة والتكنولوجيا المتقدمة، وهناء الرستماني، الرئيس التنفيذي لمجموعة بنك أبوظبي الأول، وذلك على هامش فعاليات الدورة الثانية من منتدى "اصنع في الإمارات" الذي تنظمه الوزارة بالتعاون مع دائرة التنمية الاقتصادية في أبوظبي، وشركة أدنوك، المزود الموثوق والمسؤول للطاقة منخفضة الانبعاثات، تحت شعار "استثمار، استدامة، نمو" يومي 31 مايو و1 يونيو 2023 في مركز أبوظبي للطاقة بأبوظبي.


وبموجب المذكرة سيوفر البنك حلول تمويل تنافسية لتشجيع تطبيق التكنولوجيا المتقدمة في القطاع الصناعي، وكذلك حلول التمويل المهيكل والاستثمارات الرأسمالية، وتمويل خطط التوسع في الأعمال، والتمويل الأخضر، وتمويل الشركات الناشئة والشركات الصغيرة والمتوسطة ودعم هذه الشركات من خلال تقديم الاستشارات المالية المتعلقة بالصناعة.


ممكنات للنمو


وبهذه المناسبة، قال سعادة عمر السويدي، وكيل وزارة الصناعة والتكنولوجيا المتقدمة: " إن توفير حلول التمويل المرنة للشركات العاملة في قطاع الصناعة والتكنولوجيا المتقدمة والشركات الناشئة والصغيرة والمتوسطة يعد من أهم الممكنات والحوافز الداعمة لنمو وتنافسية قطاع الصناعة، كما يتماشى مع مستهدفات الاستراتيجية الوطنية للصناعة والتكنولوجيا المتقدمة ومبادرة (اصنع في الإمارات)، ويعزز من فرص النمو التي تساهم في تحقيق التنمية الاقتصادية المستدامة، ولذلك تعمل الوزارة على تطوير شراكاتها الاستراتيجية لتوفير الحلول التمويلية التنافسية، بما يسهم تنمية وتطوير القطاع الصناعي الوطني، ويوفر فرصاً جديدة لجذب الاستثمارات الأجنبية في القطاع.


وأضاف سعادته: "تساهم الحلول التمويلية التنافسية في دعم جهودنا الاستراتيجية بإتاحة فرصة تطوير مشاريعهم الصناعية، وتشجيعهم عبر استشراف آليات مبتكرة للتمويل تواكب أهدافنا نحو تعزيز دور القطاع الصناعي في الدولة، وبما ينسجم مع مستهدفات الوزارة لتعزيز سهولة ممارسة الأعمال وتوفير بيئة محفزة وجاذبة لرواد الأعمال والشركات الصغيرة والمتوسطة في القطاع الصناعي".

بدورها، قالت هناء الرستماني، الرئيس التنفيذي لمجموعة بنك أبوظبي الأول: "من المتوقع أن تتضاعف مساهمة القطاع الصناعي في إجمالي الناتج المحلي لدولة الإمارات العربية المتحدة خلال أقل من عشرة أعوام، وذلك بفضل الرؤى والاستراتيجيات الحكومية السبّاقة، والتعاون الوثيق والبنّاء بين القطاعين العام والخاص. ولطالما حرص بنك أبوظبي الأول على المساهمة بدور استراتيجي وفعال في دعم القطاع الصناعي الوطني، ونحن نفخر، من جانبنا، بمواصلة العمل على تعزيز نمو هذا القطاع الحيوي، ودعم مختلف جهود تنويع الموارد الاقتصادية. ويسرنا التعاون مع وزارة الصناعة والتكنولوجيا المتقدمة لتوفير الدعم المالي والحلول المبتكرة والخبرات الواسعة من أجل الاستفادة المثلى من الإمكانات الصناعية المحلية المتميزة، وترسيخ مكانة الدولة كمركز صناعي عالمي رائد. ومن خلال التركيز على دعم الشركات الناشئة والمشاريع الصغيرة والمتوسطة والشركات متعددة الجنسيات، يمهد التعاون بين بنك أبوظبي الأول ووزارة الصناعة والتكنولوجيا المتقدمة الطريق أمام تسريع نمو القطاع الصناعي الإماراتي، ووضع أسس راسخة للنمو المستقبلي للاقتصاد القائم على أسس التنوع والاستدامة".



وتعزز مذكرة التفاهم دعم المنشآت الصغيرة والمتوسطة من خلال تقديم الاستشارات المالية والمتعلقة بالصناعة، ومشاركة البيانات والخبرة والمعرفة المتخصصة في مجالات التعاون، ومشاركة ودعم وزارة الصناعة والتكنولوجيا المتقدمة في مبادرة "اصنع في الامارات"، وتوفير الحلول التمويلية بنسب أرباح تنافسية وفترات سداد مرنة، والترويج المشترك للاستثمارات الصناعية في الدولة تحت مظلة مبادرة "اصنع في الامارات"، ومشاركة البنك في الشراكة الصناعية التكاملية بين الإمارات ومصر والأردن والبحرين عبر تعريف عملاء البنك بالشراكة، وتشجيعهم على تقديم مشاريع صناعية، بالإضافة إلى توفير حلول تمويلية لمشاريع الشراكة.


جدير بالذكر أن منتدى "اصنع في الإمارات" يعد منصة رائدة تضم مجموعة واسعة من صناع القرار والمسؤولين من القطاعين الحكومي والخاص، إلى جانب الخبراء، ورواد الأعمال، والجهات التمويلية، والمستثمرين، ويشكل فرصة مثالية للتواصل وتبادل المعرفة بين أعضاء المجتمع الصناعي محلياً ودولياً، وعرض فرص الاستثمار المحلي في القطاع الصناعي، وتسليط الضوء على فرص توطين المنتجات وإعادة توجيه قيمة المشتريات إلى الاقتصاد الوطني عبر منح الأولوية في العطاءات للجهات المنضمة لبرنامج القيمة الوطنية المضافة.


ويهدف المنتدى إلى تعزيز دور القطاع الصناعي في الدولة والمساهمة في تحقيق التنمية الاقتصادية المستدامة وزيادة المرونة والقدرة على التعامل مع سلاسل التوريد كما يوفر فرصة فريدة للشركات الوطنية الرائدة والمصنعين لبناء الشراكات وتحقيق المزيد من النمو والتوسع، ويعزز تطوير الصناعات القائمة واستكشاف فرص نمو لصناعات المستقبل.

24 May, 2023

Regional energy management services leader Enova celebrates 20 years of enabling MENA organizations to reduce energy and water consumption, increase efficiencies, and save costs

  • Partnership between Majid Al Futtaim and Veolia has grown significantly across Gulf, Egypt, Levant, and Türkiye, enabling more than AED340 million in total cost savings and a total of 430,000 tons in CO2 reduction

E23 - Factsheet (20th Anniversary) ENG   Renaud Capris (Photo)


Dubai, United Arab Emirates, 23 May 2023: Marking two decades of operations in MENA, Enova, the regional leader in integrated energy and multi-technical services, is reporting that it has enabled total energy cost savings of more than AED340 million and a total CO2 reduction of more than 430,000 tons for clients since its establishment as a partnership between Majid Al Futtaim and Veolia in 2002.

With four ESCO (energy service company) accreditations in the region, Enova delivers comprehensive and performance-based energy and facilities management solutions to the Middle East’s largest international airports, healthcare facilities, hotels and resorts, and shopping malls, as well as metros and trams. 

According to CEO Renaud Capris, demand for Enova’s services will continue to grow as organizations in MENA prioritize energy-efficient solutions. “As we enter our 20th anniversary year, the region is more focused on sustainability than ever before, and there is tremendous demand for energy efficiency enabled through technology and digitalization. Moreover, 2023 has been declared the ‘Year of Sustainability’ by the UAE and COP28 will be hosted in Dubai, marking the second consecutive year that the global event will be held in the region,” Capris says.

“In this context, Enova’s immediate priorities over the next decade will be around increasing the energy efficiency of our customers, reducing their carbon footprint, and delivering clean, renewable energy solutions, through global innovations combined with regional and industry expertise,” he adds.

Through its real-time Hubgrade monitoring dashboard, Enova’s clients receive predictive models and advanced data analysis of energy consumption, leading to opportunities to reduce further resource usage and meet their sustainability objectives.

By integrating energy performance with facilities management solutions, Enova enables organizations in both the public and private sectors to focus on their own operations and core competencies.

Growth drivers

Supporting regional organizations with net-zero and sustainability strategy goals, Capris anticipates sizable growth opportunities in 2023 from the transportation, healthcare, hospitality, and industry sectors, with a considerable pipeline of energy performance demand coming from the region’s private sector.

“Solar Photovoltaic technologies are among Enova’s growth drivers for 2023 and beyond,” Capris continued. “In parallel, energy-efficient solutions are increasingly enabling regional organizations to optimize their costs, while equally reassuring their own customers of a measurable and sustainable approach to reduce usage for electricity and water.”

Attracting, developing, and retaining talent in energy performance is a key goal for Enova, which employs more than 5,000 professionals across the MENA region, with a focus on nationalization in markets such as the Kingdom of Saudi Arabia and the UAE.

Increased market regulation and a regional focus on digital transformation are among the major trends that will drive Enova’s continued expansion in the next 10 years. “Companies are increasingly adopting their country’s focus on measurable sustainability goals, and at the same time, building and system automation are becoming more prevalent, with AI and other innovations delivering greater insight and digitalized improvements,” Capris concluded.



رائدة خدمات إدارة الطاقة الإقليمية في الشرق الأوسط وشمال إفريقيا

"إنوڤا" تحتفل بعشرين عامًا من تمكين المؤسسات من خفض استهلاك الطاقة والمياه وتوفير التكاليف


نمو ملحوظ في الشراكة بين "ماجد الفطيم" و"ڤيوليا" في أنحاء الخليج ومصر والمشرق العربي وتركيا أتاح خفض أكثر من 340 مليون درهم في إجمالي التكاليف و430 ألف طن في ثاني أكسيد الكربون


Renaud Capris (Photo)   E23 - Factsheet (20th Anniversary) ARA


دبي، الإمارات العربية المتحدة، 23 مايو2023 – أعلنت "إنوڤا"، الشركة الإقليمية الرائدة في الإدارة المتكاملة للطاقة والمنشآت والخدمات متعددة التقنيات، عن أنها نجحت في تمكين المؤسسات في منطقة الشرق الأوسط وشمال إفريقيا من تحقيق وفرٍ إجمالي في تكاليف الطاقة تجاوز 340 مليون درهم إماراتي، وخفضٍ في انبعاثات ثاني أكسيد الكربون بلغ أكثر من 430 ألف طن، وذلك بمناسبة تأسيسها قبل عقدين في إطار شراكة بين "ماجد الفطيم" و"فيوليا" في عام 2002.


وتزوّد "إنوڤا" عددًا من أكبر المطارات الدولية ومرافق الرعاية الصحية والفنادق والمنتجعات ومراكز التسوق وأنظمة المترو والترام في الشرق الأوسط، بحلول إدارة شاملة للطاقة والمرافق، تتّسم بكونها قائمة على الأداء، وذلك من خلال أربع شهادات اعتماد إقليمية حصلت عليها من شركات خدمات الطاقة "إسكو".


وتوقّع رينو كابري الرئيس التنفيذي لشركة "إنوڤا"، استمرار النمو في الطلب على خدمات الشركة، مشيرًا إلى أن المؤسسات في الشرق الأوسط وشمال إفريقيا تحرص على إعطاء الأولوية للحلول الموفرة للطاقة. وأضاف: "نجد اليوم، في عامنا العشرين في المنطقة، اهتمامًا متزايدًا بالاستدامة لم يسبق له مثيل، فثمّة طلب هائل على حلول كفاءة الطاقة القائمة على التقنيات الحديثة والرقمنة، وعلاوة على ذلك، فقد أعلنت دولة الإمارات أن عام 2023 هو "عام الاستدامة"، في حين تستعدّ دبي لاستضافة مؤتمر "كوب 28"، الحدث الدولي الكبير الذي يقام في المنطقة للعام الثاني على التوالي".


وفي هذا السياق، سوف تتمحور أولويات "إنوڤا" على مدار العقد المقبل حول زيادة كفاءة الطاقة وتقليل البصمة الكربونية وتقديم حلول الطاقة النظيفة والمتجددة للمؤسسات، من خلال الابتكارات العالمية المدعومة بالخبرة الإقليمية والتخصصية الواسعة، بحسب الرئيس التنفيذي للشركة.


ويتلقى عملاء "إنوڤا" نماذج تنبؤية وتحليلات بيانية متقدمة لاستهلاك الطاقة، من خلال لوحة البيانات المتصلة لحظة بلحظة بالمنصة "هبغريد" Hubgrade، ما يؤدي إلى إيجاد فرص مواتية لتقليل استهلاكهم للموارد وتحقيق أهدافهم الخاصة بالاستدامة.


وتمكّن "إنوڤا" المؤسسات في كل من القطاعين العام والخاص من التركيز على عملياتها وكفاءاتها الأساسية، من خلال الدمج ما بين إدارة الطاقة وحلول إدارة المرافق.


محرّكات النمو


وتوقّع كابري أن تشهد المنطقة فرص نمو كبيرة في عام 2023 في قطاعات النقل والرعاية الصحية والضيافة والصناعة، مع طلب واسع على حلول أداء الطاقة من القطاع الخاص في المنطقة، مؤكّدًا اهتمام الشركة بدعم المؤسسات في المنطقة للوصول إلى أهدافها الاستراتيجية المتعلقة بالحياد الكربوني والاستدامة.


ومضى كابري إلى القول: "تُعدّ تقنيات الطاقة الشمسية الكهروضوئية من أهمّ محرّكات النمو لدى "إنوڤا" لعام 2023 والسنوات التي تليه، وبالتوازي مع هذا، فإن الحلول الموفرة للطاقة تمكّن المؤسسات في المنطقة من التوفير في التكاليف، وطمأنة عملائها تجاه اتباع نهج مستدام وقابل للقياس لترشيد استهلاك الكهرباء والمياه".


ويُعدّ استقطاب أصحاب المواهب التخصصية في أداء الطاقة، وتنميتهم واستبقائهم، هدفًا رئيسًا لشركة "إنوڤا"، التي توظف ما يزيد على 5,000 متخصص في جميع أنحاء منطقة الشرق الأوسط وشمال إفريقيا، مع التركيز على التوطين في أسواق مثل المملكة العربية السعودية ودولة الإمارات.


وترى الشركة في زيادة التشريعات التنظيمية للسوق الإقليمية، والتركيز على التحوّل الرقمي فيها، من أهمّ التوجهات التي من شأنها المساهمة في التوسّع المستمر للشركة في السنوات العشر القادمة. وانتهى كابري إلى القول: "يزداد إقبال المؤسسات في انحاء المنطقة على تبنّي الأهداف الوطنية الخاصة بالاستدامة والقابلة للقياس، في وقت أصبحت أتمتة البناء والأنظمة أكثر انتشارًا، لا سيما مع قدرة تقنيات الذكاء الاصطناعي والابتكارات الأخرى مما يتيح رؤى أعمق وإضفاء المزيد من التحسينات الرقمية".

22 May, 2023

StashAway Sets New Benchmark: Cash Management Portfolio Offers UAE's Highest Projected Rate at 4.5% p.a.



StashAway boosts cash management returns in UAE, empowering clients to achieve their financial goals


Dubai, UAE – 17th May 2023 - StashAway, a leading digital wealth management platform, has announced a significant increase in the projected rate of return for its cash management portfolio, StashAway Simple™, in the UAE. With the projected rate rising from 4.0% to 4.5% p.a., StashAway has emerged as a frontrunner in offering its clients the highest potential returns on their spare cash.         


In an era of persistent inflation, leaving idle cash in traditional bank savings accounts can result in its gradual depreciation. However, StashAway Simple™ presents savvy investors with a compelling alternative, providing them with an opportunity to earn more on their savings amid market uncertainties.


Joseph El Am, General Manager of StashAway MENA, highlighted the company's commitment to supporting clients in their financial journey, stating, "Earning higher returns on your savings should be simple and straightforward. With      his rate increase, consumers now have a convenient and highly effective way to work towards their financial aspirations – whether they are saving for a big ticket purchase, building an emergency fund, or simply seeking a better avenue to park their cash."


StashAway Simple™ is an ultra-low-risk, high-yield cash management portfolio designed to enable investors to effortlessly grow their cash.     


Notably, StashAway Simple™ offers numerous advantages, including no minimum deposit requirements, no lock-in periods, no withdrawal fees, and no management fees. This client-centric approach enables individuals to take control of their finances, allowing them to save and grow their cash with unparalleled ease and flexibility.


With StashAway's commitment to providing clients with competitive returns and innovative investment solutions, individuals can now navigate market volatility with confidence and work towards achieving their long-term financial goals.


Energy Storage Production Company ‘VOLTS’ Showroom Opens in Masdar City, Abu Dhabi

Volts UAE Ltd. is a production company creating smart home energy storage systems and founded in UAE in 2019. 

(Abu Dhabi, 22 May) Home-based VOLTS, a smart energy storage system, has opened its showroom in Masdar City, Abu Dhabi this month. VOLTS started as one of the portfolio companies of The Catalyst, a joint venture between Masdar City and BP focused on clean-tech. Since then, they have established as a full-fledged organization begins a full-scale production of clean energy storage systems in the capital. 


VOLTS is an energy storage system that provides a reliable power supply, providing homes with electricity when they are cut off from the grid. It has 4 – 45 kW power (the configuration of the required power individually and can be expanded) and up to 24 hours of self-contained operation. VOLTS also forms an independent solar station in one box in combination with solar panels, so you can supply your house or premises with clean electric energy for various purposes.

VOLTS is the only one on the energy storage market that offers customization of the device case. VOLTS customers can choose any color or print for the case: a traditional ornament or even a poster of their favorite rock group. Due to its compact size, VOLTS can be easily integrated into the interior of any home.

“The new VOLTS showroom not only showcases their innovative smart-energy storage products, but also demonstrates their dedication to empowering individuals to use solar electricity,” said Suleiman Amin, the managing director of The Catalyst. “The Catalyst is proud to support VOLTS as they contribute to Masdar City’s sustainable tech ecosystem and help pave the way for a carbon-neutral power supply.”

VOLTS is 100% eco-friendly and clean: It doesn’t produce any noise or emissions so it can be installed in any room of the house and become a technological part of the home decor.

Energy storage today is a new device for most users. But it already defines the way people will consume electricity in the near future.







Grand Opening: 18 May 2023

VOLTS showroom, located in center of Masdar City, will open to the public starting May 18. During the grand opening, the product specs will be explained to selected guests to showcase the importance of sustainable technologies and how they operate. The VOLTS team and the members of the Masdar City team will be present. Masdar City is a pioneer of clean energy tech innovation. 

VOLTS team 

·      Aleksandr Kiianitsa – Co-founder & CEO

·      Vladimir Mlynchik – Co-Founder

·      Artem Denisov – Co-Founder

·      Andrei Kozhevin - Managerial Partner

·      Anna Talueva – Sales Director


·      Abdullah Balalaa – Chairman, Masdar City 

·      Mohamed Al Breiki - Executive Director, Masdar City 

·      Ahmed Baghoum – CEO, Masdar City

·      Salem bin Ashoor - Vice President, BP, United Arab Emirates  

·      Suleiman Amin - Managing Director, The Catalyst


Technology advancements aid Orient Finance's trading activities grow by over 70 per cent


Company provides traders with access to a range of financial instruments through its cutting-edge platform, along with real-time market data and analysis


May 22, 2023

Orient Finance, a trusted global investment partner in the UAE, recorded a 70 per cent growth in financial trading activities that resulted from major technological improvements. With a 24/5 local customer support and innovative third-party trading tools, Orient Finance was able to empower its customers with well-informed investment opportunities round the clock.


The latest technological upgrades resulted from Orient Finance’s mission to embrace innovation and use technology to drive positive changes, especially as it continues to evolve and disrupt traditional financial practices. With a vision to reshape the financial landscape, the company has been at the forefront of this transformative journey by harnessing the power of advanced technologies and offering cutting-edge solutions and customer-centric services. The growth can also be attributed to strategic partnerships, research and development, and a thorough understanding of the local know-how, all of which have helped Orient Finance shape the future of the financial industry in the Middle East.


Seraj Asad Khan, Managing Director of Orient Finance, said: "Since inception, the foundation of our business has been our commitment to our customers. The latest advancements in trading activities are proof of both the success of our customer-centric approach to the market, as well as our ambition to challenge and revolutionise traditional trading methods. In light of this success, we will continue to drive the adoption of advanced technology and tools that will promise customers a new-age, customer-friendly, and technologically advanced solutions."


The Middle East is witnessing a remarkable shift in the financial services landscape, driven by technological advancements and changing consumer demands. By embracing technology, using data and analytics to offer a seamless trading experience, and staying committed to delivering exceptional customer experiences, Orient Finance continues to maintain its market position the most trusted global investment partner in the UAE since 1994.


21 May, 2023

Savoye achieves remarkable growth in 2022 with turnover exceeding AED 800 million

The company is pursuing it growth strategies, further setting new goals to expand across Middle Eastern countries

The company will participate in Seamless Middle East 2023 to share insights on best practises


21, May 2023: Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, achieved a remarkable milestone globally by attaining a global turnover of over AED 800 million in 2022, which is a six per cent increase compared to the previous year.


Savoye's remarkable growth in 2022 can be attributed to its unwavering focus on innovation, quality, and customer satisfaction, despite the challenges posed by a rapidly changing and fiercely competitive market. By remaining dedicated and working tirelessly, Savoye has been able to retain its position as a leader in the fields of warehouse automation and software publishing. This achievement is a testament to its commitment to providing innovative solutions and exceptional customer service.


Furthermore, Savoye will share its expertise at the Seamless Middle East 2023, which will be held on May 23 and 24. The company will showcase its innovative ACR Robotic Solutions, goods-to-person X-PTS system, packing solutions and their most popular solution, the ODATiO, which is a combination of WMS (Warehouse Management System) and TMS (Transport Management System). Additionally, Alain Kaddoum will be a part of a panel discussion on day one titled ‘The promise of next-level automation: the future with autonomous robots’ during which he will share his insights on the best practices in the industry.


Alain Kaddoum, Managing Director of Savoye Middle East, said: “We are proud of Savoye’s successful journey, and the improvements we are bringing about through our innovative solutions in the logistics and supply chain industry. These milestones are a testament to our internal team's tenacity and commitment, as well as their fresh concepts and ideas. The growth we saw last year motivates us to keep innovating and expanding our services and solutions. The lack of components throughout 2022 had an impact on our operations in terms of budgeting and planning.”


He added: “Our team's mobilisation and the execution of action plans helped reduce the delay in realisation of the turnover. The supply-side conflict and the impact of price rises are still an issue in 2023. As one of the key companies in this market, which is still developing on a global basis, we plan to keep expanding our market share and sustaining our growth trajectory. We are also excited to be a part of Seamless Middle East this year and we intend to take the opportunity to meet new business prospects, forge new relations and share our expertise.”


Savoye conducted over 100 recruitment efforts in 2022 to reach the approximately 1,000 people who are currently employed by the global organisation. Furthermore, new production facilities are also a part of this exceptional growth. Moreover, sales results from new X-PTS automated preparation projects have been largely responsible for the rise in sales across Europe and the US in 2022. With a complementarity of technology and software that enables Savoye to complete larger projects, the company's automated warehouse solutions stand out from the competition.


The growth in sales achieved through the network of Savoye Business Partners has also been exceptional. These global integration partnerships have been increasing in number, further making a considerable impact on sales of packaging machines, which broke their record in 2022.


Savoye aims at further expand across Middle Eastern markets to boost sales and introduce their innovative solutions in more countries. The company is currently setting up its office in Saudi Arabia and bringing new leads while providing its high-quality solutions.