Multiply Group (ADX: Multiply or the “Group”), a technology-focused holding company based in Abu Dhabi, has been added to the FTSE Global Equity Index Series (FTSE GEIS) Mid Cap Index in its June quarterly review. The inclusion comes into effect on Monday 20 June 2022.
Deliveroo, the leading on-demand food delivery service in the UAE, has unveiled its fifth Editions site in Dubai. The new site, located in Mirdif, opens up a whole new range of neighbourhoods for restaurants to expand their radius. It also brings, for the very first time, a selection of award-winning brands to customers in the area.
Ford Motor Company announced it will join the First Mover’s Coalition, an initiative led by the US Department of State and the World Economic Forum that includes more than 30 of the world’s leading companies committed to harness their purchasing power and supply chains to create early markets for innovative clean energy technologies. In joining the First Mover’s Coalition, Ford pledges that at least 10 per cent of all steel purchased (per year, by volume) will be near-zero emissions by 2030 and that at least 10 per cent of total primary aluminium purchased (per year, by volume) will be at or below a near-zero threshold of carbon intensity by 2030.
Goodyear, Swaidan Trading Co LLC and Tires.ae launched a brand-new tire and services outlet in Mussafah. The facility marks an expansion of operations in the UAE for the global tire manufacturer, and reinforces the commitment of Goodyear and its partners to offer quality mobility products and services to drivers across the United Arab Emirates (UAE).
To meet the growing demand for bandwidth in the region, Beyond Technology (BT), a world leader in digital transformation announces investments in the Middle East, Africa and South Asia to support regional fiberization projects with Infinera solutions. Infinera is a recognized leader in high-performance optical networking solutions and Beyond Technology, with its presales, deployment, and support engineering expertise will be able to cater to the growing demand for their projects. Moreover, BT has also signed service agreements allowing for 33 warehouse facilities across the region, including in United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Egypt, Pakistan, Tunisia, Jordan, and Oman.
FAS Labs, owned by Fawaz Abdulaziz Alhokair Co. (“Alhokair”), the leading franchise retailer in Saudi Arabia, and Arabian Centres Company (“ACC”), the leading owner, developer, and operator of lifestyle shopping centers in Saudi Arabia, have entered into a strategic partnership with valU for Consumer Finance S.A.E. (“valU”) on the 5th of June 2022. The agreement will accelerate the geographical expansion of the MENA region’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, providing digital consumer finance solutions in Saudi Arabia through FAS Finance.