Dubai News TV

Mensha Ventures, with an unwavering commitment to advancing the global transition towards clean energy, has signed a Memorandum of Understanding with strategic partners from China to bolster UAE’s capabilities in sustainability and infrastructure. During the Annual Investment Meeting held in Abu Dhabi, an MoU was signed among the Asia Development & Investment Bank, Hoover Investment Group, and Shenzhen Sinomaster Investment Group (SMT). This partnership has committed to a collaborative investment of $1 billion in green energy and infrastructure projects in the UAE. The signing was witnessed by several high-ranking officials, including Annual Investors Meeting President Dawood Al Shezawi and His Excellency Thani Al Zeyoudi, Minister of State for Foreign Trade of the UAE. Carbon footprint reduction The primary goal of this collaboration is to bolster the UAE's sustainable capabilities and capacity by developing green energy infrastructure projects. All the par...

Generative artificial intelligence (AI) and environmental, social and governance (ESG) activities are attracting the highest levels of investment in travel technology at present, according to innovation specialist, Plug and Play. Experts from the Silicon Valley-headquartered firm shared a range of insights into the latest investment trends on the Travel Tech Stage at Arabian Travel Market (ATM) 2023 ). The innovation specialists explored how macroeconomic headwinds and fears of a global recession were affecting travel startups during an ‘ Investment Trends Leading Travel Tech ’ session. Increased focus on profitability Kristie Choi, Early Stage Tech Investor at Plug and Play, noted that venture capital (VC) investment witnessed a “dramatic pullback” in the second half of 2022, a trend that continued into Q1 2023. “While this looks pretty scary, there are still billions of dollars of dry powder out there to be gained,” she told attendees. “Travel tech round dynamics tend...