du partners with Microsoft, Nokia, Khalifa University, and ITU to Launch Region's First Arabic Telecom LLM for Operational Excellence
Looking forward, this collaboration lays the groundwork for extending the model's capabilities beyond internal operations to include customer-facing functions and multilingual support, paving the way for broad sectoral innovation. du and its partners are dedicated to advancing this Arabic Telecom LLM as a benchmark for localized, responsible AI application in the telecom industry and beyond.
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Al Bawaba
29 minutes ago
- Al Bawaba
ADX welcomes Thndr as its first remote retail trading member, empowering over four million users to invest directly in the UAE
The Abu Dhabi Securities Exchange (ADX) today onboarded Thndr, a leading retail investment platform in the MENA region, as the first remote retail trading member on the largest exchange in the UAE, the second largest in the MENA region, and among the top 20 in the a Hub71 start-up, is one of MENA's first fully digital investment platforms. Regulated by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than four million downloads, access to three markets – the UAE, Egypt, and the U.S. – and a wide range of asset classes, including stocks, gold, mutual funds, and savings products, Thndr is building a true investment one-stop users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the ADX's commitment to connecting Abu Dhabi to global capital. This landmark announcement was made today during a special event at the ADX's headquarters in Abu Salem Alnuaimi, Group Chief Executive Officer of the ADX, said: 'ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region's capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi's robust capital market. We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge- and investment-led economy.'Remote Trading Members allow more individuals, international brokers, and institutions to buy and sell ADX-listed securities, in line with many international practices, without the need for physical presence in the UAE, thereby growing and diversifying the investor base, attracting foreign investment, improving liquidity, and driving more trading in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products.'We're proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear. This partnership gives our users the chance to invest in one of the region's strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it's about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together,' said Ahmad Hammouda, Co-founder and CEO of Thndr.'This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE's impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region,' said Seif Amr, Thndr's Co-founder and Board onboarding of Thndr supports ADX's key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model, and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer, and advancing cross-border collaboration. With a market capitalization of AED 3.1 trillion, the ADX reflects Abu Dhabi's role as a dynamic global investment hub. The ADX has been the best-performing market in the GCC region, outperforming the MSCI Emerging Markets Index over the past decade and global indices over the past 20 years.
Al Bawaba
2 hours ago
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AMBIPAR and Ajman Bank Forge Strategic Partnership Toward a Joint Sustainability Journey
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Al Bawaba
2 hours ago
- Al Bawaba
DP World Expands Vehicle Capacity at Jebel Ali to Meet Surging Demand
DP World has significantly expanded its automotive logistics capacity to meet growing demand at Jebel Ali Port, with the launch of a new 2.6 million square foot vehicle storage yard at Terminal 4. The upgrade adds 13,000 CEUs (car equivalent units), raising the port's total storage capacity to 75,000 CEUs, and further cements Dubai's position as the Middle East's leading hub for automotive expansion includes an 800-metre quay that can handle up to three roll-on/roll-off (RoRo) vessels simultaneously. By reallocating RoRo operations from Terminal 1 to the new purpose-built zone at Terminal 4, DP World is improving berth availability, speeding up turnaround times and expanding port space to meet growing customer demand and absorb future Bin Damithan, CEO and Managing Director, DP World GCC, said: 'Dubai is scaling up its role as a global automotive trade hub and this expansion gives car manufacturers, dealers, and logistics providers faster, more reliable access to key markets across the Middle East, Africa, and beyond.'Shahab Al Jassmi, SVP - Commercial, Ports and Terminals, DP World GCC, added: 'This is a customer focused investment. More yard space, quicker service and reliable berth availability are all designed to help the automotive supply chain grow.'The announcement comes amid strong growth in vehicle volumes. In the first half of 2025, Jebel Ali handled 545,000 vehicles at the port, up 28% year-on-year. Imports accounted for 65% of the total, primarily from China, Japan, Thailand, India and South Korea. The expansion is part of DP World's broader automotive strategy, which includes plans for a 20 million sqft advanced car market in Dubai, set to be the largest in the world. Together, these projects support Dubai's D33 agenda to double its economy by 2033 and become a global leader in smart logistics.
