Latest news with #MohamedAlMazrouei
Emirates 24/7
09-05-2025
- Politics
- Emirates 24/7
Hamdan bin Mohammed attends joint military exercise 'Desert Flag 10'
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, today attended the conclusion of the joint military exercise 'Desert Flag 10'. Held in the UAE, the exercise brought together elite air forces from allied and friendly nations, highlighting strong international military cooperation and the exchange of expertise in a realistic operational setting. His Highness witnessed a series of advanced and varied training exercises carried out during the drill, which was also attended by His Excellency Mohamed bin Mubarak bin Fadhel Al Mazrouei, Minister of State for Defence Affairs; and Major General Staff Pilot Rashed Mohammed Al Shamsi, Commander of the UAE Air Force and Air Defence, along with a number of senior officers. The exercises included a range of advanced and varied operations, notably the coordination of multinational joint air operations, aimed at enhancing combat readiness and strengthening cooperation across all levels. Sheikh Hamdan praised the exceptional performance of participating teams across every phase of the exercise. He highlighted their strong commitment to applying military strategies and achieving full coordination and integration. His Highness expressed pride in the UAE Air Force's readiness and tactical excellence, noting its ability to handle real-world scenarios. He credited this performance to the nation's leadership, which prioritises investment in specialised training, advanced defence capabilities, and the development of a highly effective, precision-ready force. The "Desert Flag 10" supports the development of joint operational strategies, providing a realistic training environment that enhances defence capabilities and fosters greater cooperation and knowledge sharing among participating countries. Follow Emirates 24|7 on Google News.
Filipino Times
01-05-2025
- Business
- Filipino Times
Over 23 million recyclables collected in 2024 through Abu Dhabi's ‘bottle return scheme'
Abu Dhabi's efforts to reduce waste and promote sustainability are paying off. Through its Bottle Return Scheme, the city collected more than 23 million recyclable items in 2024, including over 544,000 kilograms of plastic and 18,000 kilograms of aluminum, helping to reduce the environmental impact of waste. Since its launch in 2023, the program has recorded over 2,000 tonnes of plastic bottles returned. Thanks to this effort, the emirate has prevented over 3.5 million kilograms of carbon dioxide (CO₂) emissions, supporting Abu Dhabi's goal of cutting carbon emissions by 22% by 2027. This program encourages residents to return used plastic bottles and aluminium cans by dropping it on 'Sparklomats,' also known as Reverse Vending Machines (RVMs). Led by the Environment Agency – Abu Dhabi (EAD) in collaboration with cleantech company Sparklo, more than 100 RVMs have been installed across the city's popular retail outlets, making recycling more accessible and engaging for the public. One machine even set a record by processing over 8,500 items in a single day, showing how convenient recycling can boost participation. Officials say the success of the program proves how easy access and strong partnerships between government and private companies can drive real change. 'We seek to integrate sustainability practices into daily life in the emirate,' Sheikha Mohamed Al Mazrouei, Executive Director of the Integrated Environmental Planning and Policy Sector at EAD, said. 'This initiative, with its objectives represents a strategic investment that consolidates the concept of environmental responsibility. By supporting the principles of the circular economy, we seek to strengthen Abu Dhabi's leading position in the global transformation towards building a sustainable future,' she added.
Al Etihad
30-04-2025
- Business
- Al Etihad
EAD recovers 2,000+ tonnes of bottles since launch of Bottle Return Scheme
30 Apr 2025 10:13 ABU DHABI (ALETIHAD)The Environment Agency – Abu Dhabi (EAD) has recovered more than 2,000 tonnes of bottles since the launch of the Bottle Return Scheme in 2023. Following the launch of the scheme, the Environment Agency– Abu Dhabi, along with Sparklo, EAD's strategic oversight and cleantech leader, also collected 23 million recyclables in 2024. The scheme, part of the Abu Dhabi Single-Use Plastic policy, empowered residents to adopt responsible waste disposal agency has collaborated with several partners from the retail industry, waste operators and cleantech providers, and with Sparklo, deployed more than 100 Reverse Vending Machines (RVMs), known as Sparklomats, across Abu Dhabi, with retail outlets of ADNOC, Lulu and Carrefour, offering convenient return access points for plastic bottles and aluminium 23 million recyclables collected in 2024 alone, included more than 544,000kg of plastic and 18,000kg of aluminium. The cumulative impact of this initiative has prevented more than 3.5 million kg of CO₂ emissions, aligning with Abu Dhabi's ambitious goal of a 22 per cent carbon emissions reduction by 2027. In a single-day milestone, one Sparklomat processed more than 8,500 items, setting a record for individual unit Mohamed Al Mazrouei, Executive Director of the Integrated Environmental Planning and Policy Sector at EAD, said: 'We seek to integrate sustainability practices into daily life in the emirate. The EAD-led Bottle Return Scheme, held in collaboration with private sector organisations, including Sparklo, embodies the importance of partnerships, technology, and community engagement in creating a sustainable environmental impact." She added, "This initiative, with its objectives, represents a strategic investment that consolidates the concept of environmental responsibility. By supporting the principles of the circular economy, we seek to strengthen Abu Dhabi's leading position in the global transformation towards building a sustainable future.'For his part, Maxim Kaplevich, Founder and CEO of Sparklo, said: 'The partnership with EAD exemplifies the success of government-private sector collaboration. With EAD's unwavering support, we have expanded the RVM network, contributing directly to Abu Dhabi's sustainability agenda. The results speak for themselves – when recycling is made simple and engaging, communities embrace the change, reinforcing the role of practical solutions in environmental progress.' As EAD and Sparklo continue to scale the initiative, efforts will focus on expanding the RVM network and deepening community engagement, further solidifying Abu Dhabi's leadership in sustainable innovation. Source: Aletihad - Abu Dhabi
Mid East Info
10-04-2025
- Business
- Mid East Info
Strategic Development Fund and QuantCube Technology Launch Joint Venture to Support the Growth of AI-Powered Economic Intelligence in the UAE
Strategic Development Fund (SDF), an Abu Dhabi based investment company wholly owned by EDGE Group PJSC, and QuantCube Technology, a Paris-based expert in real-time macroeconomic intelligence, announced today that they have entered into an agreement to establish a joint venture in Abu Dhabi. The announcement, made during the AIM Congress 2025, reflects a shared ambition to align with the UAE's focus on artificial intelligence and data-driven decision-making. The joint venture, to be jointly owned by SDF and QuantCube Technology, will build on QuantCube's advanced capabilities in alternative data and AI to deliver real-time, actionable economic and financial intelligence. Designed for institutional investors, corporates, financial institutions, and government agencies across the region, the platform will support strategic planning, forecasting, and data-driven decision-making. In addition to macroeconomic and financial analytics, the partnership will enable dynamic tracking of global supply chains and physical asset flows, leveraging QuantCube's real-time nowcasting and geospatial data tools to support operational readiness and strategic insight. By combining powerful AI-driven analytics with deep regional integration, this collaboration aims to unlock new use cases and broaden access to advanced intelligence solutions for organizations navigating increasingly complex environments. 'This joint venture with QuantCube reflects our commitment to introducing innovative technologies that can be customized, implemented, and delivered across different industries in the region through the UAE, providing them with strategic and financial value,' said Mohamed Al Mazrouei, Chief Portfolio Management Officer, SDF. 'As a strategic investor in QuantCube, we recognized significant potential in applying this capability across various sectors to optimize supply chain management. This joint venture is an opportunity to unlock and bring advanced, AI-powered and customizable data & analytics solutions and insights to the UAE and regional markets – making timely intelligence more accessible to private and government clients.' 'We are excited to collaborate with SDF, one of our strategic shareholders in QuantCube, to bring our nowcasting expertise to the UAE and wider region,' said Thanh-Long Huynh, Co-Founder & CEO, QuantCube. 'Through this joint venture, we aim to deliver innovative solutions that provide institutions across various industries with timely, accurate insights and forecasting analytics. These capabilities will help drive their growth within the region's thriving economy and support more informed, strategic decision-making in a rapidly evolving global landscape.' The joint venture builds on SDF's initial investment in QuantCube in 2022, which was followed by further investments over the past few years, and reflects SDF's continued confidence in the company's capabilities. By establishing operations in the UAE, the partners aim to make AI-powered nowcasting tools and alternative data analytics available to decision-makers in the region. As the collaboration evolves, the joint venture is well positioned to enable data-informed strategies and broaden the use of advanced analytics as practical tools for organisations navigating an increasingly complex regional landscape. About Strategic Development Fund (SDF): Strategic Development Fund (SDF) is an Abu Dhabi-based investment company, wholly owned by EDGE Group PJSC. Established in 2019, SDF focuses on generating financial returns and fostering economic impact within the UAE's strategic sectors. The company invests in dual-use and commercial technologies across areas such as aerospace, advanced mobility, autonomous systems, robotics, and artificial intelligence. By leveraging global partnerships, SDF accelerates the growth of its portfolio companies and fosters the development of cutting-edge technologies within the UAE. Additionally, SDF contributes to enhancing critical supply chain resilience, aligning with the UAE's vision for innovation and economic diversification. About QuantCube Technology: QuantCube Technology uses artificial intelligence and big data analytics to deliver real-time macro-economic insights. The firm operates one of the largest alternative data lakes in the world, processing more than 14 billion data end points. Sources encompass news, social media, satellite data, professional networks and consumer reviews, as well as international trade, shipping, real estate, hospitality, telecoms and goods and prices data. QuantCube's macro nowcast indices, on variables including economic growth, inflation, employment and international trade, correlate highly with official data and significantly beat the consensus. Financial institutions using QuantCube data benefit from real-time insight, often ahead of official numbers, which they can use to inform their investment strategies. Headquartered in Paris, QuantCube employs a diverse international team of data scientists with expertise in multilingual NLP, deep learning and machine learning techniques. The company's shareholders include SDF and Moody's and its R&D in computer vision has been partially funded by the European Space Agency (ESA) and French government space agency CNES.
Zawya
10-04-2025
- Business
- Zawya
Strategic Development Fund and QuantCube Technology launch joint venture
Abu Dhabi, UAE: Strategic Development Fund (SDF), an Abu Dhabi based investment company wholly owned by EDGE Group PJSC, and QuantCube Technology, a Paris-based expert in real-time macroeconomic intelligence, announced today that they have entered into an agreement to establish a joint venture in Abu Dhabi. The announcement, made during the AIM Congress 2025, reflects a shared ambition to align with the UAE's focus on artificial intelligence and data-driven decision-making. The joint venture, to be jointly owned by SDF and QuantCube Technology, will build on QuantCube's advanced capabilities in alternative data and AI to deliver real-time, actionable economic and financial intelligence. Designed for institutional investors, corporates, financial institutions, and government agencies across the region, the platform will support strategic planning, forecasting, and data-driven decision-making. In addition to macroeconomic and financial analytics, the partnership will enable dynamic tracking of global supply chains and physical asset flows, leveraging QuantCube's real-time nowcasting and geospatial data tools to support operational readiness and strategic insight. By combining powerful AI-driven analytics with deep regional integration, this collaboration aims to unlock new use cases and broaden access to advanced intelligence solutions for organizations navigating increasingly complex environments. 'This joint venture with QuantCube reflects our commitment to introducing innovative technologies that can be customized, implemented, and delivered across different industries in the region through the UAE, providing them with strategic and financial value,' said Mohamed Al Mazrouei, Chief Portfolio Management Officer, SDF. 'As a strategic investor in QuantCube, we recognized significant potential in applying this capability across various sectors to optimize supply chain management. This joint venture is an opportunity to unlock and bring advanced, AI-powered and customizable data & analytics solutions and insights to the UAE and regional markets - making timely intelligence more accessible to private and government clients.' 'We are excited to collaborate with SDF, one of our strategic shareholders in QuantCube, to bring our nowcasting expertise to the UAE and wider region,' said Thanh-Long Huynh, Co-Founder & CEO, QuantCube. 'Through this joint venture, we aim to deliver innovative solutions that provide institutions across various industries with timely, accurate insights and forecasting analytics. These capabilities will help drive their growth within the region's thriving economy and support more informed, strategic decision-making in a rapidly evolving global landscape.' The joint venture builds on SDF's initial investment in QuantCube in 2022, which was followed by further investments over the past few years, and reflects SDF's continued confidence in the company's capabilities. By establishing operations in the UAE, the partners aim to make AI-powered nowcasting tools and alternative data analytics available to decision-makers in the region. As the collaboration evolves, the joint venture is well positioned to enable data-informed strategies and broaden the use of advanced analytics as practical tools for organisations navigating an increasingly complex regional landscape. About Strategic Development Fund (SDF): Strategic Development Fund (SDF) is an Abu Dhabi-based investment company, wholly owned by EDGE Group PJSC. Established in 2019, SDF focuses on generating financial returns and fostering economic impact within the UAE's strategic sectors. The company invests in dual-use and commercial technologies across areas such as aerospace, advanced mobility, autonomous systems, robotics, and artificial intelligence. By leveraging global partnerships, SDF accelerates the growth of its portfolio companies and fosters the development of cutting-edge technologies within the UAE. Additionally, SDF contributes to enhancing critical supply chain resilience, aligning with the UAE's vision for innovation and economic diversification. About QuantCube Technology: QuantCube Technology uses artificial intelligence and big data analytics to deliver real-time macro-economic insights. The firm operates one of the largest alternative data lakes in the world, processing more than 14 billion data end points. Sources encompass news, social media, satellite data, professional networks and consumer reviews, as well as international trade, shipping, real estate, hospitality, telecoms and goods and prices data. QuantCube's macro nowcast indices, on variables including economic growth, inflation, employment and international trade, correlate highly with official data and significantly beat the consensus. Financial institutions using QuantCube data benefit from real-time insight, often ahead of official numbers, which they can use to inform their investment strategies. Headquartered in Paris, QuantCube employs a diverse international team of data scientists with expertise in multilingual NLP, deep learning and machine learning techniques. The company's shareholders include SDF and Moody's and its R&D in computer vision has been partially funded by the European Space Agency (ESA) and French government space agency CNES.
