Abu Dhabi Waste Management, better known as Tadweer, has signed a preliminary agreement with Amman’s municipality to explore investment opportunities in the waste management sector.
Tadweer, which is part of Abu Dhabi holding company ADQ's portfolio, and the Greater Amman Municipality will evaluate potential partnerships and investment opportunities between the public and private sector in the UAE and Jordan, the emirate's media office said on Wednesday.
Both parties will also seek to share their expertise, insights and research related to waste management. They also plan to co-ordinate efforts to provide training and raise awareness in the field.
“The signing of the memorandum of understanding reaffirms Tadweer's commitment to establishing partnerships with local and global stakeholders in the waste management sector,” said Tadweer chief executive Ali Al Dhaheri.
“This partnership comes as part of our efforts to developing joint solutions, exchange knowledge and expertise based on world-class studies and research, and build upon the success stories and initiatives of both countries.”
In December, Abu Dhabi's ADQ, one of the biggest holding companies in the region, added Tadweer to its energy and utilities portfolio.
The portfolio includes Abu Dhabi National Energy Company the Emirates Nuclear Energy Corporation, the Emirates Water and Electricity Company and the Abu Dhabi Sewerage Services Company.
Tadweer is the sole company handling waste management in Abu Dhabi.
It aims to develop an integrated waste management sector and extract value from waste to contribute to the UAE's sustainability ambitions.
“The agreement reflects our ongoing efforts to collaborate with entities in the private sector to develop solid waste management projects,” said Amman mayor Yousef Al Shawarbeh.
It will accelerate joint co-operation and drive knowledge exchange on waste sorting, recycling and management, he said.
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
COMPANY PROFILE
Name: Mamo Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua Based: Dubai, UAE Number of employees: 28 Sector: Financial services Investment: $9.5m Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
THE DETAILS
Kaala
Dir: Pa. Ranjith
Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
