The five start-ups will develop solutions in the key climate action areas. Photo: UAE Ministry of Finance
The five start-ups will develop solutions in the key climate action areas. Photo: UAE Ministry of Finance
The five start-ups will develop solutions in the key climate action areas. Photo: UAE Ministry of Finance
The five start-ups will develop solutions in the key climate action areas. Photo: UAE Ministry of Finance

Masdar City and MBRIF grant business licences to five start-ups


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Masdar City and the Mohammed bin Rashid Innovation Fund have granted complimentary business licences for the free zone to five start-ups through the MBRIF Accelerator programme.

The companies will join Masdar City’s growing network of sustainability-focused companies, developing solutions in the key climate action areas of energy storage, AgriTech, HealthTech, mobility, clean energy, AI, water and space, MBRIF said in a statement on Wednesday.

“With this partnership, MBRIF highlights its position as a unique government-backed initiative that aims to support innovative businesses to grow and make a positive economic, sustainable and social impact in the UAE and internationally by providing them with the platform to succeed,” the UAE Ministry of Finance said.

The MBRIF Accelerator, which was launched in 2018, is aligned with the UAE National Innovation Strategy and aims to enhance the growth potential of innovative businesses. The programme offers services and coaching to member companies to accelerate business and achieve scale.

The UAE aims to become home to 20 start-ups valued at more than $1 billion by 2031 in its push to become a regional centre for innovation and entrepreneurship.

Last year, the country launched the Entrepreneurial Nation initiative, which aims to offer support through a series of public-private partnerships that help entrepreneurs to set up operations in the Emirate, expand their businesses, export products and tap into online sales.

The members of the MBRIF programme will “add to the critical work being done by the many other innovative companies based here, such as those under the Catalyst, the region’s first accelerator for sustainability-focused start-ups”, said Ahmed Baghoum, executive director at Masdar City.

“By actively supporting businesses such as these, we can also prepare the way for the UAE’s hosting of Cop28 in 2023 and continue to actively contribute to the UAE’s Net Zero by 2050 Strategic Initiative,” said Mr Baghoum.

Masdar City currently hosts 1,000 businesses including the International Renewable Energy Agency, the UAE Space Agency, Siemens, G42 Healthcare and the Mohamed bin Zayed University of Artificial Intelligence.

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

While you're here
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

The years Ramadan fell in May

1987

1954

1921

1888

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Mercedes-AMG GT 63 S E Performance: the specs

Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor

Power: 843hp at N/A rpm

Torque: 1470Nm N/A rpm

Transmission: 9-speed auto

Fuel consumption: 8.6L/100km

On sale: October to December

Price: From Dh875,000 (estimate)

Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

Updated: October 19, 2022, 3:27 PM