| | OCTOBER 20238IN FOCUSBOROUGE, TADWEER INK AGREEMENT FOR RECYCLING OPPORTUNITIESA Memorandum of Understanding (MoU) was signed by Tadweer (Abu Dhabi Waste Management Company) and Borouge Plc to explore opportunities in waste management and the adoption of best practices in waste management, sorting, and mechanical recycling of polymers. Borouge Plc is a leading petrochemical company that offers innovative and distinctive polyolefin solutions. Tadweer, part of ADQ, is the sole custodian of waste management for the Emirate of Abu Dhabi and is committed to developing an integrated waste management sector and becoming a leader in extracting value from waste to contribute to national sustainability ambitions, as per zawya.Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said: "We are very pleased to collaborate with Tadweer to promote and implement stronger circular economy initiatives in the UAE. Together, we are exploring innovative ways of sorting and recycling polymers in alignment with national and international best practices. The MoU is in line with our continuous commitment to the wellbeing of society and preservation of environment. Sustainability is and will remain an integral part of our operations and culture that enables us to reduce risks and drive positive growth towards a brighter and more sustainable future."Eng. Ali Mohamed Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer, said: "In this pivotal moment for sustainability, Borouge and Tadweer will unite to pave the way for a circular economy in the UAE. Together, we will embark on a transformative journey to redefine waste as a valuable resource and a catalyst for sustainable development. Our partnership is not just about recycling polymers; it's about reimagining our impact on the environment, society, and the economy. We stand committed to crafting a legacy where waste becomes the cornerstone of innovation and where we build a brighter and more sustainable future for all." NPCI TO INK PACT WITH AL ETIHAD PAYMENTSNPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will sign a deal with Al Etihad Payments in Abu Dhabi to simplify cross-border transactions. The MoU will be inked on the establishment of the UAE's domestic card scheme based on India's RuPay debit and credit card stack, according to the official.The agreement will be signed in the presence of Commerce and Industry Minister Piyush Goyal, who is leading a business delegation to Abu Dhabi from October 5 to October 6. Goyal will co-chair the eleventh meeting of India-UAE High-Level Task Force on Investments along with Sheikh Hamed Bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority, as per PTI.Mohamed Hassan Alsuwaidi, Minister of Investment, MD and CEO of ADQ; Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Khaled Mohamed Balama, Governor of the UAE Central Bank; and Ambassadors from both countries (Abdulnasser Alshaali, UAE Ambassador to India, and Sunjay Sudhir, Ambassador of India to UAE) will attend the meeting.Goyal will also meet with Khaldoon Al Mubarak, CEO and MD of Mubadala, as well as members of the UAE-India Business Council, senior business executives from both countries, and significant food importers from the GCC and Egypt. The National Payments Corporation of India (NPCI), the umbrella organization that provides UPI services, inked an MoU in 2022 with Lyra, France's quick and secure online payment system.By signing a contract in 2023, UPI and Singapore's PayNow made it possible for users in either nation to conduct cross-border transactions.
< Page 7 | Page 9 >