
Abu Dhabi University Expands Academic Portfolio to 65 with 21 New Future-Focused Programs
ADU continues to invest in academic innovation through a dynamic learning environment that inspires students to pursue their goals and aspirations with confidence. Whether aiming to embark on a new career path or deepen existing knowledge, students enrolled in these new programs will benefit from ADU's commitment to academic excellence, industry engagement, and student success.
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Al Bawaba
21 hours ago
- Al Bawaba
Azizi Developments' Azizi Central reaches 57% construction milestone
Azizi Developments, a leading private developer in the UAE, has announced that the construction of Azizi Central, its contemporary residential development in Al Furjan, is now 57% complete, with its handover scheduled for Q4 on site is progressing rapidly, with the structure now fully completed and the blockwork and internal plastering now standing at 97% and 95% respectively. Tiling has reached 18%, while HVAC and MEP installations are advancing at 64% and 53%. Façade works are 50% complete, elevator installation is currently at 22%, and overall finishes are now at 37%. A total of 414 workers have been deployed to accelerate development. Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: 'We are thrilled with the steady momentum at Azizi Central, our development in the high-growth corridor of Al Furjan. As part of our commitment to timely delivery and exceptional build quality, every phase of construction is being closely supervised to ensure it meets the highest standards. Azizi Central is thoughtfully designed to offer a truly elevated lifestyle, combining modern comfort, everyday convenience, and connectivity. We look forward to welcoming our valued homeowners to their new residences by the end of the year.'Azizi Central features a host of amenities, including landscaped walk-in areas, a state-of-the-art gym, separate pools for adults and children, an outdoor seating area, a BBQ zone, and ample parking facilities. The development also offers a variety of retail and dining options, catering to everyday needs and leisure positioned in Al Furjan, one of Dubai's most rapidly growing residential areas, Azizi Central offers a selection of one-, two-, and three-bedroom apartments designed to meet modern lifestyle requirements. The development boasts stylish exteriors and interiors, blending comfort with will enjoy excellent connectivity to Dubai's major highways, and Al Furjan Metro Station is just a few minutes away. Key destinations, such as Expo City Dubai, Dubai Marina, and Palm Jumeirah, are within close reach, ensuring convenience and accessibility. Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.


Al Bawaba
21 hours ago
- Al Bawaba
Investcorp raises a €240m single-asset continuation fund to support HWG Sababa in the next phase of growth
Investcorp, a leading global alternative investment firm, today announced the completion of the sale of a majority stake in leading Italian cybersecurity provider HWG Sababa S.r.l. (the 'Company')[1] by Investcorp Technology Partners Fund V ('ITP V') and certain other investors, to an oversubscribed €240m single-asset continuation fund managed by Investcorp (the 'Fund'). The sale, in which ITP V sold the entirety of its interest in the Company, marks the first exit by ITP V, an oversubscribed $570M fund managed by Investcorp and closed in 2024. The Fund, which closed in June 2025, is managed by Investcorp and is anchored by commitments from funds advised by Hayfin Capital Management ('Hayfin') and Coller Capital ('Coller'). The Fund includes participation from certain investors in ITP V, from Investcorp Technology Partners ('ITP') employees and from new investors, including Hayfin and Coller, among others. Members of the Company management team will continue to hold a significant stake in the Company, alongside the Fund. The transaction provided existing investors in ITP V with the opportunity to realize strong returns on their investment in the Company and gives the Fund and its investors the opportunity to back a high-performing asset with significant potential for further value creation. Having supported the Company since ITP V's investment in 2022, Investcorp, alongside the Fund, will continue to support and actively contribute to the Company in its next phase of growth, which includes further development of existing solutions, with a strong focus on Operational Technology, investment in technology & innovation and internationalization of the firm primarily in Europe and the Middle East, organically and through acquisitions. Founded in 2008 and headquartered in Verona, Italy, the Company is a leading independent provider of end-to-end cybersecurity solutions in Southern Europe, with strong expertise in security operations centre solutions for IT, IoT and OT environments. The Company serves mid-sized enterprises across sectors, including critical infrastructure, energy, finance, manufacturing and more. Since acquiring the business in 2022, ITP V collaborated with the Company's management team to drive growth organically and through acquisitions, growing revenue sixfold and completing four add-on acquisitions, including the acquisition of Sababa Security S.p.A. in 2023. Gilbert Kamieniecky, Head of Investcorp's European Private Equity business, said: 'The creation of a dedicated continuation fund for HWG Sababa highlights the Company's strong growth and our successful partnership with Enrico, Alessio, and the team. The strong demand for the fund reflects HWG Sababa's quality, and we're pleased to partner with Hayfin and Coller Capital to support its continued growth.' Yusef al Yusef, Global Head of Distribution at Investcorp, said: 'We are proud of the strong partnership we have built with Enrico and Alessio, confirmed by HWG Sababa's positioning as a leading cybersecurity solution provider in Southern Europe. We're excited to remain involved through the management of this continuation fund and to collaborate with Hayfin and Coller Capital as we support the next stage of the company's development.' Enrico Orlandi, Chairman of HWG Sababa added: 'We are very proud of the journey we've taken alongside ITP, whose support has been instrumental in helping us achieve our objectives. We believe this continuation fund is the right solution to fuel HWG Sababa's next phase of growth.' Alessio Aceti, CEO of HWG Sababa, added: 'This milestone reflects the shared commitment and hard work of our management team and the entire company, of whom we are immensely proud. We remain determined to strengthen our leadership in IT cybersecurity, OT, and SOC services—both in Italy and internationally.'

Al Bawaba
21 hours ago
- Al Bawaba
AURAK and Leading Global Engineering Body IEEE Firm up Ties to Boost Best Practices
The UAE Section of the Institute of Electrical and Electronics Engineers (IEEE), the world's leading professional organization for advancing technology, has signed a Memorandum of Understanding (MoU) with the American University of Ras Al Khaimah (AURAK) to promote best practices, elevate professional standards, and foster collaboration in technical and technological the MoU, both parties will work together to establish a cooperative framework that includes co-hosting conferences and workshops, and expanding opportunities for student engagement and academic IEEE is a globally renowned organization committed to technological innovation and excellence through its publications, conferences, standards development, and educational activities. With over 486,000 members, including 189,000 student members, across more than 190 countries, IEEE represents a powerful global network of engineering and STEM David Schmidt, President of AURAK, said: 'It is an honour for AURAK to partner with the IEEE UAE Section, a distinguished organization recognized worldwide. The importance of electrical and electronics engineering has grown significantly, reflected in the increasing popularity of our programs. This collaboration will allow AURAK to tap into global expertise and advance academic excellence.'The university anticipates a wide range of benefits. These include co-hosting IEEE events, facilitating guest lectures, and organizing workshops and Conferences—initiatives that will enhance AURAK's standing within the engineering education Hussain Al Ahmad, Chair of the IEEE UAE Section, commented: 'As a global community shaping future technologies and standards, IEEE places great value on partnerships with academic institutions. This MoU reflects our commitment to fostering innovation through collaboration. Together with AURAK, we aim to raise the bar in engineering education and cultivate a new generation of forward-thinking electrical and electronics engineers.'Dr. Ali Al Ataby, Chair of the Department of Electrical & Electronics Engineering at AURAK, added: 'This partnership with the IEEE UAE Section is a moment of great pride for AURAK. The agreement opens up access to a wide range of IEEE services that will benefit both faculty and students, while also enhancing the university's brand profile. We look forward to a fruitful and impactful collaboration.'Dr. Al Ataby also pointed out that AURAK students would benefit from access to IEEE's extensive resources, including the latest research, technologies, and global events. Participation in IEEE-sponsored conferences, competitions, and workshops will provide students with valuable hands-on experience and boost their career and electronics engineers play a critical role in designing, implementing, and maintaining systems that power everything from communication and automation to transportation and consumer electronics. They are also at the forefront of developing renewable energy technologies, smart grids, energy-efficient devices, and electric vehicle infrastructure—key areas in addressing climate change and driving sustainable development. Globally, demand for electrical and electronics engineers continues to rise. According to recent projections, employment in the field is expected to grow by 9% between 2023 and 2033, significantly faster than the average for all occupations.