Abu Dhabi-listed telecom firm e& forays into NFTs
UAE telecommunications firm e&, formerly known as Etisalat Group, announced on Wednesday the launch of its first set of non-fungible tokens (NFTs), marking its foray into the digital assets space. A first by a technology and investment conglomerate in the Middle East, the NFTs will be distributed selectively, the company said, citing that it will […]
UAE: Gold prices fall from two-week high
In the UAE, the 24K gold price fell to Dh225.5 per gram on Wednesday morning as compared to Dh226.25 per gram at the close of the market on Tuesday. Among the other variants of the precious metal, 22K opened at Dh211.75 per gram, 21K at Dh202.25 and 18K at Dh173.25. Naeem Aslam, chief market […]
Abu Dhabi Fund for Development’s financing in Jordan reaches $1.76bln
The Abu Dhabi Fund for Development (ADFD) has supported hundreds of development projects in Jordan since 1974, with aggregated financing reaching 6.5 billion dirhams ($1.76 billion). The funds have helped deliver projects that collectively boost Jordan’s living standards and supported the government in its efforts to meet sustainable-development goals, ADFD said. “The benefits of the […]
Net zero transport: France’s Alstom pitches hydrogen trains for UAE’s Etihad Rail
France-based railway transport giant Alstom is in discussions with the UAE’s Etihad Rail to introduce hydrogen trains in the national railway network, a top company official said. Alstom’s GCC Managing Director Tamer Salama told Zawya Projects that Etihad Rail currently uses diesel locomotives for its operations. “They have diesel locomotives but eventually to meet targeted […]
Al Zorah to develop 21 beachfront luxury villas in Ajman
The Al Zorah Development Company, a joint venture between the Ajman government and Solidere International, has unveiled plans for the development of 21 exclusive villas on Al Zorah’s beachfront in the emirate of Ajman. Designed with families in mind, the development comprises 21 private, ultra- luxurious villas with uninterrupted sea views, nestled within a secure, […]
Danube launches new project, offers to process Golden Visa to investors
Danube Properties on Tuesday launched Dh350 million pyramid-shaped architecture Gemz in Al Furjan which comes with 30 amenities. The company’s 16th project, which houses 270 apartments, comes with unique convertible layouts that allow one bed-room unit to be made into a 2BHK and 2BHK into a 3BHK and most of its apartments come up with […]
MoHAP announces first case of monkeypox in UAE
The Ministry of Health and Prevention (MoHAP) has announced the first case of monkeypox in the UAE, in line with the UAE health authorities’ policy on the early detection and monitoring of the disease. The ministry explained that the first case was detected in a 29-year-old woman who arrived from West Africa, noting that […]
Emirates Transport, China’s NEV to set up new energy vehicle project
Emirates Transport has signed an agreement with China’s NEV Investment to establish a joint venture company that will be responsible for the development, construction, marketing, operation, and management of the New Energy Vehicle Project in the UAE. Emirates Transport is a public joint stock company established in 1981 and now operates under the umbrella […]
People injured in Abu Dhabi’s gas cylinder blast incident undergoing treatment
Abdullah bin Mohammed Al Hamed, Chairman of the Department of Health in Abu Dhabi, and Dr. Jamal Mohamed Al Kaabi, Undersecretary of the DoH, were briefed today on the condition of those injured in the gas cylinder blast incident that occurred yesterday in Abu Dhabi and who are currently hospitalised in a number of […]
Danube launches new 270-unit residential tower in Dubai
Danube Properties has announced the launch of Gemz, a AED350 million ($95.2 million) luxurious residential project in a pyramid-shaped architecture, offering spacious homes and floor plans with unique convertible layouts – so much so that a one-bed apartment can be made into a two-bed unit and the same can be turned into a three-bedroom […]