Abu Dhabi’s Multiply Group added to FTSE Global Equity Index Series
Abu Dhabi-based Multiply Group, a technology-focused holding company, has been added to the FTSE Global Equity Index Series (FTSE GEIS) Mid Cap Index in its June quarterly review. The inclusion, which comes into effect on 20 June, will boost visibility and add to shareholder diversity, the company said in a statement on Monday. FTSE GEIS […]
Qatar World Cup 2022: Germany to set up training camp in Dubai
Ahead of their 2022 Qatar World Cup campaign, four-time world champions Germany will be setting up a short training camp in Dubai. The German national football team, managed by Hansi Flick, will arrive in the emirate on November 14 as the championship kicks off on November 21. The team will hold a four-day training camp […]
UAE space tourist talks about his amazing 10-minute trip
UAE expat Hamish Harding fulfilled his childhood dream of travelling to space on Saturday, June 4. Although Harding was spellbound during his out-of-the-world experience, he knows precisely how he feels back on earth. “People ask me to describe the experience in one word, and for me, that is addictive. I am now addicted to space, […]
Emirates Glass plans to expand footprint in the region
Having developed more than 70 different coated products, over 400 different glazing options and supplied about 27 million sq m of glass in the last 25 years, Emirates Glass, plans to expand in the GCC and the wider Middle East region. Celebrating 25 years in the glass business, Emirates Glass is currently executing projects across […]
Dubai’s hydroelectric power plant is 44 percent complete
Dubai’s hydroelectric power plant in Hatta is 44 percent complete, the project’s developer Dubai Electricity and Water Authority (DEWA) has said. The utility said in a press statement that the 250-megawatt pumped-storage hydroelectric power station is being built at an investment of 1.421 billion UAE dirhams ($387 million). The statement said the first 37-metre-high Roller Compacted […]
Emirates, Airlink activate codeshare partnership
Emirates and South Africa-based Airlink have officially activated their codeshare partnership, makes it easier for customers to create their ideal itinerary. Customers benefit from seamless connections and a single booking reference across eight domestic South African cities via the airline’s gateways Johannesburg, Cape Town and Durban. Travel itineraries can now be booked on emirates.com, with […]
Dubai’s DP World, Canada’s CDPQ announce $5bln investment in UAE strategic assets
Dubai-based port operator DP World and Caisse de dépôt et placement du Québec (CDPQ), a global investment group, on Monday announced a $5 billion investment in three of DP World’s flagship assets in the UAE. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park […]
DP World, CDPQ announce $5bln investment in key UAE assets
DP World, one of the world’s largest marine terminal operators, and CDPQ, a global investment group, announced today (June 6) an investment of $5 billion in three of DP World’s flagship UAE assets. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park […]