Saudi, UAE investors plan to invest in SpaceX – The Information
A unit of Saudi Arabia’s investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people familiar with the discussions. The funding round is expected to value the rocket maker at about $140 billion, the report added. SpaceX […]
Sharaf Group signs strategic deal with India’s Tanishq
India’s Tanishq has signed an MoU with Sharaf Group UAE to extend its highly focused value offering in gold and diamond jewellery and utilise Sharaf Group’s retail expertise to drive its already robust growth story in the GCC. The two entities will kickstart this collaboration with the opening of a Tanishq showroom in […]
Dubai records over $544mln in realty transactions on Wednesday
Dubai real estate market recorded 546 sales transactions worth AED1.41 billion, in addition to 88 mortgage deals of AED479.2 million, and 36 gift deals amounting to AED201.18 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 488 villas and apartments worth AED1.18 billion, and 58 land plots worth AED226.73 […]
President of UAE exchanges Ramadan greetings with Arab heads of state
President His Highness Sheikh Mohamed bin Zayed Al Nahyan today exchanged Ramadan greetings with a number of Arab heads of state. This came over phone calls with King Hamad bin Isa Al Khalifa of Bahrain; King Abdullah II bin Al Hussein of Jordan; Egyptian President Abdul Fatah el-Sisi; and President of Tunisia Kais Saied. […]
UAE astronaut Sultan AlNeyadi now on experiment to explore possibility of making food, medicines in space
UAE astronaut Sultan AlNeyadi, who is now in his third week aboard the International Space Station, is working on a gravity simulator as part of his experiment on space biomanufacturing, the Mohammed in Rashid Space Centre (MBRSC) has tweeted on Wednesday. “This experiment contributes to the advancement of space biomanufacturing, which includes the production of […]