Imdaad wins FM services contract for Al Nasr Club facilities
Dubai-based sustainable facilities management (FM) services group Imdaad has secured a three-year contract from Al Nasr Club Investment Company to provide a variety of solutions and services within its sports club and surrounding facilities. Under the terms of the contract, Imdaad will deploy a full range of hard services, soft services, and security solutions to […]
Etihad Cargo expands capacity offering to US
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, will further reinforce its commitment to the US market with the introduction of an additional three weekly flights to John F. Kennedy International Airport (JFK) from April 24, 2023. The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out […]
UAE’s ADIB buys additional stake of 2.4% in Egyptian unit
UAE-based Abu Dhabi Islamic Bank has purchased an additional stake of 2.4% in Abu Dhabi Islamic Bank Egypt (ADIB) for EGP 155.328 million, equivalent to an average price of EGP 16.18 per share, according to a shareholding disclosure issued on January 2nd. Accordingly, the Emirati bank’s ownership in ADIB Egypt increased to 52.607% from 50.207%. ADIB Egypt […]
Dubai lender Emirates NBD to issue 3-yr dirham-denominated bond
Dubai’s biggest lender Emirates NBD has mandated banks to arrange a three-year fixed rate UAE dirham-denominated bond, a document reviewed by Reuters showed. The senior, unsecured bond, under the bank’s $20 billion medium term notes programme, will be issued subject to market conditions following a series of investor calls scheduled to begin […]
KPMG delivers $35bln global revenues, 14% growth in FY22
KPMG International has announced strong annual aggregated revenues for its firms globally of $35 billion for the fiscal year ending September 30, 2022 (FY22), an increase of 14%. The aggregate revenue of KPMG member firms in the Middle East, South Asia, and Caspian (Mesac) grew by 18.3% in local currency terms for FY22, more than […]
Azizi set to deliver 11,000 new units in Dubai this year
UAE-based Azizi Developments said it ended 2022 on a high note, having sold a total of more than 6,000 units, worth AED5.6 billion ($1.52 billion) and is now set for handover of 11,000 units across 45 projects in Dubai later this year. These include projects spread across the first, second and third phases of Riviera, […]
Dubai’s Danube Properties to issue construction tender for $150mln Elitz in Q1 2023
Dubai-based Danube Properties will issue and award the main construction contract for its 550-million-UAE-dirham ($149.76 million) residential tower Elitz in Jumeirah Village Circle in March 2023, the developer said in a statement sent to Zawya Projects. The tender for enabling works will be issued and awarded in January 2023, the statement said, adding that tenders […]
Tawam Hospital introduces thyroid radiofrequency, microwave ablation
Tawam Hospital, part of the Abu Dhabi Health Services Company (SEHA), shares the story of the first patient to have been treated at Tawam Hospital using a novel procedure called Thyroid Radiofrequency and Microwave Ablation. The procedure was conducted on a 75-year-old male patient, with a history of a large compressive benign thyroid nodule, under […]
Abu Dhabi’s National Marine Dredging wins $272mln contract in Egypt
Abu Dhabi-based contractor National Marine Dredging Co. (NMDC) has won a contract worth AED 1 billion ($272 million) for dredging works in Egypt’s Suez Canal. The project is expected to be completed in 2023, the company said in a bourse filing on the Abu Dhabi Securities Exchange (ADX) on Monday. NMDC’s operations include ports and […]
Sharjah approves residential and vacant lands for 1,500 individuals
Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Chairman of the Sharjah Executive Council, chaired on Tuesday, in the presence of Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC, the meeting of the Sharjah Executive Council. The SEC approved […]