KSA and UAE is a partnership of possibilities

On UAE National Day, I would like to congratulate the leadership and the people of the UAE. Both Saudi Arabia and the UAE have a special relationship that extends across economic, social, and cultural areas. This connection is deep, mutually beneficial, and it is ever-growing. At the heart of our relationship is the conviction that […]

Dubai records over $490mln in realty transactions on Monday

  Dubai real estate market recorded 482 sales transactions worth AED1.19 billion, in addition 136 mortgage deals of AED580.36 million, and 14 gift deals amounting to AED38.09 million on Monday, data released by the Dubai’s Land Department (DLD) showed. The sales included 391 villas and apartments worth AED800.36 million, and 91 land plots worth AED391.95 […]

Uber appoints Hachem as GM to lead UAE and Levant

Uber has announced the appointment of Pia El Hachem as the General Manager at Uber across the UAE, Jordan, and Lebanon. In her new role, Hachem will be leading Uber’s strategy, operations, policy, and business development, while overseeing the company’s end-to-end business. Hachem has been at Uber since 2018 as the Strategy & Planning Lead […]

EFG Hermes advises on $204mln IPO of Dubai-based Taaleem

UAE – EFG Hermes, a leading investment bank franchise, said its Investment Banking division completed advisory on the $204 million initial public offering (IPO) of Dubai education provider Taaleem. Taaleem has been listed on the Dubai Financial Market (DFM). The Firm acted as Joint Lead Arranger and Joint Global Coordinator on the transaction. Taaleem issued […]

UAE, Cameroon explore opportunities in renewable energy, infrastructure and logistics

YAOUNDÉ, Cameroon – Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an Emirati delegation of business, investment, and development leaders to Cameroon to explore opportunities and strengthen UAE-Cameroon ties. The delegation included Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development, and a number of […]

Daimler Truck teams up with DHL to operate new Dubai warehouse

UAE – Daimler Truck AG has announced that its regional unit, Daimler Commercial Vehicles Mena (DCV MENA) has sealed a strategic, long-term partnership with global logistics provider DHL Global Forwarding for the operations and management of its Daimler Truck Dubai Parts Centre. The deal was inked with the co-operation of Danzas AEI Emirates, a joint […]

Abu Dhabi’s ADSCC performs ‘region’s first stem cell transplant’

 Doctors at Abu Dhabi Stem Cells Centre (ADSCC), part of PureHealth Group, have performed the region’s first successful bone marrow transplant on a patient suffering from Multiple Sclerosis (MS). The significant achievement in bone marrow transplantation, performed under the Abu Dhabi Bone Marrow Transplant (AD-BMT) programme, demonstrates a major advance in cell therapy and regenerative […]

Dubai rated world’s best ‘winter sun destination’

Dubai has been ranked the best winter destination in the world with the most Google searches for a city and for the most number of things to do in a city during the cooler climes. “Dubai ranks as the best destination in the world for a winter sun vacation. Visitors to Dubai can expect to […]

Abu Dhabi’s GDP expands 11.2% in first half of 2022: SCAD

ABU DHABI – Statistics Centre – Abu Dhabi (SCAD) has announced statistical data that show expansion of Abu Dhabi’s Gross Domestic Product (GDP) in the first half of 2022, reaching 11.2 percent compared to the same period last year. The growth reflects the Emirate’s robust performance and the ability of the economy to maintain competitiveness […]

Rebound Plastic Exchange to support GCC to combat waste

Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to support GCC, which generates about 130 million tonnes of waste per annum, to achieve sustainable waste management. Currently, it is estimated that it will take $60-85 billion invested across four key value streams, plastic, concrete and cement, metal, and bio-waste […]