The Jewels of Emirates kicks off at Expo Khorfakkan for the first time

The Jewels of Emirates exhibition kicked off Thursday in the city of Khorfakkan. The event is organized by the Expo Khorfakkan for the first time with the support of the Sharjah Chamber of Commerce and Industry (SCCI) and under the supervision of Expo Centre Sharjah(ECS). A host of eminent Emirati companies and designers shine brightly […]

Union Properties launches $436mln new project in Dubai Motor City

Financially troubled Dubai developer Union Properties, which completed a debt restructuring earlier this year, has launched a new project valued at around 1.6 billion dirhams ($436 million), its first new launch since 2015. The mixed-use development called Takaya will be located in Dubai Motor City, it said in a statement on Tuesday. Construction is expected […]

Dubai’s Majid Al Futtaim closes $1.25bln loan to back ESG ambitions

Shopping malls operator Majid Al Futtaim (MAF) has secured a $1.25 billion sustainability-linked loan (SLL) to support its environmental, social and governance (ESG) ambitions. The second SLL in many years has already been successfully closed with First Abu Dhabi Bank (FAB) leading the transaction as coordinator and agent, the company said in a statement on […]

Stats Group wins big Abu Dhabi subsea pipeline project work

UK-based Pipeline technology specialist Stats Group said it has been commissioned by UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC) to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project, on behalf of a national operating company. Stats said the project win is the […]

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 […]

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 […]

Sheikh Mohammed announces major project for Dubai’s countryside

The Dubai Ruler has approved a comprehensive plan to develop the emirate’s countryside into touristic destinations. The development plan includes a first-of-its-kind 100km scenic route, natural reserves and areas to practise desert sports. The plan encompasses a 2,216-sqkm area in areas like Lehbab, Aweer and Faqaa, among others, according to a tweet by His Highness […]

Gulf Capital opens its new global headquarters in ADGM

    Gulf Capital, one of the largest private equity firms investing from the GCC to South and Southeast Asia, has opened its new global headquarters in the Abu Dhabi Global Market (ADGM). The company has also obtained an in-principle approval for an asset management licence from ADGM Financial Services Regulatory Authority. The new office […]

Marriott to open 4 properties in UAE in deal with RDK tourism

Marriott International has signed a deal with RDK Tourism Investment to open four properties in the United Arab Emirates (UAE). The signings are expected to further enhance the company’s footprint in Abu Dhabi and Dubai with the addition of more than 700 rooms across its Marriott Hotels and Resorts, Marriott Executive Apartments and Autograph Collection […]