UAE President’s announcement of $50bln investment is new milestone in climate action efforts: minister
Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, stated that the announcement made by President His Highness Sheikh Mohamed bin Zayed Al Nahyan of plans to invest an additional US$50 billion to scale up climate action through the deployment of clean energy solutions at home and abroad is yet another […]
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 […]
UAE-Egypt-Jordan industrial partnership paves way for ‘unprecedented cooperation’— Shamali
The comprehensive industrial partnership for a sustainable economic development initiative that Jordan, the UAE and Egypt signed on Sunday establishes “unprecedented cooperation” to realise economic integration in various fields, mainly at industry level, Minister of Industry, Trade and Supply Yousef Shamali said on Sunday. In a press statement following the signing ceremony, Shamali said that […]
Top Dubai DFM-listed firms to be part of London investor roadshow
Top Dubai Financial Market (DFM)-listed companies, including the new entrant Dubai Electricity and Water Authority (DEWA), are set to be part of a London investor roadshow next month amid measures by the exchange to revive itself. The DFM plans to organize its annual 2022 International Investors Roadshow on 9th and 10th June 2022, in collaboration […]
UAE interested in Turkish energy investments, says minister
The United Arab Emirates is eyeing investments in Turkey’s energy sector, ports and railways, Foreign Minister Abdullah bin Zayed Al Nahyan said on Friday. Speaking at a joint press conference with Turkish counterpart Mevlut Cavusoglu in Istanbul, Al Nahyan said the UAE was especially interested in renewable energy investments in Turkey.
Abu Dhabi Fund for Development’s financing in Jordan reaches $1.76bln
The Abu Dhabi Fund for Development (ADFD) has supported hundreds of development projects in Jordan since 1974, with aggregated financing reaching 6.5 billion dirhams ($1.76 billion). The funds have helped deliver projects that collectively boost Jordan’s living standards and supported the government in its efforts to meet sustainable-development goals, ADFD said. “The benefits of the […]
Danube launches new project, offers to process Golden Visa to investors
Danube Properties on Tuesday launched Dh350 million pyramid-shaped architecture Gemz in Al Furjan which comes with 30 amenities. The company’s 16th project, which houses 270 apartments, comes with unique convertible layouts that allow one bed-room unit to be made into a 2BHK and 2BHK into a 3BHK and most of its apartments come up with […]
Danube launches new 270-unit residential tower in Dubai
Danube Properties has announced the launch of Gemz, a AED350 million ($95.2 million) luxurious residential project in a pyramid-shaped architecture, offering spacious homes and floor plans with unique convertible layouts – so much so that a one-bed apartment can be made into a two-bed unit and the same can be turned into a three-bedroom […]
Dubai records $463mln worth of realty transactions Monday
Dubai real estate market recorded 552 sales transactions worth AED1.42 billion and 78 mortgage deals of AED 210.62 million, in addition to 20 gift deals amounting to AED 120.57 million Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 427 villas and apartments worth AED 878.57 million, and 125 land plots […]
Nasdaq-listed Anghami’s revenues hit $35.5mln in 2021
Anghami, the first Arab tech company listed on Nasdaq, has generated total revenues of $35.5 million in 2021, up 16% year-on-year (YoY). The Abu Dhabi-headquartered company’s subscription revenues amounted to $25.7 million last year, while the advertising revenues rose by 70% YoY to $9.8 million, according to a press release on Wednesday. In the […]