DP World’s overseas logistics investments since 2012 cross $10bln mark
DP World has invested more than $10 billion (Dh37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data released by leading industry consultants. The FT’s FDI Intelligence recently published its top five list for 2022, […]
UAE confirms water security will be core part of COP28 agenda in Dubai
During the 2023 United Nations Water Conference, the UAE Minister of Climate Change and the Environment, Mariam bint Mohammed Almheiri, highlighted the UAE’s inclusive and action-orientated approach to water sustainability and its impact on the nation’s security and economy-wide roadmap to achieve net-zero emissions. Delivering the UAE’s national statement at the UN Water Conference, […]
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 […]
UAE-India investor meeting to be held in Srinagar
A UAE-India Investor Meet, comprising meetings between entrepreneurs from various emirates and the Jammu and Kashmir government, business networking and discussions on foreign investment opportunities in the Union Territory, will be held in Srinagar city on 19th March. This was announced by the Department of Industries and Commerce of the Jammu and Kashmir government today. […]
COP28 President-Designate meets with French President during global listening tour
Dr. Sultan Al Jaber, COP28 President-Designate, has concluded a two-day trip to Paris as part of his global listening tour. During his visit, Dr. Al Jaber met with French President Emmanuel Macron and key stakeholders across government and civil society. Dr. Al Jaber outlined his vision to drive climate action through mitigation, adaptation, climate finance […]
AD Ports to develop and operate Safaga Port in Egypt
AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a Memorandum of Understanding (MoU) and three Head of Terms (HoT) concerning ports located in Egypt’s […]