Azizi announces big Park Avenue I project sales success

Azizi Developments, a leading private developer in the UAE, has announced that it had sold out almost the entire stock of the units in Park Avenue I less than a week of the sale of its 50% units within the development. Now only three unreleased units are left for sale. Park Avenue comprises three buildings […]

UAE’s Masdar to develop key renewable energy projects in Kyrgyzstan

Abu Dhabi-based Masdar, one of the world’s leading renewable energy companies, has signed a MoU with the Kyrgyz Republic’s Ministry of Energy to explore the development of renewable energy opportunities in the Central Asian nation and support its clean-energy objectives. As per the agreement, Masdar will explore the development of and investment in a range […]

Emaar set to open new Fujairah beach resort in Q2

Emaar Hospitality Group, the hospitality and leisure business of Dubai developer Emaar Properties, is set to open Palace Beach Resort Fujairah in Q2. It is the third beach resort of the Address Hotels + Resorts collection under Emaar Hospitality Group. The resort will feature 167 rooms and suites set by the beachfront, featuring contemporary architecture […]

Ramadan in UAE: Abu Dhabi poultry firm donates 35,000 kg of chicken to needy

Ajban Poultry has announced the donation of more than 35,000 kilos of chicken from its production line, in cooperation with the Emirates Red Crescent Authority. This is part of efforts to fulfil its social responsibility and carry out humanitarian initiatives during the Holy Month of Ramadan. The initiative aims to supply foodstuff to beneficiaries and […]

Dubai-Mozambique Business Forum highlights investment opportunities emerging in Mozambique

UAE companies and their Mozambican counterparts took part in more than 100 bilateral meetings during the Dubai-Mozambique Business Forum, which was recently organised by Dubai Chamber of Commerce in collaboration with the Mozambican Industrial Association (AIMO) and the Federation for the Improvement of the Business Environment in Mozambique (FAN). The forum, hosted at Dubai Chamber […]

Abu Dhabi stock exchange seeks more private sector listings

he Abu Dhabi Securities Exchange (ADX) has rebranded its “Second Market” as “Growth Market” to attract more private sector listings. The rebranding of the platform, which has a market capitalisation of 62 billion dirhams ($16.8 billion), follows the unveiling of a new brand and logo for the local bourse last year. The Growth Market offers […]

Besix pioneers flagship green energy project for Ajman

Leading infrastructure major Besix has announced that its flagship sludge-to-energy project in the nothern emirate of Ajman has successfully passed performance and reliability tests. A first-of-its-kind facility in the UAE, it complies with all European safety regulations for biogas plants. Designed and built by Besix Middle East for Ajman Sewerage (Private) Company Limited (ASPCL), the […]

Dubai’s Emirates airline to launch NFTs for travellers, staff

Dubai’s long-haul operator Emirates airline is set to enter the world of virtual assets, as it announced plans to launch non-fungible tokens (NFTs) for its customers and employees. In a statement on Thursday, the carrier said it plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The initiative is […]

UAE and US Mars missions to team up on science data analysis

The Emirates Mars Mission, the first interplanetary exploration undertaken by an Arab nation, has finalised a science data analysis collaboration initiative with NASA’s Maven Mars Mission. This will pave the way towards greater scientific collaboration and data exchange between the two missions. The partnership enables the sharing and collaborative analysis of data and observations made […]

Abu Dhabi’s ADQ buys stakes worth $1.85bln in Egyptian firms

Abu Dhabi’s state holding company ADQ has bought shares worth $1.85 billion in five publicly traded Egyptian companies, two sources familiar with the transactions said on Tuesday, helping Egypt after the Ukraine crisis prompted foreign investors to flee. The stock exchange said purchases for five companies were executed on Tuesday but did not say who […]