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Aldar sells ‘Mamsha Gardens’ building for AED586mn

ABU DHABI / WAM Aldar Properties has completed the sale of a residential building at Mamsha Gardens to Hong Kong-based real estate private equity firm GAW Capital Partners for AED586 million. Marking GAW Capital’s first investment in the UAE, the transaction underscores the growing international appeal of Abu Dhabi’s property market, the Saadiyat Cultural District, and Aldar’s residential portfolio. Located ...

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RAKEZ partners with Ana Concierge to offer premium business services

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (RAKEZ) recently entered into a partnership with Ana Concierge Services to provide its business community with seamless access to premium, personalised concierge solutions. The partnership was finalised through a signing ceremony at Compass Coworking Centre by RAKEZ VAS Director Kutyba Al Issa and Ana Concierge Services Founder and CEO Soumeya ...

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DoE issues new decision on Gas Works Regulation in Buildings

ABU DHABI / WAM Abu Dhabi Department of Energy (DoE) has issued Decision No. 14 concerning the Regulation of Gas Works in Buildings. The regulations set forth the mandatory requirements and controls for overseeing all gas operations in buildings throughout Abu Dhabi, including free zones. The regulations seek to raise the level of technical safety in existing buildings and ensure ...

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Salik reports AED751.6 million in revenue for Q1 2025

DUBAI / WAM Salik Company, Dubai’s exclusive toll gate operator, on Tuesday announced its financial results for the three-month period ended on March 31 2025 (Q1 2025). Total revenue for Q1 grew by 33.7 percent YoY to reach AED751.6 million. EBITDA for Q1 increased 37.9 percent YoY to AED519.6 million. In Salik’s core tolling business, total chargeable trips reached 158.0 ...

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Saif bin Zayed meets New Zealand Police Chief

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has met with Richard Chambers, Chief of Police of New Zealand. The meeting explored avenues for enhancing cooperation in various policing fields, including training methodologies, crime prevention, and exchanging expertise and best practices. The discussions reflected the shared commitment ...

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PTC Therapeutics launches office at Dubai Science Park

DUBAI / WAM PTC Therapeutics, a global biopharmaceutical leader in rare diseases, has launched a Middle East and North Africa (MENA) office at Dubai Science Park to enhance access to transformative medicines for patients with rare diseases in the region. Specialising in developing and commercialising breakthrough therapies for rare diseases globally, PTC’s new facility will serve as a regional hub ...

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ADIO, Mizuho ink deal to streamline Japanese investments into Abu Dhabi

ABU DHABI / AD MEDIA OFFICE The Abu Dhabi Investment Office (ADIO) and Mizuho Financial Group, Inc., a leading global financial institution with one of the largest customer bases in Japan, have signed a strategic agreement to fast-track Japanese investment into the emirate’s dynamic economy. Signed during the Abu Dhabi Investment Forum (ADIF) in Tokyo, the partnership will streamline investor ...

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DEWA announces record quarterly revenue of AED5.96 billion

DUBAI / WAM Dubai Electricity and Water Authority (DEWA), listed on the Dubai Financial Market (DFM), on Monday reported its first quarter 2025 consolidated financial results, recording quarterly revenue of AED5.96 billion. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to AED2.43 billion, with an operating profit of AED838 million and a net profit of AED496 million. The company ...

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Abdullah bin Zayed, Foreign Minister of Ghana explore broader cooperation

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, received Samuel Okudzeto Ablakwa, Minister of Foreign Affairs of the Republic of Ghana, in Abu Dhabi on Monday. During the meeting, the two ministers discussed bilateral relations and ways to further develop them to serve mutual interests and support the prosperity ...

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