Local News

Moro Hub, DIFC forge strategic partnership to accelerate digital transformation

DUBAI / WAM Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), has signed a Memorandum of Understanding (MoU) with Dubai International Financial Centre (DIFC) during the 3rd edition of Dubai FinTech Summit. By combining their strengths, Moro Hub and DIFC are positioned to drive digital innovation and sustainability, reinforcing Dubai’s position ...

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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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Vision Developments launches “REEM” and “SOUL” in Dubai

DUBAI / GULF TIME Vision Developments, one of the leading UAE real estate developers, announced the launch of two new residential projects, “REEM” and “SOUL,” in Dubai. The move is part of their strategic expansion plan into several promising areas in the emirate and provide housing solutions that meet the aspirations of various segments of society. The “REEM” project is ...

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