News

  DUBAI / WAM Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million, data released by the emirate’s Land Department (DLD) showed. The sales included 376 villas and apartments worth AED849.54 million, and 98 land plots worth AED671.55 million. The mortgages included ...

  Dubai / WAM Shuaa Capital, a leading asset management and investment banking platform, on Wednesday announced the launch of Shuaa Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments. The fund is the largest venture debt fund in the GCC and has been established to support the growth of regional technology and technology-enabled leaders that are ...

  Dubai / WAM Marcos Troyjo, President of the New Development Bank, said that the UAE is a “prime example of an economic miracle”, while speaking at the fourth edition of the Global Business Forum Latin America (GBF LATAM) 2022, which kicked off on Wednesday in Dubai. In a session titled ‘New Priorities for the Post-Covid World’, Troyjo explored the ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Turkey Wealth Fund (TWF) on Wednesday launched Turkey Technology Fund — ADQ TWF, which will invest in venture capital funds and high-growth potential companies in Turkey. Building on the UAE’s platform to support strategic investments in Turkey, the new fund was launched by Mohamed Hassan Al ...

  Abu Dhabi / WAM HH Sheikh Khaled bin Mohamed bin Zayed, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, on Wednesday launched the Natural History Museum Abu Dhabi project. The new museum, which will be the largest of its kind in the region, will take visitors on a 13.8 billion-year journey through time and ...

  Dubai / Gulf Time The cosmopolitan city of Dubai which is synonymous with the plush shopping malls, penthouses and real estate activity is fast returning to normal. The operations which had taken a back seat due to the Covid-19 pandemic are gaining momentum. As per the figures issued by Dubai Land Department (DLD), Dubai real estate market recorded 368 ...

  DUBAI / WAM Investopia Summit, an initiative launched by the UAE Government in September 2021, and in partnership with the World Government Summit, announced a new world partnership through signing a memorandum of understanding (MoU) with the world’s fastest growing cryptocurrency platform, Crypto.com. Under this agreement, Crypto.com will be the exclusive global Cryptocurrency Trading Platform partner of Investopia Summit, ...

  DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced that it has awarded a contract worth AED 193 million to build a new generation district cooling plant, with the aim of providing the Dubai Land Residence Complex (DLRC) region with company’s environmentally-friendly district cooling services in line with international standards. The construction of the building has already begun ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) participated in the inauguration of five colleges in Jordan, which were built with an ADFD funding of AED80.3 million. The initiative is part of the Jordanian Public Universities Development Programme that includes the implementation of 27 projects in the education sector at a total value of AED466 million to ...

  ABU DHABI / WAM Mubadala Investment Company announced on Tuesday that it has entered into a definitive agreement with Aris Gold Corporation (Aris Gold) for the operation of Soto Norte Gold Project in Colombia, one of the world’s largest feasibility-stage gold projects. Through a joint venture company, Aris Gold will acquire a 20 percent ownership interest in Sociedad Minera ...