News

Dubai real estate deals hit record AED500bn in 2022

  Dubai / WAM Dubai’s annual real estate transactions have crossed the milestone of half a trillion dirhams for the first time in 2022, as the sector witnessed transactions worth a record AED528 billion in 2022, a 76.5 percent increase from 2021. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...

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DMCC’s new platform to boost Mena region’s $32bn e-commerce sector

  Abu Dhabi / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has launched the DMCC E-Commerce Ecosystem to accelerate the growth of the e-commerce sector across the Mena region, which is currently valued at $32 billion and is expected to reach $50 billion by 2025. DMCC is currently ...

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DoH inks deal to enhance Abu Dhabi’s pharma sector

  Abu Dhabi / WAM Hayat Biotech, a joint venture between G42 and Chinese pharmaceutical group Sinopharm CNBG, and the Department of Health – Abu Dhabi (DoH) signed a declaration of collaboration aimed at strengthening the emirate’s efforts in R&D, clinical research, and its manufacturing capabilities. The collaboration comes in line with DoH’s ongoing efforts to elevate Abu Dhabi’s position ...

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Etihad launches new routes to European cities

  Abu Dhabi / WAM Etihad Airways will be introducing two routes this year, connecting Abu Dhabi to Copenhagen in Denmark and Düsseldorf in Germany. Launching on October 1, the flights will provide business travellers and holidaymakers in the UAE and these key European cities with convenient travel options to and from Abu Dhabi, with four weekly flights to Copenhagen ...

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Sheikh Mohamed, Korean president visit Barakah plant

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, visited the Barakah Nuclear Energy Plant on Monday to celebrate the completion of Unit 3 and witness the continued progress of the plant, located in the Al Dhafra region of Abu Dhabi, UAE. The Presidential visit ...

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President honours 10 winners of 2023 Zayed Sustainability Prize

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan presented awards to the 10 winners of the 2023 Zayed Sustainability Prize on Monday. The Prize’s Awards Ceremony coincided with the beginning of the 2023 Abu Dhabi Sustainability Week (ADSW). The ceremony was also attended by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime ...

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Abu Dhabi’s Mubadala acquires US-based ‘Dental Care Alliance’

  Abu Dhabi / WAM Mubadala Investment Company (Mubadala) has announced its investment in Dental Care Alliance (DCA), a leading US-based dental services organisation with approximately 390 allied practices, alongside funds managed by Harvest Partners, LP (Harvest Partners), an established private equity firm focused on investing in middle-market companies. DCA is one of the largest multi-branded dental support organisations in ...

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Deal signed to advance Dubai’s cultural scene

Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) signed an MoU with Fiker Institute, an interdisciplinary think-tank which specialises in international relations, public policy and culture, to establish a knowledge partnership, with the aim of supporting Dubai’s cultural scene globally and advancing research on cultural and creative industries through panel discussions, publications, debates, and the exchange of experiences, ...

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Géant expands regional footprint, opens first supermarket in UAE

  Dubai / Gulf Time Géant, part of GMG, is expanding its regional footprint with the opening of its first supermarket in the UAE in Citylife Al Jurf in Ajman. With its customer friendly open-air market look and feel, this new concept will offer an abundance of choice and quality from the freshest groceries, imported and local fresh produce, meats, ...

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Enoc unveils latest service station in Al Twar

  Dubai / WAM Enoc Group on Monday unveiled a new service station in Al Twar 1, Dubai, catering to the growing needs of the residential community and motorists using Al Quds Street. Strategically located diagonally opposite a service station inaugurated in collaboration with Dubai Police on Al Quds Street earlier this year, the new service station will meet the ...

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