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ABU DHABI / WAM An economic report has highlighted the UAE topped Gulf Cooperation Council (GCC) countries, acquiring the highest share of the total value of real estate deals conducted during the first ten months of 2023, surpassing the expectations for the entire year of 2022. The report, issued on Thursday by Kamco Invest company indicated that the value of ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed that media plays a vital role in the success of development strategies, as it is a key partner in any government and institutional work, and a renewable sector that provides a vast space for investment in its ...

ABU DHABI / WAM Emirates Stallions Group (ESG), a subsidiary of International Holding Company (IHC), on Thursday announced the acquisition of a 60% stake in Afkar Financial Property Investments, an Abu Dhabi-based company with diversified interests across the UAE. This significant move marks ESG’s robust expansion in the real estate and retail sector, further solidifying its position as a leading ...

RAFAH / WAM As part of the ‘Gallant Knight 3’ humanitarian operation, the United Arab Emirates commenced delivering drinking water produced by the Emirati-built desalination plants in Refah, Egypt, to the shelters within the Gaza Strip. The residents of the Gaza Strip, who are benefiting from this noble initiative, have expressed their gratitude for the UAE’s effort, which alleviates their ...

ABU DHABI / WAM The United Arab Emirates and the Republic of Congo-Brazzaville have concluded the terms of a Comprehensive Economic Partnership Agreement (Cepa), a deal that will facilitate greater trade and investment flows as the two nations pursue deeper economic ties. The conclusion of negotiations was confirmed by the signing of a joint statement by Dr Thani bin Ahmed ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree concerning the restructuring of the Nama Women Advancement Establishment (NAMA). According to the Decree, HH Sheikha Jawaher bint Mohammed bin Sultan Al Qasimi will chair the foundation. The foundation enjoys a legal personality and full capacity to undertake ...

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, attended part of the 13th edition of His Highness Sheikh Mohamed bin Zayed Al Nahyan Festival for Purebred Arabian Camel Racing (Al Sawan – 2023-2024), held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. Sheikh Saud, ...

CAIRO/ WAM AD Ports Group (AD Ports) today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Seaport. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the UAE and the Arab Republic of Egypt. The ...

ABU DHABI/ WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Miral and teamLab have announced the completion of 70 percent of the overall development of teamLab Phenomena Abu Dhabi. Spanning 17,000 sqm of gross floor area (GFA), the mega-project is making steady progress towards its development, with its reinforced concrete structure fully complete, further to ...

ABU DHABI/ WAM The Ministry of Economy launched a unified registry for family businesses, highlighting four new cabinet resolutions that will enhance the governance of family companies and support the competitiveness of the legislation governing the sector in the country. The initiative is also aimed at ensuring family businesses’ sustainability and leadership in accordance with a clear vision to solidify ...