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Arada reports 186% rise in sales during H1 of 2023 to AED4.26b

SHARJAH / WAM Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the ...

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Deyaar launches Jannat in Midtown Dubai

DUBAI / WAM Deyaar Development PJSC has announced the launch of Jannat, the final residential district of Deyaar’s flagship community project Midtown, which will be completed by Q2 2026. The district of Jannat, with a built-up area of 521,400 square feet (sq ft), comprises two towers seamlessly connected by a bridge and is strategically located at the heart of Midtown ...

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ERC honours Syrian Arab Red Crescent volunteers

ABU DHABI / WAM The Emirates Red Crescent (ERC) has organised a “Knights of Humanity” event to honour the volunteers of the Syrian Arab Red Crescent in four Syrian provinces. The ERC’s move is part of Operation Gallant Knight 2, launched by the Joint Operations Command of the Ministry of Defence. It aimed to recognise the UAE’s continuous humanitarian and ...

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Dubai records AED2.2b in realty deals on Monday

DUBAI / WAM Dubai real estate market recorded 602 sales transactions worth AED1.86 billion, in addition to 104 mortgage deals of AED244.26 million, and 18 gift deals amounting to AED108.8 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 513 villas and apartments worth AED1.18 billion, and 89 land plots worth AED682.89 million. The mortgages ...

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UAE Rulers wish Bahamas Governor-General on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to the Governor-General of the Commonwealth of the Bahamas Cornelius Alvin Smith on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

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South Korean firm to establish Abu Dhabi HQ with Adio support

ABU DHABI / WAM Neoply, a leading South Korean blockchain technology company, will establish its global headquarters in Abu Dhabi with support from the Abu Dhabi Investment Office (Adio), underscoring the UAE capital’s appeal as a magnet for innovation-driven companies. Neoply is joining Adio’s Innovation Programme, which supports the growth of tech-focused industries in the UAE capital. Neoply provides a ...

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UAE VPs congratulate Prime Minister of East Timor on his appointment

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, have sent a message of congratulations to Xanana Gusmão on the occasion of his appointment as Prime ...

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Dewa discusses ways to strengthen cooperation with French firms

DUBAI / WAM Saeed Mohammed Al Tayer, CEO of Dubai Electricity and Water Authority (Dewa), inaugurated an online webinar organised by Dewa to introduce 61 French companies to the business and investment opportunities presented by Wetex and DSS. The event was attended by Axel Baroux, the French Trade and Invest Commissioner, and Regional Director of Business France in the Middle ...

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Kezad signs pact with Global Fluorine for factory expansion

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – Kezad Group, the largest operator of integrated and purpose-built economic zones in the UAE, on Monday announced that it has signed an agreement with its client Global Fluorine Chemical Factory LLC (GFCF) for the establishment of its phase two in Kezad Mussafah, which will allow the company to triple its ...

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UAE, Mongolia discuss elevating trade, investment relations

ULANBATAAR / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a UAE delegation to the Mongolia Economic Forum in Ulaanbaatar, where he met senior government officials to strengthen economic collaboration and foster investment flows between the two nations. During the two-day event, Dr Al Zeyoudi held bilateral meetings with Ch Khurelbaatar, Mongolia’s Deputy Prime ...

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