SHARJAH/WAM The Sharjah Investment and Development Authority (Shurooq), in partnership with The Lux Collective, has announced that 40 percent of the construction for LUX Al Jabal Resort in Khorfakkan and 25 percent of LUX Al Bridi Resort in the central region of Al Dhaid have been completed. With a total investment of AED320 million, both resorts are set for completion …

DUBAI/WAM Food Tech Valley, a UAE-government-led initiative aimed at building a sustainable food ecosystem, has announced a 27-year strategic agreement with Badia Farms to implement hybrid models for growing premium fruits and vegetables year-round. The agreement was signed between Rashed Mohammad, Chief Real Estate Officer of Wasl, and Omar Al Jundi, Founder and CEO of Badia Farms, which is backed …

ABU DHABI/WAM Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE’s GDP growth is expected to surpass 5 percent in 2025. Bolliger told the Emirates News Agency (WAM), during an online press briefing, that the optimistic growth outlook for the UAE economy aligns closely with recent estimates from the International Monetary Fund …