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Aldar acquires Al Hamra Mall in Ras Al Khaimah

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  RAS AL KHAIMAH / WAM Aldar Properties (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 square metre Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real estate development and investment company, for a total consideration of AED410 million. The transaction adds further scale and diversification ...

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DP World, Congo government begin work on Banana Port

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  DUBAI / WAM DP World, the world’s leading provider of smart logistics, and the government of the Democratic Republic of the Congo (DRC), on Tuesday laid the first stone to mark the start of construction of the new Banana Port. The ceremony was attended by Félix-Antoine Tshisekedi, President of DRC, and Sultan Ahmed bin Sulayem, Group Chairman and CEO ...

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G42 Cloud-Kyndryl deal to spur cloud adoption in UAE

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  ABU DHABI / WAM G42 Cloud, a UAE-based cloud computing provider, on Tuesday announced a strategic collaboration with Kyndryl, the world’s largest IT infrastructure services provider. Through this collaboration, G42 Cloud and Kyndryl aim to accelerate cloud adoption in the UAE and the Middle East. The companies will also look to help drive IT and business reinvention for customers ...

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