Abu Dhabi / WAM Aldar Investment has completed the acquisition of a 70 percent equity interest in Abu Dhabi Business Hub, valuing the company at more than AED500 million, with the remaining 30 percent owned by a strategic partner. The acquisition marks the creation of Aldar Logistics, the company’s new logistics real estate vertical, which will focus primarily on ...

  Sharjah / WAM Construction of the UAE’s first waste-to-energy plant has been completed, with the project now entering the testing and commissioning phase. The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture (JV) established by Beeah Energy, the renewable energy business of Beeah Group, and Masdar, one of the world’s ...

  DUBAI / WAM A recent report by the Business Registration & Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, stated that over 18,013 e-Trader licences have been issued since the launch of the initiative in March 2017 until end-March 2022. The growth in the number of e-Trader licences reflects the emergence of e-commerce as an ...