ABU DHABI / WAM Multiply Group, an Abu Dhabi-based investment holding company, is partnering with US-based 4ocean, a purpose-driven B Corp (certified public benefit organisation) with a mission to end ocean plastic crisis, to offset more than 100,000 pounds of plastic waste and contribute to ocean and coastline clean-up efforts around the world as part of its “Cleaning Up the …

DUBAI / WAM Dubai’s real estate market recorded 547 sales transactions worth AED1.25 billion on Thursday, in addition to 95 mortgage deals totalling AED386.79 million, and 49 gift deals amounting to AED177.98 million, data released by Dubai’s Land Department (DLD) showed. The sales included 503 villas and apartments worth AED1.03 billion, and 44 land plots worth AED214.38 million. The mortgages …

ABU DHABI / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, First Vice President of Al Ain Club, First Vice President of the Honorary Council, Chairman of the Board of Directors of Al Ain Sports and Cultural Club, has issued a resolution appointing Mohammed Abdullah Ahmed Al Dhaheri to manage and supervise the affairs of …

ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has partnered with French pharmaceutical giant, Sanofi, to accelerate the development and commercialisation of cutting-edge technologies in healthcare. Through the strategic partnership, Hub71 and Sanofi aim to improve patient care and strengthen healthcare systems for the benefit of communities in the UAE and beyond. At a time of rapid growth …

ABU DHABI / WAM Aldar Properties on Thursday announced the launch of the second building at The Source, a residential community that redefines wellness-inspired living in the heart of Saadiyat Island in Abu Dhabi. The Source II follows on from the sell-out of the first building at ‘The Source’, a community specifically designed with residents’ holistic health and wellbeing at …

ABU DHABI / WAM Under the patronage of the HH Sheikha Fatima bint Mubarak, “Mother of the Nation”, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), and the Honorary President of the Sheikh Zayed Private Academy, the Academy held graduation ceremonies for its third …

DUBAI / WAM Dubai South has signed an agreement with Beijing New Aerotropolis Holdings Co, China, to establish a comprehensive framework for nurturing cooperative relations, encouraging mutual growth in areas like economic development, urban land-planning, job creation, training, and sustainability. The agreement was signed by Zhigang Liu, Chairman of Beijing New Aerotropolis, and Mohsen Ahmad, CEO of the Logistics District, …

DUBAI / WAM Dubai CommerCity, part of the Dubai Integrated Economic Zones Authority (Diez) and a joint venture with the property developer Wasl, signed a partnership agreement with Wafi Group’s upcoming omnichannel department store Link at Wafi City to launch SparkBiz, a unique solution that offers exceptional benefits to businesses looking to enter and expand in the region’s market. The …

BLOOMBERG Indian equities headed for fresh all-time closing highs as foreign funds piled into the market, lured by the promise of faster economic growth and an extended pause on interest rates. Equities rebounded from this year’s lows touched in March as global funds, disappointed by China’s uneven recovery, increased holdings of Indian stocks to capitalise on one of the fastest …

BLOOMBERG European technology shares fell the most in two weeks on worries that central banks will keep driving interest rates higher. ASML Holding NV lost 1.8%, the biggest drag on the Stoxx 600 on Thursday. In the US pre-market, GameStop Corp plunged 18% after firing its chief executive and reporting sales that fell short of estimates. Technology stocks, which tend …