UAE creates ‘Parkin’ to oversee parking space operations in Dubai
Dubai, UAE - The UAE has issued a law establishing ‘Parkin’, a public joint stock company (PJSC) that will oversee...Business
Dubai and Abu Dhabi to vie for Gulf Capital’s offering
Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the...Gulf Capital bets on growth in Asia to outperform US and European markets
The UAE-based institution manages more than $2.5 billion worth of assets
Arrival of a ship carrying 1,200 passengers marks start of Dubai’s cruise season
The arrival of the 252-meter-long cruise ship, AIDAbella, at Dubai Harbour on Friday marked the start of the cruise season...The arrival of 252-meter-long cruise ship AIDAbella also marks the official debut of the region’s largest Dubai Harbour Cruise Terminal.
Dubai’s 2021-2022 season, which commenced in October, is expected to welcome 126 ship calls and over 500,000 cruise visitors.
New Covid-19 variant spooks global markets
Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.The B.1.1.529 strain has been blamed for a surge in fresh cases in South Africa and has already cropped up in Hong Kong
The WHO is deciding decide if it should be designated a variant of ‘interest’ or of ‘concern’
MSCI includes Waha Capital
The company has been added to key UAE and global small-cap indices.The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors
MSCI indexes are closely replicated by passive funds and other investment vehicles, such as mutual and exchange traded funds (ETFs)
Dubai sees $1.9b weeklong real-estate transactions
The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.A total of 166 plots were sold for AED1.01 billion ($275 million) in the emirate over the week
Also, 1,684 apartments and villas were sold in the same timeframe, for AED 3.83 billion ($1.04 billion)
Saudi Arabia: Diriyah Square will host over 450 of the finest global brands
Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles.Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles
The project will apply timeless Najdi-inspired architecture and design principles that reflect the profoundness and antiquity of Saudi culture
Dubai ranks first in Arab world in Innovation Index
The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city...The report, entitled The Road to Recovery through Resilience and Innovation, examined 39 cities
Singapore and Hong Kong maintained their first and second places on the Index respectively
dnata expands to Africa
It has set up operations in Zanzibar with $7m investment.dnata has signed an agreement for the operations of the newly international terminal of the Zanzibar Abeid Amani Karume International Airport
It has said it will also create 400 new jobs at the airport
AD Ports Group and Turkiye Varlik Fonu sign partnership agreement
AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for...The partners will collaborate on major investment opportunities for port development and operations.
The two organizations will also collaborate in establishing a joint steering committee to assess all investment opportunities.
ADNEC to acquire Etihad Holidays
The move is aimed at expanding its footprint in tourism.Tourism 365, the ADNEC tourism promotion business, will integrate with Etihad Holidays under the terms of the asset transfer.
Etihad Holidays' offering will combine Etihad Airways’ product with packages in different source markets to key destinations.
