In line with the vision of Dubai’s leadership to make Dubai the global city with the best quality of life and further enhance its appeal as the world’s best city to visit, live, work, invest in, and study, Golden Visa holders in Dubai will be gifted the coveted Esaad privilege card. The Esaad card is […]
GFH Financial Group (“GFH or the Group”) today announced that it has acted as Joint Lead Manager, alongside other parties, on the pricing and issuance of a US$400 million Sukuk by Dar Al Arkan (“the Company”), a leading real estate development company in Saudi Arabia. The sale of the three-year Sukuk, which took place on […]
AviLease, a newly established aviation financing and leasing company wholly ownedby the Public Investment Fund (PIF), officially launched today. At the launch event, which took place in London, UK, to coincide with Farnborough International Airshow week, AviLease signed its first leasing agreement, with leading low-cost-airline Flynas, which will see AviLease purchase twelve new A320neo aircraft […]
The first half of 2022 has concluded on a strong note for the Dubai property market as it recorded 43.2k transactions worth AED 115 billion. This marks a year-on-year growth of nearly 60 per cent in terms of sales volume and 87.8 per cent in terms of sales value, according to the Zoom Property Insights. […]
As part of its ongoing commitment to support entrepreneurs, Microsoft today announced that it plans to join forces with Majid Al Futtaim to empower regional startups and SMEs through the Dubai-based retail giant’s Launchpad Program. As a partner in the Majid Al Futtaim Launchpad accelerator initiative, Microsoft intends to commit resources and expertise to startups […]
Agthia Group PJSC, one of the region’s leading food and beverage companies, today announced that its Board of Directors has approved a strategic acquisition of 60% of Auf Group, a specialised healthy snacks and coffee manufacturer and retailer in Egypt. Established in 2010, Auf Group processes, manufactures, retails and distributes a broad portfolio of products […]
New quantum computers have the potential to crack current cryptographic schemes. So, a wide variety of algorithms are being investigated as part of the US NIST competition for post-quantum cryptography. These are cryptographic schemes that are resistant to quantum attacks. One area that is actively being explored involves finding new ways to generate key pairs […]
The total volume of transactions in Dubai’s residential market reached 7,941 in June 2022, up 33.3% from a year earlier. Over this period, off-plan sales increased by 46.7% and secondary market sales by 24.4%. Total transaction volumes in the year to date to June 2022 reached 38,901 this is the highest total recorded since 2009, […]
Metropolitan Capital Real Estate (MCRE), part of the Metropolitan Group, witnessed a significant increase in business from international clients with 70% of its June transactions coming from international customers. Investors showing the most interest in Abu Dhabi real estate are business owners and senior executives from the CIS region and western European countries such as […]
Etihad Airways, the national airline of the UAE, has been named ‘Environmental Airline of the Year 2022’ in the annual Airline Ratings awards. The ranking recognises Etihad’s industry-leading strategy to improve aviation sustainability for both the airline itself and the entire industry. The UN Framework Convention on Climate Change chose the UAE as host for […]
