Ohana Development, a prominent luxury real estate developer in the UAE, has officially begun construction on its new residential project, Elie Saab Waterfront by Ohana, located on Al Reem Island in Abu Dhabi. The project will consist of 174 units, which will include both contemporary apartments and luxurious penthouses. Scheduled for completion in the second...
IHC Capital Holding, based in Abu Dhabi, has sold more than 8.4 million shares of India’s Adani Enterprises for a total of 18.32 billion rupees, equivalent to $210 million. This sale was executed through open market transactions involving IHC’s subsidiaries, Green Vitality RSC and Green Energy Investment Holding RSC, as indicated by block deal data...
Dubai’s Roads and Transport Authority (RTA) has partnered with Keolis MHI, the company responsible for the operation and maintenance of Dubai Metro and the operation of Dubai Tram, to create an integrated digital system aimed at enhancing the passenger experience. This new platform is designed to oversee inspection operations at metro and tram stations, aligning...
Emirates NBD, the largest bank in Dubai, has announced a partnership with digital-assets firm Aquanow to offer cryptocurrency services via its digital banking arm. Customers using Emirates NBD’s digital bank, Liv, can now buy, sell, and trade cryptocurrencies through the Liv X app, according to the bank’s statement. This initiative comes as banks increasingly venture...
Visa has launched its Tap to Add Card feature in the UAE, a significant step forward in the realm of digital wallet integration. This innovative technology allows cardholders to add their Visa contactless cards to digital wallets simply by tapping them on their mobile devices. The Tap to Add Card feature enhances both security and...
The UAE Circular Packaging Association (CPA) has elected a new board during its annual general assembly held at Dubai Chambers. This new leadership aims to enhance public-private collaboration and strengthen the association’s role in promoting circular packaging solutions, which are crucial for advancing the UAE’s circular economy agenda. As sustainability becomes a focal point of...
UAE-based wealth management firm Capital Haus has made a significant investment by acquiring an 11.6% stake in Equity Story, a financial media and investment advisory firm that is listed on the Australian Securities Exchange (ASX). The acquisition involves 19 230 770 shares purchased at a price of 2.6 Australian cents per share, which will be...
A new alliance formed by 41 Egyptian private companies is set to enhance exports to Arab countries, aiming to support economic growth in the region. The establishment of the Arab Alliance for Industrial Investment is anticipated to be finalized next week, according to Mohamed El-Bahi, a board member of the Federation of Egyptian Industries. This...
Ohana Development, a leading luxury real estate developer in the UAE, has officially started construction on its latest project, the ELIE SAAB Waterfront, located on Al Reem Island in Abu Dhabi. This new residential development aims to set a new standard for luxury living in the region, featuring designs by the acclaimed fashion designer ELIE...
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has introduced a comprehensive program aimed at improving the early detection of plant diseases and pests. This initiative is designed to protect the agricultural sector by enhancing the monitoring and response capabilities related to plant health. Under this program, ADAFSA will implement advanced technologies and methodologies...