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Abu Dhabi JIIC announces sale of Jubail Island townhouses
Jubail Island Investment Company (JIIC) will this week launch the sale of a new range of townhouses within its AED5-billion ($1.3 billion) Jubail Island development in Abu Dhabi, in the heart of the island's community surrounded by mangroves and wildlife.
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Al Madina Group opens two new retail outlets in Dubai
Al Madina Group, a leading retail chain in UAE, celebrated its 50th anniversary with the opening of two new outlets - Crown Mall and Mango Hypermarket - at Jebel Ali in Dubai. It also unveiled a new logo for the group’s upcoming online platform.
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Aramco closes $12.4bn pipeline deal with consortium
Aramco and an international investor group, including EIG and Mubadala, have announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company for $12.4 billion.
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Nasdaq Dubai welcomes listing of $3bn Indonesian sukuks
Nasdaq Dubai has welcomed the listing of three sukuk tranches issued by the Indonesian government worth $3 billion. With these new listings, the total value of all sukuks listed by Indonesia on the Nasdaq Dubai has increased to $19.75 billion.
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51% of knowledge workers will be remote by 2021: Gartner
Fifty-one per cent of all knowledge workers worldwide are expected to be working remotely by the end of 2021, up from 27% of knowledge workers in 2019, said global research and advisory firm Gartner in a new report.
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GFH makes successful exit from prime US industrial portfolio
GFH Group, a leading regional financial group with interests in asset management and real estate, said its subsidiary GFH Capital has exited from its US industrial portfolio - consisting of 26 assets with over 2.7 million-sq-ft area - acquired in 2016.
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flydubai adds Ankara to destination network
flydubai has announced plans to start a twice-weekly service to Ankara Esenboga International Airport (ESB) from July 29.
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Microsoft names CEO Satya Nadella as chairman
Microsoft Corp has announced that the board’s independent directors unanimously elected Satya Nadella to the role of board chair, replacing John W Thompson who took over as chairman from co-founder Bill Gates in 2014.
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GM to boost EV and AV investments to $35bn through 2025
General Motors said that it will increase its EV (electric vehicle) and AV (automated vehicle) investments from 2020 through 2025 to $35 billion, representing a 75 percent increase from its initial commitment announced prior to the pandemic.
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New 114-bed neuro spinal hospital opens in Dubai Science Park
A new 114-bed neuro spinal hospital with advanced cancer centre space has opened its doors in Dubai Science Park. The next-generation facility, featuring smart patient rooms and green spaces, has been built at a cost of AED 700 million ($191 million).
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Mena box office revenues to hit $1bn by 2024: PwC
Cinema box office revenues in the Mena region are expected to grow by 4 percent to $1 billion by 2024, compared to a 2.4 percent decline worldwide, according to PricewaterhouseCoopers (PwC), a global auditing consultancy.
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New CSR scholarship opens to American firms in Mideast
The American University of Iraq in Sulaimani (AUIS) a not-for-profit university and operated for the public benefit, is aiming to improve the lives of students and their families through a new scholarship campaign called “We Share the Future.”
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Expo 2020 Dubai unveils the Women’s Pavilion
Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment, unveiling creative content and programming for the Women’s Pavilion in collaboration with Cartier that will celebrate women change-makers around the globe.
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