ENBD REIT, the Shariah compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced said its Net Asset Value (NAV) stood at $254.7 million, equivalent to $1.02 per share for the financial year ended 31st March 2026, representing a 16.5% increase year-on-year from $218.6 million.
Sobha Group has entered strategic memorandums of understanding (MoU) with 10 leading global and regional universities, reinforcing its long-term commitment to building future-ready leadership talent and strengthening its position as a people-first organization that invests as deeply in its people as it does in its projects.
MYCRANE, the first global platform for crane rental and purchase, has further strengthened its commercial team in Saudi Arabia with the appointment of Shiraaj Shaleeh as Head of Sales and Aashish Mulye as Sales Manager, both based in Riyadh.
The Abu Dhabi National Oil Company (ADNOC) is accelerating construction of a second crude export pipeline designed to bypass the strategically sensitive Strait of Hormuz, with the project now 50% complete and targeted for delivery in 2027, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
Jazeera Paints, a leading company in the paint, colour, and building solutions industry, is strengthening its presence across Gulf markets as part of its broader regional expansion strategy, by opening its first branch in Doha.
Global leader in light and sustainable construction, Saint-Gobain inaugurated its new construction chemicals manufacturing unit in Ras Al Khaimah, reinforcing its long-term commitment to the UAE market and expanding its regional product range offer along with production capabilities.
Youngest Arab billionaire Abbas Sajwani's AHS Properties aims to scale its project pipeline to AED50 billion ($13.61 billion) in value by year-end.
Abu Dhabi National Company for Building Materials (BILDCO) has announced a strategic partnership with Wujod Real Estate Development to develop an integrated sustainable city in Abu Dhabi with an initial investment of AED2 billion ($544.4 million) in the first phase.
Abu Dhabi-based BILDCO is studying a strategic logistics project in Oman aimed at developing an integrated logistics hub at the Port of Salalah, alongside a collection and operations centre in Sohar.
NMDC Dredging & Marine, a subsidiary of NMDC Group, has inaugurated the NMDC Coastal & Hydrodynamic Center, the region’s first hydraulic physical modelling test facility.
