Browsing Category

Business

Aldar announces mega re-development plans for Yas Mall

Aldar Investment announced an AED 500 million redevelopment plan for Yas Mall to reinforce the asset’s position as the centerpiece of Yas Island, Abu Dhabi’s fast-growing residential and leisure destination. The substantial investment will…

CBUAE sells gold for first time in three years

For the first time in three years, the Central Bank of the UAE sold gold bullions worth AED1.7 billion in January 2021, bringing its gold reserve down to AED11.17 billion from a record high of AED12.86 billion in December 2020. The move…

Crypto businesses can set up at DMCC in Dubai

DMCC – the flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - has entered into a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) to establish a regulatory…

Ehang partners with Italian group to design vertiport

EHang Holdings Limited, the world's leading autonomous aerial vehicle (AAV) technology platform company, announced a partnership with an Italian architecture firm Giancarlo Zema Design Group (GZDG) to extend its air mobility solutions in…

Wizz Air Abu Dhabi launches new routes to Kazakhstan

Wizz Air Abu Dhabi, the newest national airline of the UAE, has announced the launch of its latest routes from Abu Dhabi to Almaty and Nur Sultan, Kazakhstan, starting in the middle of May 2021. With the launch of Almaty and Nur-Sultan,…

First GE HA turbines to be installed at UAE Power Plant

The UAE’s first two GE HA gas turbines have been delivered, and are currently undergoing installation and commissioning works at the 1.8 gigawatts (GW) Hamriyah Independent Power Plant. The project is expected to be the most efficient power…