Author: gulf-daily.com

A total of 6,590 real estate transactions in Dubai were recorded in March 2021, valued at about AED22.9 billion, according to the real estate bulletin issued by Dubai Land Department (DLD) under the name Real Estate Updates. The bulletin revealed a growth in number by 43 percent and a growth in value by 40 percent compared to March 2020. It also noted that March 2021 recorded the second highest number of real estate transactions since February 2017.The bulletin showed that real estate transactions in Q1 2021 achieved a significant growth of 27 percent and 47 percent compared to Q1 2020…

Ahmed Ali Al Sayegh, UAE Minister of State, said that the UAE and China have nourished a deep respect, political confidence and support of each other for decades, with their governments working even more closely on joint activities and projects, not only to boost the Belt and Road initiative, but also the well-being of our economies and societies. The minister’s remarks came while addressing the “Bo-ao Forum for Asia”, held in celebration of Bo’ao’s 20th Anniversary this year.”Chinese President Xi Jinping’s 2018 state visit to the UAE and the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown…

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part of the agreement, REIT Development acquired industrial land strategically located in DMCC’s Jumeirah Lakes Towers (JLT) vibrant business district.DMCC has premium plots for sale across JLT, which are attracting significant interest from a diverse range of investors and developers, all in search of…

Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilised crude oil pipeline network. Upon closing, Aramco will receive upfront proceeds of around US$12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally. The transaction represents a continuation of Aramco’s strategy to unlock the potential of its asset base and maximize value for its shareholders. It also reinforces Aramco’s role as a catalyst for attracting significant foreign investment into the…

Fitbit announced Fitbit Luxe, a fashion-forward fitness and wellness tracker designed to help you take a more holistic approach to your health and wellness. Luxe offers the motivation and support you need to stay healthy in today’s world with everything from stress management tools to automatic activity and sleep tracking – all in an effortlessly chic bracelet design. Luxe also gives you insights into your wellbeing through the Health Metrics dashboard in the Fitbit app to help you identify changes which could be caused by increased stress or fatigue.With Luxe, you’ll get six-months of Fitbit Premium for added support and…

Swiss watchmaker Montres Etoile announced the launch of its first complication, an automatic, tri-retrograde, Islamic Lunar and Gregorian Dual – calendar timepiece with moon face. This complicated wristwatch based on an automatic Swiss made movement is completed by a complication module made by Agenhor in Geneva and is housed in a steel watchcase. The watch is available through select retail partners across the UAE, Saudi Arabia, Oman & Kuwait in time for the Eid gifting season as well as at boutiques and POS in Switzerland, Korea, China and Ukraine. Watch enthusiasts and collectors from other markets can contact the brand…

Tourism and Consumer Protection Minister Clayton Bartolo announced recently, that the Maltese islands are reopening for tourism in summer 2021. Both vaccinated and unvaccinated tourists will be welcomed to the island of Malta from June 1st 2021. Located about 50 miles south of Sicily in the Mediterranean, Malta is a small archipelago that boasts a Mediterranean climate with over 300 sunny days per year, a top-ranked healthcare system and some of the world’s best diving locations. With a primarily English-speaking population it is the perfect location for tourism; shown by its growing popularity year on year.As of June, eighteen airlines,…

Plus (formerly Plus.ai), a leading provider of self-driving truck technology, announced it has added $220 million in new financing co-led by FountainVest Partners and ClearVue Partners, with participation from Quanta Computer Inc., Phi Zoyi Capital, and Millennium Technology Value Partners. The company’s existing investors including Sequoia Capital China, SAIC Capital, and Full Truck Alliance (FTA) also participated. This investment is an extension of the $200 million round announced last month, which was led by CPE and Guotai Junan International.The additional funds will enable Plus to further expand its global operations and commercial deployment plans across the U.S., China, Europe and…

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight. The VLCC fleet expansion plays a significant role in supporting ICE Murban Futures, which is expected to boost trading of the UAE’s flagship Murban crude oil, enabling it to reach new customers and markets around the globe. The launch of Murban Futures contracts will also allow ADNOC L&S to further improve its vessel capacity utilization in…

La Lu gourmet chocolates, delightfully delicious creations fashioned from the finest ingredients in Italy intended to satiate the most discerning of tastes, luxuriously smooth in finish and ultra-refined in texture, crafted into a fascinating array of products is now available in the Middle East in time for the holy month of Ramadan. The chocolates can be ordered online from the company’s website. A passion for all things chocolate is what drives the inspiration behind each of La Lu gourmet Foods’ products. Designed by the finest Italian master chocolatiers, to offer chocolate lovers and those with a yen for the finest confectioneries,…