Lootah Real Estate Development (Lootah) – one of the region’s most prominent real estate developers – has announced the appointment of Russell Owen as Chief Operations Officer (COO) and Faraz Kothari as Chief Financial Officer (CFO), in line with the centralisation of its organisational structure. The significant changes in leadership aim to redirect the focus on ensuring a seamless transition towards the next phase of growth in the beginning of a new era post-coronavirus. According to CEO Saleh Abdullah Lootah, the move reflects the company’s proactive strategy to adapt and keep pace with the changes in market conditions. He underscored…
Author: Kasun Illankoon
Whoever heard of holding a machinery auction without an auctioneer? Well that’s the disruptive premise of an all-new offering from industrial networking platform Krank. Its new auction feature allows companies to host their own auctions and sell equipment online. The system is secure, with users creating their own private marketplaces, choosing who can participate in the auction and agreeing terms – all with no commission or fees for buyer or seller. Covering everything from inspection to compliance, documentation and payment and delivery terms, the B2B auction feature from Krank puts the seller in control of the sale and provides transparency,…
SensGreen has formally launched their UAE branch with offices located in Dubai at Jafza One Tower and Abu Dhabi ADGM. With an aim to expand its comprehensive and sustainable portfolio in ‘Internet of Things’ and ‘Green Solutions’ across Middle East, Tolga Candan has been appointed as their regional head of business. The award winning technology company is known for their Indoor Air Quality solutions with their AI engined software platform and the homegrown patented wireless sensors converting measured data into actionable insights for optimizing hvac control systems. SensGreen, backed by Techstars and Abu Dhabi’s HUB71, is already deployed by several…
UAE-headquartered Truebell, a leading GCC importer of fast-moving consumer goods (FMCG), has announced the expansion of its e-commerce offering, giving brands new omni-channel opportunities in this fast-growing segment. Truebell will now sell a range of products on 24 online mainstream and specialised platforms, including Amazon, Noon, Sprii, MumzWorld and FirstCry. Initially, 900 products will be available with plans in place to increase this as demand comes through. Thanks to this initiative, Truebell is rapidly becoming the distributor of choice for more leading international brands. Truebell Divisional Manager, Retail & Food Service, Bhushant J. Gandhi said: “As part of our business…
Reinforcing its reputation for the highest international standards and timely project delivery, Sobha Realty, the leading premium real estate developer, today confirmed that it remains committed to its construction schedule for 2020, with delivery on track across Sobha Hartland, its flagship master development located at Mohammed Bin Rashid Al Maktoum City in the heart of Dubai. The company announced that Gardenia Villas Phase II is now complete and in the process of handover. Hartland Greens Phase III (Buildings 5 and 6) is advancing as planned and is at 90 per cent completion with delivery scheduled in 2020. Despite the challenging impacts of…
SMETRON Fuel Control System is now in operations on the fuel bowsers and mobile tankers of Wade Adams Contracting, the largest construction company in the UAE. Smetron just released FCS2, the second generation of their fuel controllers, which utilizes only one flow meter for both IN and OUT transactions. On reports, the single flow meter has two distinct IDs, appearing as though there are two flow meters installed: one to receive fuel and the other to deliver fuel. Operators can simply choose “IN” to receive fuel to fill the tanker or “OUT” to deliver fuel and fill the customer’s fleet.…
Dubai Exports announced they will co-host the UAE’s major virtual international buyers forum in the COVID-19 era in partnership with Abu Dhabi Exports Office (ADEX) and Etihad Credit Insurance (ECI) in a unified effort to boost the emirate’s export economy and increase foreign business to drive economic recovery for Dubai businesses. The announcement of the forum which will be held on July 21st, 2020 was made in conjunction with the signing of a new Memorandum of Understanding between ADEX, the UAE-wide export financing entity founded by Abu Dhabi Fund for Development and Dubai Exports, an agency of Dubai Economic Department…
Umm Al Quwain’s risk reduction measures are driving the economic recovery after the COVID-19 pandemic. For more than 7,000 investors from large, medium, small, and micro-projects in the Umm Al Quwain Free Trade Zone, which is one of the fastest free zones Growth in the Middle East and North Africa. Umm Al Quwain Free Trade Zone Authority took a series of measures in late March 2020 to ensure the continuity of the business of its current investors in the wake of the COVID 19 pandemic. These measures have helped many small, medium, and micro-projects operating in the free zone to…
Ithra Dubai’s iconic One Za’abeel development has achieved a major milestone with The Link accomplishing its final slide at ground level. This part of the structure is now extended to its ultimate length of approximately 189 meters, bracing The Link for its show-stopping engineering feat where it will be lifted 100 meters above ground level to its final position connecting One Za’abeel’s two towers. A cantilevered structure will be later added, giving the Link its final shape as a cantilevered sky concourse. Currently, The Link is safely positioned over The Happiness Bridge in Dubai’s Financial District and is undergoing its…
Amlak Finance PJSC, a leading specialised Islamic real estate financier, today announced a newly formed partnership with Dubai Land Department (DLD). This strategic cooperation aims at allowing customers to invest in ready and well-maintained properties listed by Amlak Finance via easy instalment payment plans for a tenure of up to six years. The agreement was signed by HE Juma bin Humaidan Deputy Director General of Dubai Land Department, and Arif Alharmi Albastaki, CEO of Amlak Finance. HE Juma bin Humaidan Deputy Director General of Dubai Land Department, said: “This partnership comes in line with our approach to support all parties…