Etihad Cargo, the cargo and logistics arm of Etihad Airways, Abu Dhabi Airports, a vital enabler of the emirate’s aviation sector, and Abu Dhabi Food Hub – KEZAD, the region’s most prominent and first dedicated food wholesale market and logistic hub, have signed a tri-party memorandum of understanding (MoU) to jointly establish a fully compliant and transparent origin-to-destination perishable air corridor known as the ‘Fresh Corridor 2.0’. The initiative will support the diversification of food sources, the development of new trade corridors, and the enhancement of the choice and variety of products available for regional consumers. Antonoaldo Neves, Chief Executive…
Author: Vibha Mehta
Deyaar Development PJSC (‘Deyaar’), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), has today announced its preliminary unaudited financial results for the year ending 31 December 2023. Deyaar announced a 206% increase in net profit compared to the previous year, with the company’s net profit rising to AED 440.7 million in 2023 from AED 144.2 million in 2022, while the total revenue saw a 56% increase, reaching AED 1,254.3 million in 2023 compared to AED 803.4 million in 2022. The increase in revenue is attributable to an increase in Property Development…
ANAX Developments, a subsidiary of ANAX Holding, is proud to announce its first foray into Dubai’s luxury real estate sector – with the launch of VENTO Tower, a development designed to herald a new era in luxury living with a project total investment value of AED 470 million. The company’s first real estate venture, VENTO Tower, slated for completion in Q4 2025, comprises 225 luxury residences – fully furnished and equipped – studios and one-bedroom apartments. Sprawling over 19 residential floors, residents are welcomed via a five-star hotel-style lobby with 24-hour security and a fully-fledged concierge service. VENTO Tower is…
The ninth edition of Dubai Customs Week commenced with the theme ” Digital Empowerment: Forging Impactful Partnerships,” underscoring the importance of cultivating purposeful partnerships and fostering their development. The event aimed to emphasize the establishment of new alliances to facilitate trade, ensure border security, and enhance the flexibility of global supply chains. Dubai Customs has been organizing Customs Week for the ninth consecutive year to mark International Customs Day, celebrated annually on January 26. The government department announced the coordination of over 30 diverse customs-related events throughout the week, engaging various stakeholders such as partners, clients, relevant authorities, and the community.…
Majid Al Futtaim Development, part of Majid Al Futtaim, has today announced the breaking of ground across two upcoming residential features in its flagship lifestyle destination, Tilal Al Ghaf. The contracts, totalling AED 3 Billion, have been awarded for Alaya and Elysian Mansions, with both neighbourhoods anticipated to be completed by mid-2026. Majid Al Futtaim Development has named Innovo Build LLC, a part of the ASGC group, as the primary contractor for the development of Elysian Mansions. Elysian Mansions boasts a distinctive collection of customisable five-to-six-bedroom waterfront villas inspired by the Elysian Fields of Greek mythology. Designed by globally renowned…
Speaking with Vibha Mehta, Benjamin Neal, Head of HSSEQ at P&O Maritime Logistics, joins us on a new episode of #unplugged where they explore health, safety, environment, and quality in the maritime industry. “AISA was inspired by the need for a comprehensive safety management tool that goes beyond traditional approaches. It is an AI safety assistant that addresses the challenge of effective communication and decision-making in the maritime sector by leveraging AI to provide instant support in any language. AISA aims to enhance safety, streamline operations, and bridge communication gaps within diverse naval crews,” says Benjamin. To listen to the…
Salik Company PJSC (‘Salik’ or the ‘Company’), Dubai’s exclusive tollgate operator, has announced that the Roads and Transport Authority (RTA) has formally assigned Salik to install two new toll gates to optimise traffic flow and reduce congestion on key routes within Dubai. The new gates will be at Business Bay Crossing on Al Khail Road and Al Safa South on Sheikh Zayed Road between Al Meydan Street and Umm Al Sheif Street. The two locations have been selected based on extensive traffic movement studies by the RTA. Their objective is to manage traffic distribution and reduce congestion by rerouting some…
LEOS Developments, the distinguished British-born international property developer in Dubai, has appointed Transemirates as the official main contractor for Weybridge Gardens in Dubailand. The estimated value of the partnership agreement is AED 80+ million. Weybridge Gardens, a mid-rise residential and lifestyle community in Dubailand, will be home to 187 modern apartments and aims to set a new benchmark in Dubailand for high-quality design and interiors coupled with world-class amenities. Dedicated to meeting construction milestones in a timely and efficient manner, LEOS Developments will complete and hand over Weybridge Gardens in Dubailand in the first half of 2025. “We are thrilled…
flydubai, the Dubai-based carrier, inaugurated operations in Mombasa, Kenya, on 17 January. With the start of the four-times-weekly service to Mombasa, flydubai has grown its network in Africa to 12 destinations in 11 countries. The inaugural flight FZ 1289 from Dubai International (DXB) was welcomed with a celebratory water cannon salute upon landing at Moi International Airport (MBA). A senior delegation, including H.E. Abdullswamad Sherrif Nassir, Governor of Mombasa, Hon. Onesimus Murkomen, Minister of Roads and Transport, as well as representatives from Kenya Tourism and Kenya Airports Authority, welcomed the passengers and Sudhir Sreedharan, Senior Vice President, Commercial Operations (UAE, GCC,…
Alef Group, the leading real estate company in Sharjah, has announced the completion of 15% of the master infrastructure in the ‘Arim’ zone within the Hayyan development. This announcement was shared during the ACRES Real Estate Exhibition 2024, which is taking place at the Sharjah Expo Centre from January 17th to 20th. “We are delighted to report the completion of a significant portion of our latest neighbourhood, ‘Arim,’ in Hayyan. Hayyan represents the essence of Alef Group’s vision: combining modern design with sustainable practices. As we progress with this distinctive project, we are eager to continue our advancements and provide…