The UAE real estate market continued to recover in varying degreesacrossall asset classes, including residential, office, and retail delivery sectors, a trend that will likely continue in 2022. The Q4 2021 UAE Real Estate Report by property management experts Asteco revealed a significant surge in activity and pricing for villas and townhouses segments following the […]
Category: NEWS
Canadian University Dubai to bring Centre for Entertainment Arts to support digital and creative industries
Canadian University Dubai (CUD) will soon be home to the next Centre for Entertainment Arts (CEA) to meet the region’s growing demand for advanced skills in the digital and creative industries. The University has signed a Memorandum of Understanding (MoU) with CEA, Canada to train students for careers in the exciting worlds of film, TV, […]
PIDOAM Awards Farnek TFM Contract
PID Owners Association Management LLC (PIDOAM), a subsidiary of Dubai Investments PJSC has awarded Farnek – a UAE based smart and green facilities management (FM) company, a two-year Total Facilities Management (TFM) contract. Under the agreement, Farnek will deploy more than 100 employees, responsible for maintaining the Mechanical, Electrical and Plumbing (MEP), cleaning and security services for the […]
QCON launches unique initiatives for customers in 2022, setting new standards in the UAE’s Building Material Industry
With the implementation of its internationalization strategy in 2021, QCON is all set to launch a series of unique offerings for its customers. QCON has become a pioneer in offering comprehensive Loyalty Rewards & Referral Programs in construction industry with clear earning, spending, and referral rules for customers based in the GCC Region. Established in 2015, […]
Uniphore Announces $400 Million Series E Funding Round to Support Explosive Growth, Valuation Climbs to $2.5 Billion
Uniphore, the leader in conversational automation today announced its Series E funding round of $400 million. The round, which brings Uniphore’s total funding to more than half a billion ($610 million) is led by NEA and raises the company’s valuation to $2.5 billion. March Capital and other existing Uniphore investors along with new entities are […]
SOS Children’s Villages exhibits first local initiative in the UAE, the “Circular Entrepreneurship Hub”, at Austria Pavilion in EXPO 2020
The Austrian pavilion at Expo 2020 Dubai is set to host the pilot project of the SOS Children’s Villages International, Gulf Area Office, “Circular Entrepreneurship Hub”, on February 16, 2022 from 12 noon to 5 pm. Founded in Austria in 1949, SOS Children’s Villages is the world’s largest non-governmental organization focused on supporting children and […]
F&B trade in UAE exceeds $20bln in first 9 months of 2021: analysis
Food and beverage trade in the UAE increased steadily to reach over $20 billion in the first nine months of 2021, supported by growing demand and expanded efforts to enhance food security and diversify food imports, new analysis from Dubai Chamber of Commerce shows. Imports accounted for the largest share of the UAE’s F&B trade […]
GoDaddy’s regional MENA Survey 2021 finds majority of Egypt’s businesses plan to enhance social and digital presence in 2022
GoDaddy, the company that empowers everyday entrepreneurs around the world, announced the results of its MENA Survey 2021 where more 60% of Egyptian businesses surveyed plan to enhance their social and digital presence and online sales activity in 2022. The report also states that around 38% of respondents in Egypt have built their website with […]
Ooredoo Group announces revenue of QAR 30bln for FY 2021
Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker: ORDS today announced its financial results for the year ended 31 December 2021. Financial Highlights: Revenue for the full year ended 31 December 2021 stood at QAR 30 billion, an increase of 4% compared to the same period last year. Mainly driven by growth in our home market Qatar, Indonesia, and Tunisia. Excluding FX […]
Waha Capital delivers net profit of AED 391mln
Waha Capital PJSC, an Abu Dhabi-listed investment management company, has reported a 69% increase in 2021 net profit to AED 391 million, compared to net profit of AED 231 million in 2020, driven by strong returns from its emerging markets credit and equity funds. The Public Markets business, which reached US$1.2 billion of assets under […]