Browsing: Business

StandDesk, a leading online retailer of sit-stand desks for consumers, is expanding to help small businesses. Launching today, StandDesk for Business offers small business owners a quick and affordable way to select and purchase high-quality commercial-grade furniture for their employees. The new program features a wide variety of ergonomic desks, chairs, dividers and accessories, along with free workspace design services, to help businesses optimize a productive and safe return to the office.“Small businesses were the hardest hit during the pandemic,” said StandDesk Director of E-Commerce Mark Wanczak. “As these businesses get back on their feet, we are here to help.…

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…

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 enhance the customer journey by reimagining the mall’s spaces and introducing new innovative retail concepts. The redevelopment will further enable Aldar Investment to deliver a unique and diversified offering to tenants and customers by repurposing 40 percent of its gross leasable area to high impact experiential retail, F&B, and co-working office spaces. Work on key areas of the mall is already underway and will be completed…

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 framework for businesses offering, issuing, listing, and trading crypto assets in DMCC. The agreement will see businesses dealing with crypto assets gain access to bespoke licenses offered by the DMCC Crypto Centre, first-class customer service, a range of incentives, and the strong business regulatory framework developed by DMCC.Working closely with DMCC’s on-boarding teams, the SCA will issue approvals for crypto-related businesses looking to set…

The MENA Oil and Gas Technology Summit, a one day virtual event hosted by MEED, will take place on Wednesday, 24 March 2021, bringing together stakeholders from National Oil Companies, large end users and utilities companies to explore topics including digitalization, automation, cybersecurity and asset integrity within the region’s oil and gas sector.The oil and gas industry is currently witnessing global oil price volatility coupled with an increasing emphasis on operating more sustainably. A forecast by the International Monetary Fund’s (IMF) expects the GCC’s GDP growth to return to pre-COVID-19 levels only in 2023 – citing weak oil demand, aggravated…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy Operation 300 billion. The 10-year comprehensive strategy aims to empower and expand the industrial sector to become the driving force of a sustainable national economy, increasing its contribution to the GDP from the current AED133 billion to AED300 billion by 2031. Leading the strategy, the Ministry of Industry and Advanced Technology will roll out programs and initiatives to support 13,500 industrial small and medium enterprises (SMEs).Focusing primarily on future industries that implement advanced technology and the Fourth…

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 the EU. With EHang’s passenger-grade AAV technologies and air mobility solutions, GZDG has designed and will build an eco-sustainable vertiport in Italy.The vertiport will use green design and construction materials, and can generate energy to recharge the EH216 passenger-grade AAVs. Vertiports will play a significant role in the Urban Air Mobility (UAM) market and the new era of flight. When integrated into the existing transportation infrastructure, vertiports…