Author: kuwaitdigest.com
Dubai’s real estate market recorded 3,300 sales transactions worth AED6.74 billion in January 2021, a growth of 15.5 percent in terms of transaction number and 37 percent in terms of value compared to January 2020, according to the 11th edition of Mo’asher, Dubai’s official sales price index.The index data, which is taken from the base year 2012, base month for the monthly index January 2012, and the base quarter for the quarterly index Q1 2012, shows that Dubai’s real estate market continues its upwards trend. This is due to the proactive measures and incentive packages launched by the Dubai Government…
Dubai International Financial Centre has welcomed global payment technology provider Adyen, a company that has a market capitalization of €66.4 billion and processed over €303.6 billion worth of transactions in 2020. Dutch firm Adyen announced their expansion into the Middle East in November 2020. The company selected the DIFC as the location for its regional headquarters, due to the Centre’s regional reach and comprehensive ecosystem.Expanding to Dubai complements Adyen’s presence in other leading financial hubs across the world such as New York, London, Hong Kong, Singapore and Tokyo. The move will enable Adyen’s existing merchant base to launch operations in…
Etihad Airways, the national airline of the United Arab Emirates, and Gulf Air, the national carrier of the Kingdom of Bahrain, have signed a Strategic Commercial Cooperation Agreement (SCCA) to deepen their partnership between Abu Dhabi and Bahrain and beyond the respective hubs.The wide-ranging SCCA, subject to obtaining applicable governmental and regulatory approvals, was signed by Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group, and Captain Waleed AlAlawi, Gulf Air’s Acting Chief Executive Officer. The agreement sets out specific actions for deepening and broadening commercial cooperation, building on the Memorandum of Understanding (MoU) the airlines signed in 2018.Tony Douglas…
Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of Investcorp’s affiliates has acquired a portfolio of 13 multi-let industrial assets in South Wales. The acquisition continues Investcorp’s strategy of investing in industrial real estate and represents its first real estate investment in the Welsh market, the company said in a statement on Monday.Strategically located in close proximity to key transport connections in the wider Cardiff region, the portfolio comprises 1.1 million square feet of industrial, warehouse and distribution accommodation and is currently 87 percent leased by a diverse group…
Raptic has been a leading manufacturer in tech accessories and continues to push the boundaries even further by creating brand new power products with the Raptic Titan family. Portable, rechargeable, and zero-fume emitting, Titan provides long lasting power to go with you on any adventure. No access to a wall outlet to charge your gadgets? Titan’s got you covered with three different power capacities to choose from. Whether you’re heading to the outdoors or need the extra power in an emergency, there is a Titan for you – this is truly power reimagined.Up to 225 watt-hours of capacity with LG…
Distinctively fine watches have been produced in Glashütte for 175 years — an anniversary the watchmaking company NOMOS Glashütte celebrated with the release of two special limited edition models. And now the third is here: Club by NOMOS Glashütte comes in three new colors, each limited to 175 pieces. The three names: Club automatic onyx, Club automatic navy, Club automatic olive. This popular model with domed sapphire crystal glass is available in beautiful shades of green, blue, and black (galvanized).Within these timepieces, the NOMOS movement DUW 5001 is at work—the first self-winding caliber from the watchmaking company, introduced in 2005.…