REAL ESTATE-

A total of 336 property agreements worth a combined AED 195.8 mn were signed during the Ajman Real Estate Investment Exhibition, with the number of agreements rising 343% y-o-y, according to state news agency Wam. The three-day showcase — organized by Ajman’s Land and Real Estate Regulation department — gathered over 3k visitors to promote investment in real estate projects.

F&B-

Gulfood 2024 saw upwards of USD 12 bn in commercial agreements, Al Bayan reports. The event brought together more than 5,500 exhibitors and over 150k participants from 190 countries.

EDUCATION-

UAE offers inaugural sports scholarships: Abu Dhabi’s Department of Education andKnowledge has launched a sports scholarship program for Emirati students in grades 9-11 (years 10-12) to receive fully-funded university scholarships in sports-related academic fields abroad, according to a press release. The authority sent six student-athletes for training at IMG Academy in Florida as part of the program’s first batch, and plans to monitor participants in the Abu Dhabi Sports Championships to source further talents.

HEALTHCARE-

A national center for epidemic prevention is in the works: The UAE Health Council announced during a recent council meeting plans to establish a center dedicated to the prevention of epidemics, alongside a centralized platform for health professionals to register and obtain licensing services, Gulf News reports. The meeting also discussed the potential establishment of the Emirates Council for Healthcare Facility Accreditation.

CRYPTO-

Dubai-based fintech company DKK Partners secured preliminary approval from Dubai’s Virtual Assets Regulatory Authorityto offer its blockchain technologies to crypto investors, Al Bayan reports.

INFRASTRUCTURE-

Dubai Municipality to rehabilitate Deira side walls of Dubai Creek: Dubai Municipality kicked off an AED 112 mn project to rebuild and upgrade the supporting walls alongside the Deira side of Dubai Creek, the Dubai Media Office reported. The project aims to reduce commercial traffic interruptions by restoring the creek’s walls.

BANKING-

IBM partnered with First Abu Dhabi Bank Misr (FABMISR) to deploy IBM’s cloud park solutions,Arab Finance reports. The collaboration is set to help FABMISR offer improved and more reliable products to their customers.

TELECOMS-

du + Huawei to upscale internet capacity: Telecoms operator du completed with Huawei the first-ever trial of the high-speed 800G bandwidth aimed at “improving customer experience for using high-speed 5G mobile and broadband home services,” according to a press release.

MANUFACTURING-

Kallada Food Industries inaugurated its AED 100 mn food processing factory in Dubai Investment Park 2, spanning 65k sqm, Albayan reports.

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