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Abu Dhabi launches unified drone platform + More real estate developments and expansions
ALSO- Hassi Properties opened a new private office in Dubai
THIS MORNING: Emirates NBD reportedly eyes acquisition of Egypt’s Banque du Caire + MAF shutters Carrefour stores in Oman
Plus: UAE, Malaysia could finalize trade agreement next week
UAE opens a new trade link to China through Northern Pakistan
PLUS: Adnoc Distribution inked a five-year contract with Adnoc Gas Facilities to secure propane supplies through 2028
10 UAE venture capitalists make Forbes’ Middle East’s top VCs list + Mashreq Al Islami’s retail brand receives accolade
The Forbes list included leaders of 10 UAE-based firms, and three Emiratis
New price controls on basic goods as of 2025
Retailers will now need prior approval from the Ministry to increase prices
Adia subsidiary sells its 69% stake in UK shopping center Liverpool ONE
The Abu Dhabi sovereign wealth fund had tapped JLL last year to find a buyer for its stake
Disrupt Ventures leads USD 5.5 mn seed funding round for South Asian fashion marketplace Laam
The funds will be used for regional expansion purposes
UAE consumers maintain their elite preferences in 3Q 2024 - NielsenIQ
The FMCG sector grew 4.1% in 3Q 2024, while tech and durables grew by 2.8%
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