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AD Ports names MAG Group as lead developer for Marsa Zayed
The first phase will consist of 1.2 km of Red Sea beachfront
Dubai property prices surge 27.5% as supply falls short
Only 58% of the anticipated residential supply was delivered in 2024
THIS MORNING: CBUAE keeps rates unchanged following Fed’s move
Plus: Dubai’s RTA launches tender to develop e-bikes’ battery charging and swapping stations
AIM to acquire Fairmont The Palm Hotel for USD 325 mn
The firm will capitalize on this acquisition to launch its GCC Hospitality Fund
Alpha Dhabi now owns the majority of NCTH
The company became NCTH’s largest shareholder in 2023
THIS MORNING: UAEV plans 10k EV chargers by 2030 + 142k HNWIs to emigrate this year?
Plus: UAE consumers to splurge more on dining out in 2025
Jumeirah Group taps new CEO + Farnek gets new MD
Jumeirah tapped interim CEO and former COO Thomas Meieir as CEO
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
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