{"id":103208,"date":"2025-05-01T00:00:00","date_gmt":"2025-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-egypt-to-cooperate-on-space-projects\/"},"modified":"2025-05-01T00:00:00","modified_gmt":"2025-05-01T00:00:00","slug":"uae-egypt-to-cooperate-on-space-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/uae-egypt-to-cooperate-on-space-projects\/","title":{"rendered":"UAE, Egypt to cooperate on space projects"},"content":{"rendered":"<p class=\"tag-border-left\">SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE Space Agency and the Egyptian Space Agency have signed an MoU to boost<\/strong> <strong>cooperation in space activities<\/strong> <strong>for peaceful purposes<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15jkx5d-uae-egypt-sign-mou-strengthen-peaceful-space\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement, signed on the sidelines of NewSpace Africa and the Arab Space Cooperation Group meeting, sets a long-term framework for collaboration on scientific research and development, technology exchange, and joint space projects in areas such as Earth observation, navigation, and space situational awareness. <\/p>\n<p class=\"tag-border-left\">PORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Hutchinso<\/strong><strong>n offers container services at Saqr Port:<\/strong> Saqr Port Authority-managed Ras Al Khaimah Ports (RAK Ports) has inked an extension agreement with Hong Kong-based Hutchison Port Holdings to continue to offer its container terminal services at Saqr Port until 2037, according to a <a target=\"_blank\" href=\"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/saud-bin-saqr-witnesses-signing-of-extension-agreement-between-rak-ports-hutchison-port-holdings\/\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement should help further boost links between Saqr Port \u2014 the region\u2019s biggest bulk-handling port \u2014 and Asian markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Dubai\u2019<\/strong><strong>s Ports, Customs, and Free Zone Corporation launched its new arm Digit<\/strong><strong>al Zero 4<\/strong><strong>,<\/strong> a digital window specializing in smart transformation in business operations, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/ar\/news\/2025\/april\/30-04\/pcfc-launches-digital-zero-four\" style=\"\" rel=\"noopener\">statement<\/a>. The platform will serve as a commercial front for integrating technological and AI supported solutions in the logistics sector, including commercial licensing, civil engineering, port security, maritime operations, and advanced customs processing.<\/p>\n<p class=\"tag-border-left\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gate <\/strong><strong>Group secures full crypto license in Dubai: <\/strong>Gate Dubai, part of global crypto player Gate Group, has obtained a virtual asset service provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority to provide crypto exchange services to institutional, qualified, and retail investors, the company said in an <a target=\"_blank\" href=\"https:\/\/www.gate.io\/announcements\/article\/44723\" style=\"\" rel=\"noopener\">announcement<\/a>. The firm is now ramping up local hiring and preparing to launch its platform offering crypto-to-crypto and fiat-to-crypto trades.<\/p>\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>JA <\/strong><strong>Sports &amp; Shooting Club launches AED 300 mn Dubai complex:<\/strong> Construction is underway on Dubai\u2019s JA Sports &amp; Shooting Club, a multi-sport complex with an investment ticket of over AED 300 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.jaresortshotels.com\/media-centre\/ja-sports---shooting-club-set-to-become-a-leading-sports-hub-in-dubai\" style=\"\" rel=\"noopener\">press release<\/a>. The complex will open over several phases starting from the end of this summer. The facility includes six international-standard football pitches, a cricket oval, a 15k sqm indoor shooting range, and integrated cycling and jogging tracks linked to the group\u2019s hotels.<\/p>\n<p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Dubai<\/strong><strong>-based real estate and private equity firm Sweid &amp; Sweid acquired Aurora<\/strong> <strong>Tower<\/strong>, a 27-story office building in Dubai Media City, for an undisclosed sum, according to a <a target=\"_blank\" href=\"https:\/\/sweidandsweid.com\/sweid-sweid-completes-acquisition-of-office-tower-in-dubai-media-city\/\" style=\"\" rel=\"noopener\">press release<\/a>. The 223k sq ft Grade-A asset \u2014 home to tenants including Spotify, Universal Music Group, Nielsen, and The Economist Group \u2014 marks the firm\u2019s fourth project in the district.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The firm recently secured an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68c49f33-bfdb-45c6-9888-e98176cc184a\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\" style=\"\" rel=\"noopener\">AED 460 mn amortizing term loan<\/a> from Arab Bank to finance Sweid One, its 500k sq ft Grade-A office tower in Jumeirah Lakes Towers. The project, which the developer unveiled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9344f7a2-51e3-452f-85f3-920f61768fa4\/dp-world-breaks-ground-on-logistics-park-in-egypt%25e2%2580%2599s-ain-sokhna-port-%2B-smes-are-going-greener\" style=\"\" rel=\"noopener\">in 2023<\/a> in partnership with Dubai Multi Commodities Center, is scheduled for completion in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- T<\/strong><strong>ada<\/strong><strong>wul-listed<\/strong> <strong>Walaa ins. inches closer to acquiring 88% of Dubai-based<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/aspireuw.com\/\" style=\"\" rel=\"noopener\">Aspire<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/aspireuw.com\/\" style=\"\" rel=\"noopener\">Underwriting Agency<\/a><\/strong><strong> for SAR 68 mn <\/strong>after it had lined up approval from the Ins. Authority, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86821&amp;anCat=1&amp;cs=8060&amp;locale=ar\" style=\"\" rel=\"noopener\">a filing<\/a> to Tadawul. The transaction, which is still pending approval from the Dubai Financial Services Authority, is part of Walaa\u2019s strategy to expand its inbound reins. footprint. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Janikin Energy, a global engineering staffing firm, acquired a stake in Dubai-based<\/strong><strong> Diverse Resourcing<\/strong>, aiming to enhance its recruitment capabilities in the UAE, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/kt-network\/janikin-energy-uae-engineering-staffing-diverse-resourcing-llc\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The partnership will focus on job placement, workforce mobility, and regulatory support in technical fields. Janikin is also in talks with local institutions to explore workforce development collaborations.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Damac Properties partnered with Chelsea FC to launch Chelsea Residences, a<\/strong> <strong>football-themed real estate development in Dubai Maritime City, <\/strong><a target=\"_blank\" href=\"https:\/\/gulfbusiness.com\/chelsea-fc-damac-to-launch-branded-residences\/\" style=\"\" rel=\"noopener\">Gulf Business<\/a> reports. The project will feature over 1.4k residential units with seafront views and Chelsea-branded amenities focused on health, fitness, and wellbeing. The full development timeline and specifications are expected to be announced later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Damac to launch Chelsea-branded residences<\/p>\n","protected":false},"author":1,"featured_media":103209,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[97,47,1785,324,86,23,7,131,161,1344,717,1366,397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-aldar-properties","tag-also-on-our-radar","tag-cleveland-clinic-abu-dhabi","tag-construction","tag-damac-properties","tag-egypt","tag-enterpriseam-uae","tag-healthcare","tag-infrastructure","tag-ma","tag-m42","tag-nmdc-energy","tag-space","wpautop","entry"],"acf":{"mongo_id":"a8469ecb-d63b-479d-8b8c-8d50e58fc399","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/4.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE, Egypt to cooperate on space projects","related_issue":[103189],"teaser":"Plus: Damac to launch Chelsea-branded residences","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.fd57b745-2755-4a4f-8fbe-5696284c5b74.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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