A total of 1,277 real estate and property transactions valued at Dhs4.9 billion were registered during the week ending 18 February 2021, according to WAM. Eighty plots were sold for Dhs417.81 million, while 776 apartments and villas were sold for Dhs1.23 billion. The top three transactions were land deals in Jebel Ali Industrial II area, it sold for Dhs77.7 million, followed by a plot of land at Dhs36.5 million in Island 2, and another plot for Dhs77.7 million in Jebel Ali Industrial II. Nad Al Sheba Third recorded the largest number of transactions, 24, worth Dhs58.52 million, followed by Al…
Author: Jochebed Menon
Jochebed Menon
Jochebed Menon is the Editor of Logistics News Middle East. She covers issues related to the logistics and supply chain industries in the region. She’s been a journalist since 2012 and has primarily worked on B2B titles in travel, hospitality, aviation, and construction.
During a visit to the Hatta Customs Center, the Director General of Dubai Customs Ahmed Mahboob Musabih toured the area and reaffirmed the importance of advanced technologies used in inspection and scanning. Musabih said that the centre “facilitates trade in what has been a testing time for all”. The total volume of goods in 2020 passing through the border crossing touched 966,000 tonnes via 75,100 trucks, most of which were basic commodities such as foodstuff, and building materials. He emphasised the important role the centre plays in supporting the supply chain and the import and export activity in the local…
Sharjah Electricity, Water and Gas Authority (SEWA) has begun executing a project to replace the old water networks in four regions of Sharjah at a cost of more than Dhs30.1 million, according to WAM. Works are being done in the areas of Al-Yarmouk, Al-Ghafia, Al-Sabkha and Samnan, as part of SEWA’s integrated plan to replace the old, dilapidated networks in different areas of the emirate and the diameter of the distribution lines between 100 and 300 mm. Saeed Al Suwaidi, Chairman of SEWA, stated that the Authority’s strategic plan includes strengthening water transmission and distribution networks in all regions of…
Defence and security firm Saab has signed a Memorandum of Understanding (MoU) with Abu Dhabi Ports for collaboration on the development of technologies for port surveillance and vessel traffic management. “We are excited to collaborate with one of the fastest growing and innovative port operators in the world. Their high requirements will be essential for us in our ambitions to develop market-leading technologies made in the UAE,” said Anna-Karin Rosén, Managing Director, Saab in UAE. The agreement was signed at the international defence exhibition IDEX 2021 in Abu Dhabi. Captain Maktoum Al Houqani, Chief Corporate Authority Officer, Abu Dhabi Ports,…
Heriot-Watt’s brand-new campus at Dubai Knowledge Village is ultramodern, high-tech and boasts state-of-the-art amenities to say the least. Design Middle East takes a tour of the new facility In the past decade or two Dubai has attracted several universities of international repute as it aims to create a multi-cultural, dynamic, and global educational environment. Educational institutes from around the world having seen the potential the emirate has to offer, set up campuses in the city. The Scottish university Heriot-Watt was among the firsts to set foot into Dubai. It established its first overseas campus in Dubai – Dubai Academic City…
IBX Logistics has recorded a 68% year-on-year rise in revenue in 2020. The strong growth has been attributed to expansion in global markets such as France and Switzerland, coupled with established partnerships and trade linkages as well as talented professionals to streamline and manage supply chains. Equipped with an ambitious team, the company is looking to further expand its business this year with the launch of new e-commerce services and additional operations in other strategic markets, capitalising on its strengths and experience in the freight forwarding/logistics industry as well as being ISO 9001:2015 certified by Bureau Veritas. Despite the COVID-19…
Dubai Land Department (DLD) has strengthened the scope of its innovative Smart Valuation initiative by launching the second phase that includes buildings and villas, WAM reports. The initiative was launched during DLD’s participation in UAE Innovates 2021 week, under the slogan ‘We innovate for a new reality’, during which it highlighted several smart projects and initiatives. The initiative, which was launched in September 2020 to cover real estate units in the first phase, is the first-of-its-kind globally. Since its launch, around 1,700 units were valuated, with 100% customer happiness and valuation accuracy, according to DLD’s survey. Within the framework of…
Saleh Alobeidli & Co and International Consultant Law Office (ICLO), two regionally recognised law firms announced the completion of their merger, providing a stronger footprint for businesses in the UAE. The combined forward-thinking firm will continue doing business under the ICLO name with the aim to bring clients a combination of enhanced capacity and experience, built on long-standing records of successful wins and ethical representation of clients across various industries. More importantly, ICLO will guide individuals and organisations constructively through complex law issues. ICLO will offer support to local and international clients in arbitration, litigation, corporate & commercial law, real…
The total number companies operating in the UAE free-trade zones grew by 4.4% to around 60,600 by mid – February 2021, compared to end of the same month last year, according to the UAE’s National Economic Register (NER), WAM reported The growth is reflective of the successful business continuity and disaster recovery plans adopted by the UAE to lure foreign business to work across the nation amidst the global economic slowdown triggered by the COVID-19 since the second quarter of 2020. According to the NER’s figures, businesses operating in UAE free zones account for over 8% of the total number…
Integrated aircraft sustainment solutions provider for military and civilian customers, GAL partnered with the Abu Dhabi Vocational Education and Training Institute (ADVETI) to train and encourage talented and interested UAE national students to join the company’s MRO staff cadres in Abu Dhabi. Mohammed Al Khemairi, CEO of GAL signed the agreement with Dr Abdulrahman Jassim Al Hammadi, Managing Director, of ADVETI on the sidelines of the International Defence Exhibition and Conference (IDEX 2021), underway at the Abu Dhabi National Exhibition Centre (ADNEC). Under the terms of the agreements, GAL is to train students of engineering and logistics from ADVETI in…