DHL Global Forwarding, the freight specialist arm of the DHL Group, has acquired shares in the Danzas AEI Emirates, with all facilities now rebranded to DHL. The complete integration not only brings a transformation in logo and name but also enhances operational capabilities with the transfer of 1,100 logistics experts and ownership of over 20 facilities. This will result in more efficient and seamless logistics services for customers in the UAE, GCC, and MEA (Middle East and Africa) region. With this integration, DHL Global Forwarding solidifies its position as a market leader in freight forwarding and logistics in Dubai, further…
Author: Vibha Mehta
Real estate developer AMIS announced its establishment in Dubai today, launching its first project, The Woodland Residences, an AED 425 million development featuring the first integration of actual branded surfaces into properties in the UAE. Boasting a sellable area of 220,000 sqft, the development elevates the concept of branded residences from mere aesthetics and marketing to seamless product integration within unit interiors. The Woodland Residences signifies a turning point in luxury real estate, heralding a milestone collaboration between AMIS and Laminam. This partnership brings Automobili Lamborghini branded surfaces to grace every villa within the project. The opulent characters, expertly embedded…
Gulftainer, a leading operator of regional ports and terminals and a provider of customised supply chain and logistics solutions, has announced that it will migrate its core ERP to the cloud, adopting RISE with SAP and S/4HANA to enhance its regional and global operations, as part of its more comprehensive digital transformation roadmap. Under their expanded collaboration, Gulftainer’s Group CEO, Peter Richards, met with Marwan Zeineddine, Managing Director at SAP UAE, at COP28 – Expo City Dubai, alongside senior representatives from both companies including Vinay Sharma, Director of IT at Gulftainer and Johannes Dressler, Chief Operating Officer at SAP Middle…
The Chartered Institute of Procurement and Supply (CIPS) recently awarded the Abu Dhabi Accountability Authority (ADAA) certification in Corporate Ethical Procurement and Supply. All procurement and supply management staff at ADAA completed training in ethical procurement and supply management and passed a test in fraud, corruption, bribery and environmental concerns. Now more than ever, it is essential for procurement teams to implement and maintain ethical processes, which detail a company’s code of conduct and commitment to environmental, social and legal issues. CIPS MENA Managing Director Sam Achampong said, “We are delighted that ADAA has been certified in ethical procurement, and this demonstrates their understanding of the…
The region’s positive economic climate creates substantial growth opportunities for market-leading consultancy firms. This is evidenced in the latest growth figures from AESG, which show the company posted a 46% year-on-year revenue increase in 2023 and secured over 200 million dirhams in contract awards over the past 12 months. The firm was quick to reinvest these gains into a 34% increase in headcount, further enhancing its ability to play a pivotal consultancy role in the region’s many mega and giga projects, which have significantly contributed to its growth over the last year. “Middle East markets – in particular Saudi Arabia…
Global diversified professional services and investment management company Colliers (NASDAQ, TSX: CIGI) announced today that Sankey Prasad will expand his leadership role to include Project Leaders in the Middle East. Effective immediately, Sankey becomes Chairman and Managing Director for India & Project Leaders Middle East. He will also take a significant stake in Colliers’ rapidly growing Project Management business in the Middle East, supporting the region’s flourishing real estate market in collaboration with Colliers’ existing real estate services business in the Middle East and North Africa (MENA) region. Sankey is an eminent leader in the real estate industry in India.…
Lumi car rental company (“Lumi” or the “Company”) signed an agreement with IoT solution provider Saferoad to offer data-driven tech assistance to streamline its fleet services in Saudi Arabia. The partnership is in line with the company’s strategy to lead the integration of digitisation into the country’s land mobility sector. The long-term partnership between Lumi and Saferoad, which has seen the latter already supporting the car rental firm in the past year with its innovative digital IoT services, will further enhance Lumi’s B2C offering. The newly signed agreement will enable Lumi to drive digital innovation further in KSA’s land mobility…
Etihad Cargo, the cargo and logistics arm of Etihad Airways, Abu Dhabi Airports, a vital enabler of the emirate’s aviation sector, and Abu Dhabi Food Hub – KEZAD, the region’s most prominent and first dedicated food wholesale market and logistic hub, have signed a tri-party memorandum of understanding (MoU) to jointly establish a fully compliant and transparent origin-to-destination perishable air corridor known as the ‘Fresh Corridor 2.0’. The initiative will support the diversification of food sources, the development of new trade corridors, and the enhancement of the choice and variety of products available for regional consumers. Antonoaldo Neves, Chief Executive…
Deyaar Development PJSC (‘Deyaar’), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), has today announced its preliminary unaudited financial results for the year ending 31 December 2023. Deyaar announced a 206% increase in net profit compared to the previous year, with the company’s net profit rising to AED 440.7 million in 2023 from AED 144.2 million in 2022, while the total revenue saw a 56% increase, reaching AED 1,254.3 million in 2023 compared to AED 803.4 million in 2022. The increase in revenue is attributable to an increase in Property Development…
ANAX Developments, a subsidiary of ANAX Holding, is proud to announce its first foray into Dubai’s luxury real estate sector – with the launch of VENTO Tower, a development designed to herald a new era in luxury living with a project total investment value of AED 470 million. The company’s first real estate venture, VENTO Tower, slated for completion in Q4 2025, comprises 225 luxury residences – fully furnished and equipped – studios and one-bedroom apartments. Sprawling over 19 residential floors, residents are welcomed via a five-star hotel-style lobby with 24-hour security and a fully-fledged concierge service. VENTO Tower is…