Tech firm targets 20x returns on early-stage investments in region’s fintech and SaaS startups
Industries
Abu Dhabi Securities Exchange
Borouge plans a buyback for up to 2.5% of its outstanding shares
The Abu Dhabi petrochemical company also seeks shareholders’ approval for final 2024 dividends of AED0.794 fils per share
Dubai Municipality
Dubai announces new planning rules to allow home extensions and add living space
Dubai Municipality introduces new planning rules to allow home extensions and updated building code
Dubai hotel
Dubai to add over 11,300 new hotel rooms by 2027
Dubai’s booming tourism sector will have more than 162,600 hotel rooms by the end of 2027
Sharjah real estate
Sharjah’s $6.8bn Waterfront project will add 8 islands, 36km of coastline, giant marina, mall and theme park to city
Sharjah Waterfront real estate project will transform the city and introduce new homes, jobs, marina, mall and theme park
Aldar
Aldar sponsors 1,000 UAE nationals to gain real estate accreditation
Aldar upskills and trains UAE nationals to gain real estate accreditation
Aviation
Etihad announces new Abu Dhabi to Moscow flights
Etihad introducing new Abu Dhabi to Moscow flights in boost for UAE-Russia connectivity
Abu Dhabi Department of Education
Abu Dhabi announces 15 new nurseries, prices and locations revealed
Abu Dhabi creates 1,250 new nursery places after approving 15 licences
Dubai real estate
Dubai real estate: Sol Properties launches $272m project with 612 homes in Jumeirah Village Triangle
SOL Properties launches SOL Levante Dubai real estate development in Jumeirah Village Triangle
Ras Al Khaimah
RAK real estate: Source of Fate sells out AED500m Al Marjan project
Source of Fate Properties appointed global real estate firm Savills as the master agent responsible for sales of Sunshine Bay
Dubai
Dubai real estate: Three Downtown Dubai plots sold for AED715M
One of the plots, a 51,439-square-foot parcel, was sold for AED400 million just 18 months after being purchased for AED175 million, marking a 129 percent appreciation
Dubai Land Department
Dubai real estate sector recorded $4.1bn of transactions last week, including $16m Business Bay apartment
The Dubai real estate sector saw $4.1bn of transactions and 3,726 sales last week
Ras Al Khaimah
Ras Al Khaimah real estate: AARK Developers names Whitewill as master broker for $1.1bn Sora Beach Residences
AARK Developers names Whitewill as master broker for Sora Beach Residences in Ras Al Khaimah
Architecture
Saudi Arabia defines 19 architectural styles in Kingdom as it looks to create 34,000 jobs, set $2.1bn target
Saudi architecture map defines 19 different styles for buildings in the Kingdom
Auction
Dubai number plate sells for AED35m in RTA charity auction
The auction raised a total of AED83.6m with the sale of five premium car plates and 20 exclusive mobile numbers
Aviation
Emirates to deploy retrofitted Boeing 777s on additional Riyadh routes
The updated aircraft will begin service on the airline’s second daily flight from March 30 and third daily flight from May 7, 2025
International Space Station
NASA confirms Sunita Williams, Crew-9 return after nine-month space mission
Williams, along with NASA astronauts Butch Wilmore and Nick Hague, and Roscosmos cosmonaut Aleksandr Gorbunov, will return to Earth aboard a SpaceX Dragon spacecraft with splashdown targeted for approximately 2:57 AM GST