ADNOC DISTRIBUTION TO ACQUIRE A 50% STAKE IN TOTAL ENERGIES’ FUEL RETAIL, AVIATION AND LUBRICANTS BUSINESS IN EGYPT

July 30, 2022 uaenews247 Leave a comment

ADNOC DISTRIBUTION TO ACQUIRE A 50% STAKE IN TOTAL ENERGIES’ FUEL RETAIL, AVIATION AND LUBRICANTS BUSINESS IN EGYPT

Delivering on its commitment to pursue attractive international growth, ADNOC Distribution signs an agreement to acquire a stake in a significant portfolio, which includes 240 fuel retail stations, wholesale fuel, aviation fuel and lubricants operations

c. $203 million investment is the largest in ADNOC Distribution’s history

The acquisition will accelerate ADNOC Distribution’s international growth following regional expansion in the Kingdom of Saudi Arabia in 2018

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Sports & Recreations

EPIC SHOWDOWN WITH BROCK LESNAR AND ROMAN REIGNS SET FOR SUMMERSLAM 2022 THIS WEEKEND

July 30, 2022 uaenews247 Leave a comment

EPIC SHOWDOWN WITH BROCK LESNAR AND ROMAN REIGNS SET FOR SUMMERSLAM 2022 THIS WEEKEND

UNITED ARAB EMIRATES, July 29, 2022: As the match card for SummerSlam 2022 fully takes shape, the WWE Universe will see an action-packed night on Saturday, July 30, with five championships on the line.

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Business & Investments

Saudi Maritime Congress announces dates for 2022 edition

July 30, 2022 uaenews247 Leave a comment

Saudi Maritime Congress announces dates for 2022 edition

The event, aligned with the goals set out in Saudi Vision 2030, will revolutionise the shipping and logistics sectors in the Kingdom and the GCC

Damman, Saudi Arabia – 30 July 2022: The 3^rd edition of Saudi Maritime Congress, one of the Kingdom’s most influential gatherings of professionals from the maritime and logistics industry is set to make a comeback. The event is scheduled to take place in Dammam on September 28-29 2022.

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Real Estate

DLD Mo’asher: Q2 Marked the Highest Quarterly volume of Sales Transactions for the last decade

July 30, 2022 uaenews247 Leave a comment

DLD Mo’asher: Q2 Marked the Highest Quarterly volume of Sales Transactions for the last decade

Highlights for Q2 2022

Q2 2022 recorded a total of 22,504 sales transactions worth AED 59.15 billion.
Q2 2022 compared to the same quarter in 2021, the market witnessed an increase in value by 61.56 percent with an increase in sales volume by 45.86 percent.
Q2 2022 had a total of 123,856 rental contracts of which 59.48 percent of contracts were new and 40.52 percent were renewals
In Q2, 81.41 percent were annual contracts while 18.59 percent were non-annual contracts.

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Real Estate

Summary of weekly real estate transactions for the week ending 29 July 2022

July 30, 2022 uaenews247 Leave a comment

Dubai: The real estate and properties transactions valued at AED 6.8 billion in total during the week ending 29 July 2022. The sum of transactions was 2,285. 254 plots were sold for AED 1.35 billion, 1,516 apartments and villas were sold for AED 3.35 billion.

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