WOW Resorts Unveil Opulent Oasis with their JW Marriott Residences AlMarjan Island 

WOW Resorts Unveil Opulent Oasis with their JW Marriott Residences Al Marjan Island  co-located with their JW Marriott Al Marjan Island Resort

JW Marriott Al Marjan Island Resort & JW Marriott Residences Al Marjan Island to open doors with 300 Guest Rooms and 524 Distinguished Residences

Ras Al Khaimah, UAE; November 15, 2023 – In the realm of sublime living and discerning hospitality, Resorts, renowned for their unwavering commitment to the development of residences and resorts, has entered a prestigious agreement with the esteemed JW Marriott. Together, they proudly announce the unveiling of a jewel in the crown of Al Marjan Island, Ras Al Khaimah (RAK), UAE – the JW Marriott Al Marjan Island Resort & JW Marriott Residences Al Marjan Island.

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AD Ports Group Delivers Record Q3 2023 Results with Net Profit of AED 403 Million, up 20% YoY

AD Ports Group Delivers Record Q3 2023 Results with Net Profit of AED 403 Million, up 20% YoY

  • Q3 2023 Revenue grew by 189% YoY to AED 4.24 billion, driven by Noatum consolidation as well as the Maritime & Shipping and EC&FZ clusters (+113% YoY on a LFL basis)
  • Q3 2023 EBITDA increased 28% YoY to AED 759 million (+2% on a LFL basis), implying an EBITDA margin of 17.9%
  • Q3 2023 Total Net Profit increased 20% YoY to AED 403 million
  • Continued strong volume growth: +19% YoY for Container volumes, +25% YoY for General Cargo volumes, +651% YoY for Ro-Ro volumes, +30% YoY for Feedering Container volumes, +5% YoY and -28% YoY for Ocean and Air Freight volumes, and +10% YoY for Polymers volumes
  • In EC&FZ, 0.4 sq km (net) of new land leases were added during the quarter while warehouse leases soared 66% YoY
  • Freight rates normalised close to pre-COVID19 levels in H1 2023 and have been consolidating since then, although better-than-expected global macro data and renewed geopolitical tensions have resulted in pockets of strengths lately
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Aark Developers Announces AED 4 Billion Project Pipeline

Aark Developers Announces AED 4 Billion Project Pipeline

Reinforces Commitment to Pioneering Next-Level Luxury Across the UAE’s Most Exciting Destinations

Dubai, UAE (November 14, 2023) – Aark Developers, a Dubai-based real estate developer, has announced ambitious plans to launch prestigious residential and hospitality projects worth over AED 4 billion across prime locations in the UAE over the next four months.

The company’s robust project pipeline includes upscale apartment complexes in the thriving districts of Arjan and Dubailand, as well as a landmark development on Al-Marjan Island.

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Knowledge Summit: Achievements that promote knowledge dissemination

Knowledge Summit: Achievements that promote knowledge dissemination

14 November 2023- Knowledge holds a key position in the process of human development. Throughout this process, it has helped improve quality of life, advance societies, and attain sustainable development by making individuals and societies capable of making right and thoughtful decisions. In addition, it has elevated the skills of individuals and communities through education, training, and continuous development, fostering innovation and creativity, encouraging new inventions, and developing scientific, technical, and innovative capabilities in societies. In general terms, knowledge means information and ideas acquired by an individual or society through learning, experience, and rational thought. It is the perception, cognizance, and comprehension of facts. Knowledge is also one of the most vital elements affecting the development of societies and civilizations, as it improves performance, productivity, and the advancement of science and technology.

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General Authority of Sports announces details of the first Emirates Community Sport Forum

General Authority of Sports announces details of the first Emirates Community Sport Forum

UAE, 14 November 2023- The General Authority of Sports (GAS) revealed details of the first edition of the ‘Emirates Community Sports Forum’, which is scheduled to be held from November 22 to 24, 2023, under the patronage and participation of His Excellency Dr. Ahmad Belhoul Al Falasi, Minister of Education and Chairman of GAS. The Forum, organised by the Authority in cooperation with the UAE Sports for All Federation, will focus on the theme ‘Sports and Quality of Life’.

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