Monthly Archives: January 2024

Real Estate

Largest, one-of-a-kind penthouse in Dubai goes on sale for AED 600 million

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Largest, one-of-a-kind penthouse in Dubai goes on sale for AED 600 million

EPG’s iconicsuper-penthouse spans across 77,707 sq. ftbuilt-up area and comprises top-three levels and rooftop of the prestigious Raffles The Palm Dubai Residences

UAE, January 03, 2024

Emerald Palace Group (EPG), which owns the luxurious Raffles The Palm Dubai, has announced that the Super Penthouse R1, the largest penthouse in Dubai, is up for sale at AED 600 million.

Comprising the top three levels and rooftop of the prestigious Raffles The Palm Dubai Residences, this ultra-luxury super-penthousein Palm Jumeirah is designed in collaboration with Yodezeen, the world-renowned design company.It spans over a total built up area of 77,707 sq. ft, setting a new benchmark for the largest private residence in Dubai’s real estate history.This plushpenthouse is set to redefine the pinnacle of contemporaryliving at one of the most covetedlocations in Dubai,with eight meticulously designed bedrooms, an extravagant 20-people dining table, and a tastefully built bar, alongsidenumerous other upscale amenities. The handover term for this exceptional penthouse is stated to be 15 months from the date of booking.

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Business & Investments

IHC announce the formation of 2PointZero – A Next Generation Holding Company

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IHC announce the formation of 2PointZero – A Next Generation Holding Company

Tahnoon bin Zayed Al Nahyan: “Embracing the future with open arms, with commitment to developing solutions that redefine industries. Our vision transcends boundaries, and our mission is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience.”

  • IHC Board greenlights to initiatethe transfer of 2PointZero to IHC, uniting several dynamic companies under a Pioneering Holding Company.
  • 2PointZero is powered by an ‘Impressive Portfolio’ of industry leaders,creating a Holding Company with assets expected to reach beyond AED 100 billion.
  • 2PointZero embodies innovation across multiple sectors, including Financial Services, Investment Banking, Technology&AI, Mining &Resource Management, and Digital &Crypto Ecosystems.

Abu Dhabi, 2ndJanuary 2024: Today, the globally diversified Abu Dhabi-based conglomerate, International Holding Company (ADX: IHC), announced a landmark move. The IHC Board approved the initiation of the transferof 2PointZero, a next generation Holding Company comprisingseveral diverse and dynamic companies, to IHC. Spanning multiple sectors, business combinations of entities under common control,have been combined to form 2PointZero, boasting an impressive asset size expected to exceed AED 100 billion(transfer will be completed after obtaining all regulatory approvals).

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Events

DUBAI CALENDAR KICKS OFF 2024

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DUBAI CALENDAR KICKS OFF 2024 WITH AN ECLECTIC LINE UP OF ACTIVITIES ACROSS THE ENTIRE CITY

Dubai, United Arab Emirates: 02January 2024: Dubai Calendar, the official listing platform for events in the city, is providing Dubai residents and tourists with a plethora of things to do to kickstart 2024, across live music, entertainment, community and sports.

Key events in January include the ever-popular Quoz Arts Festival, the annual Dubai Desert Classic, Michael McIntyre’s comedy performance and a much-anticipated return to the Emirates from superstar, Ed Sheeran.

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Business & Investments

TAQA, Vision Invest and GIC Consortium Wins Juranah Independent Strategic Water Reservoir Project in Makkah

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TAQA, Vision Invest and GIC Consortium Wins Juranah Independent Strategic Water Reservoir Project in Makkah

The project is the first of its kind in the Kingdom of Saudi Arabia, reflecting active private sector involvement in essential water infrastructure development

Abu Dhabi, UAE – 2 January 2024:Abu Dhabi National Energy Company PSJC (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, is delighted to announce its participation in the winning consortium for the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in the Makkah region, Saudi Arabia.The consortium, which also includesVision International Investment Company (Vision Invest) andGulf Investment Corporation (GIC), has signed the relevant project agreements with the procurer Saudi Water Partnership Company (SWPC).

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Business & Investments

AD Ports Group Announces Noatum’s Acquisition of APM Terminals Castellón in Spain

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AD Ports Group Announces Noatum’s Acquisition of APM Terminals Castellón in Spain

EUR 10 Million Acquisition Strengthens Noatum Terminals’ Position as a Leading Multipurpose Port Operator in the Western Mediterranean Region

Madrid, Spain/Abu Dhabi, UAE – 02 January 2024: AD Ports Group (ADX: ADPORTS), one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spainfor a total purchase consideration (Enterprise Value – EV) of EUR 10 million.

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