Monthly Archives: February 2024

Business & Investments

ADQ-led consortium to invest USD 35 billion in Egypt

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ADQ-led consortium to invest USD 35 billion in Egypt

  • ADQ to acquire Ras El-Hekma development rights for USD 24 billion
  • Egyptian government to retain a 35 percent stake in Ras El-Hekma development
  • ADQ to invest USD 11 billion in real estate and other prime projects in Egypt in addition to the development rights for Ras El-Hekma
  • Ras El-Hekma development is expected to attract over USD 150 billion in investments
  • Work is expected to commence in early 2025

Abu Dhabi, UAE – 23 February 2024:   ADQ, an Abu Dhabi-based investment and holding company, has unveiled plans to invest USD 35 billion in Egypt. ADQ will acquire the development rights for Ras El-Hekma for USD 24 billion to develop the region into one of the largest new city developments by a private consortium. As part of this investment, ADQ will also convert USD 11 billion of deposits that will be utilized for investment in prime projects across Egypt to support its economic growth and development.

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Business & Investments

Ma Hawa highlights sustainable hydration solutions at Gulfood 2024

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Ma Hawa highlights sustainable hydration solutions at Gulfood 2024

Abu Dhabi, United Arab Emirates; 23 February 2024

Ma Hawa, an Emirati brand owned by Baynunah Watergeneration Technologies SP LLC, is participated in Gulfood 2024, showcasing its pioneering water-from-air technology at the world’s largest food and beverage trade exhibition. Ma Hawa showcased its groundbreaking solutions, offering visitors a window into the future of hydration.

Ma Hawa’s revolutionary technology extracts pure drinking water directly from the air, providing an endless, eco-friendly, and resilient source of hydration. Visitors to the event witnessed live demonstrations as humidity transforms into refreshing water of the highest quality while understanding food and water security and innovation in this sector.

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Sports & Recreations

Experience Thrills Inside the Ring and Beyond: “Rising Stars Arabia 3” in Abu Dhabi

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Experience Thrills Inside the Ring and Beyond: “Rising Stars Arabia 3” in Abu Dhabi

  • Special Appearance of Emirati boxer Fahad Al Bloushi.

Abu Dhabi – 25 February 2024: Abu Dhabi is set to host the much-anticipated third instalment of “Rising Stars Arabia”, a renowned boxing series that showcases emerging Arab boxing talent to a global audience.

Scheduled for Saturday 2 March, this event will take place against the picturesque backdrop of Yas Links Golf Course in Abu Dhabi. Rising Stars Arabia 3 further promotes the emirate’s position as a premier global sports hub for major global events – adding to the ever-growing sport fixtures such as the UFC, NBA and Formula 1 who all showcase events in Abu Dhabi.

Rising Stars Arabia 3’s roster of electrifying boxing match-ups will be headlined by Moroccan super featherweight Jaouad “The Moroccan Bomber” Belmehdi and undefeated Alfred Lamptey of Ghana. There will also be an appearance from Emirati boxer Fahad “Kid Emirati” Al Bloushi who holds the record for the highest number of professional bouts as an Emirati.

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Business & Investments

Startups to be recognized and awarded for innovation and Sustainability

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Startups to be recognized and awarded for innovation and Sustainability.

  • VerdExim Sustainability Awards on Feb 26 in Dubai to celebrate startups that drive a positive change
  • The Award aims to inspire, support, and amplify the efforts of startups shaping a sustainable future
  • “Empower future leaders in green innovation,” Salah Al Nasser, Chairman, CEO, Exim Finance

Dubai, February 22:

Startups from around the world that drive innovation in sustainability and bring positive change in the world will be recognized and celebrated through the VerdExim Sustainability Awards in Dubai on Feb 26.

The VerdExim Sustainability Awards, instituted by Exim Finance, a Dubai-based finance facilitation company, will be presented at a glittering ceremony in Intercontinental Hotel, Dubai, on February 26, in the presence of numerous distinguished VIPs and Ambassadors representing a multitude of nations.

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Events

Supreme Committee to Oversee Development of Hatta announces the first ever Hatta Farming Festival

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Supreme Committee to Oversee Development of Hatta announces the first ever Hatta Farming Festival

Hatta Farming Festival aims to inspire and empower local farms and educate the community about environmental practices

Visitors can take part in educational sessions, workshops, and talks and enjoy locally sourced cuisine

Festival celebrates the farming heritage of Hatta, one of the oldest agricultural regions in the UAE

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