Monthly Archives: July 2024

Real Estate

Azizi Developmentsand IFG join forces for Burj Azizi skyscraper

Dubai, United Arab Emirates, 18 July 2024: Azizi Developments , a leading private developer in the UAE, has signed an agreement with International Foundation Group LLC, which specializes in deep foundation and ground solutions, for the piling, shoring, excavation, and dewatering works for Azizi’s second tallest tower in the world, Burj Azizi, located on a prime plot of land on Dubai’s Sheikh Zayed Road.

International Foundation Group (IFG LLC) is a major Emirati expert in deep foundation and ground solutions, renowned for quality and timely project completion. IFG is the fastest-growing Middle Eastern micro-tunneling company, distinguished by its reliance on internal expertise and cutting-edge equipment from top European and Japanese manufacturers. The company offers a comprehensive suite of services including Non-Disruptive Road Crossings, Piled Foundations, Retaining Walls, and Soil Improvement, catering to diverse construction needs with precision and innovation.

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Shopping & Promotions

Experience the Magic of Mercato:

Circus Shows, Comedy Acts, and Shopping Extravaganza This Summer!

The streets of Mercato are buzzing with excitement as daily circus shows transform the area into this summer’s hottest destination, running until end of July.

The highlight of the season is the Harlequin European Circus, renowned for its spectacular performances. These energetic and suspenseful show features performers whose incredible movements captivate and engage the audience, creating an unforgettable experience. Adding to the excitement, comedy sensation Jon Udry brings his unique tricks to the stage, guaranteeing laughter for everyone. His show is a must-see for those looking to add a touch of humor to their visit. Children are in for a treat with roaming performances on Mercato’s charming cobbled streets. These interactive acts, along with creative kids’ workshops, offer endless entertainment and activities, ensuring young visitors are thoroughly engaged.

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Real Estate

EMIRATES REIT SELLS TRIDENT GRAND MALL

EMIRATES REIT SELLS TRIDENT GRAND MALL

Dubai, United Arab Emirates. 18 July 2024 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today announced that it has sold Trident Grand Mall, a two-floor retail component of Trident Grand Residence in Dubai Marina’s popular Jumeirah Beach Residence.

Emirates REIT has held the asset, which features 22 retail units over two floors and 164 basement parking spaces, since 2014, and has supported a significant repositioning over that time, including renovations and enhancements to the tenant mix.

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Education

Pearson’s PTE Academic Recommended by Canadian Nurse Regulators Collaborative

Dubai, United Arab Emirates, 19 July 2024: Pearson (FTSE: PSON.L), the world’s lifelong learning company, has achieved a new recognition for PTE Academic. The Canadian Nurse Regulators Collaborative (CNRC) recommended that PTE Academic is included in the accepted tests for internationally trained nurses applying for registration in Canada.

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Education

Gulf Islamic Investments finalises investment in GEMS Education

  • For Gulf Islamic Investments (GII), a leading Shari’ah-compliantglobal alternative investment group based in the UAE ,this deal extends and expands its record of investments in the UAE’s businesses and the wider regional economy
  • Investment from the Brookfield-led consortium, which includes GII, will support GEMS inmaintaining and expanding its leadership position as the largest private K-12 education provider in the Middle East

18 July 2024, Dubai –Gulf Islamic Investments group (GII) has concluded its funding arrangements in a consortium led by Brookfield Asset Management Ltd., through its Special Investments (“BSI”) and Middle East private equity programmes,to invest in the Dubai-headquartered private schools operator and service provider GEMS Education.

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