Monthly Archives: August 2024

Business & Investments

Union Coop’s Al Khawaneej Mall Announces 70% of Retail Space Leased

High Demand for Union Coop’s Upcoming Mall in Al Khawaneej-2 

Dubai, UAE:

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, has announced the initiation of construction for the Al Khawaneej Mall project located in Al Khawaneej 2, Dubai. The mall is expected to be completed and open in the second quarter of 2025. Dr. Al Bastaki confirmed that 70% of the mall’s retail space has already been leased following the start of construction.

The new mall in Al Khawaneej 2 aligns with the ongoing development in Dubai’s retail sector. The mall will have a total construction area of approximately 70,698.69 sq. ft., featuring a spacious parking area for up to 92 vehicles. It will house a Union Coop hypermarket, covering about 28,253.09 sq. ft., along with 6 kiosks and 19 retail stores. This variety of retail options aims to meet the needs of all residents in the area.

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Business & Investments

Andromeda extends loan distribution network into the Middle East to cater to NRI financial needs

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  • Andromeda, India’s largest loan distributor, makes strategic move to serve the Middle East’s NRI population after steep growth in FY24
  • Dubai-based Wealth Link Solutions to bring its financial expertise in the region as strategic partner
  • Andromeda’s loan portfolio, which eclipsed $9000 million in FY24, expected to help 9.55 million NRIs with real estate investments in India

August 7, Dubai, UAE: Andromeda Sales & Distribution, India’s premier loan distribution network, is pleased to announce its strategic expansion into the Middle East, a move fuelled by its exceptional domestic performance. The company recorded over 23% growth in loan disbursals, reaching $9,048 million (Rs. 75,397 crore) during the Financial Year 2023-24. This notable growth was primarily driven by the home loan segment, which increased by over 22% to approximately $4,070 million (Rs. 33,918 crore) in FY24 from $3,336 million (Rs. 27,798 crore) in FY23.

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Featured

Bahi Ajman Palace Hotel Takes Significant Step Towards Sustainability

Ajman, UAE (August 8, 2024): Bahi Ajman Palace Hotel, managed by Hospitality Management Holding (HMH), has taken a significant step towards environmental responsibility and sustainability by collaborating with Dr. Linen ™ in their innovative 360 Weave ™ Textile Recycling Initiative.

A total of 745 kilograms of linens and uniforms, which had reached the end of their useful life cycle, were handed over to Dr. Linen™, a company renowned for its expertise in handling and recycling textiles.  The discarded linens and uniforms will be processed and repurposed, demonstrating a practical approach to managing end-of-life materials and extending their lifecycle. 

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Food & Dining

Celebrate This Raksha Bandhan With Paprika’s Handmade Mithai Rahki Boxes & Hampers 

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Made fresh on order using the freshest ingredients 

Prices start at AED 30 

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Dubai, United Arab Emirates:  This Raksha Bandhan treat yourself to the sweetest handmade mithai and desserts made from scratch with the freshest of the ingredients, making this Raksha Bandhan memorable with Paprika, an artisanal catering and cloud kitchen brand in Dubai.  

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Food & Dining

Reason to love rising temperatures this August 

Kailash Parbat Oud Metha To Offer Discounts As Per The Temperature Outside Throughout August

Offer valid from Monday – Friday 9am till 5pm until 31st August

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Dubai, United Arab Emirates: This summer, diners can cool off at Kailash Parbat Oud Metha with delicious Sindhi and North Indian treats, paired with sizzling savings! 

Introducing the exclusive Temperature Deal – guests simply need to inform the friendly staff of the outside temperature to receive a discount on every dish from the à la carte menu. The hotter it gets, the more they save! It’s the only time you’ll want temperatures to hit upwards of 50 degrees.

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