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REAL ESTATE-
#1- Real estate developer Azizi Developments has broken ground on a USD 1.5 bn tower in Dubai, poised to become the city’s second tallest structure, according to a press release. The project, which is located on Sheikh Zayed Road, encompasses a vertical mall, luxury residences, penthouses, a 7-star hotel and restaurants. The tower is expected to be completed in four years
#2- Dubai-based capital-raising firm Greenstone Equity Partners has become the sole GCC distributor for North American real estate investment firmTrez Capital after inking an agreement with the company, according to a press release. The agreement will grant the firm’s investor partners in the GCC access to Trez Capital’s short-duration, income-oriented private real estate funds in the US.
INFRASTRUCTURE-
Industrial facilities in Fujairah will be connected to the emirate’s natural gas network as part of an agreement between the Fujairah Oil Industry Zone and the Emirates General Petroleum Corporation (Emarat), according to Wam. The agreement will cover the extension of Fujairah’s natural gas network in a bid to encourage the use of natural gas in industry, commerce, and energy, as the country works to move towards a net zero carbon economy.
CRYPTO-
Dubai’s crypto watchdog greenlights license for BTB Prime: Crypto liquidity provider B2B Prime ’s subsidiary B2B Prime Digital MENA obtained initial approval ahead of being granted the official virtual asset services provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority, according to a press release. VARA’s initial approval enables B2B Prime to complete the VASP licensing procedures that will allow it to offer its virtual asset services in Dubai.
E-COMMERCE-
Cari to offer Khalifa Fund F&B companies delivery service benefits: Food delivery app Cari will offer Abu Dhabi-based Khalifa Fund for Enterprise Development -affiliated food and beverage companies with exclusive benefits to help them optimize delivery operations, according to a press release. Under the partnership, Cari will dedicate specific account managers for the businesses, as well as waive registration and renewal fees, and reduce customer acquisition costs charged to clients to AED 36 from AED 48 for restaurants and to 12 AED from 48 AED for cafes.
WASTE MANAGEMENT-
Recycling initiative coming to Jebel Ali: Emirates Global Aluminium (EGA) and Lebanon-based waste management startup Nadeera have partnered up to bring Nadeera’s community recycling initiative to areas near EGA’s plant in Jebel Ali, according to a press release. Nadeera’s Yalla Return app — which incentivizes communities to recycle with tech-enabled bins and a rewards program — will be rolled out to some 4k houses near the plant.
TELECOMS-
Dubai-based telecom operator Du launched a new network assurance platform for its enterprise customers, dubbed Care Connect, according to a press release. Designed to collect and categorize network data, the platform will help companies with their IT operations to eliminate the need for third-party data collection applications.
