Author: chadgazette.com
DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals refinery and storage facility across the GCC and the first to be completely enabled by blockchain in the GCC. As part of the agreement, REIT Development acquired industrial land strategically located in DMCC’s Jumeirah Lakes Towers (JLT) vibrant business district.DMCC has premium plots for sale across JLT, which are attracting significant interest from a diverse range of investors and developers, all in search of…
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilised crude oil pipeline network. Upon closing, Aramco will receive upfront proceeds of around US$12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally. The transaction represents a continuation of Aramco’s strategy to unlock the potential of its asset base and maximize value for its shareholders. It also reinforces Aramco’s role as a catalyst for attracting significant foreign investment into the…
Fitbit announced Fitbit Luxe, a fashion-forward fitness and wellness tracker designed to help you take a more holistic approach to your health and wellness. Luxe offers the motivation and support you need to stay healthy in today’s world with everything from stress management tools to automatic activity and sleep tracking – all in an effortlessly chic bracelet design. Luxe also gives you insights into your wellbeing through the Health Metrics dashboard in the Fitbit app to help you identify changes which could be caused by increased stress or fatigue.With Luxe, you’ll get six-months of Fitbit Premium for added support and…
Swiss watchmaker Montres Etoile announced the launch of its first complication, an automatic, tri-retrograde, Islamic Lunar and Gregorian Dual – calendar timepiece with moon face. This complicated wristwatch based on an automatic Swiss made movement is completed by a complication module made by Agenhor in Geneva and is housed in a steel watchcase. The watch is available through select retail partners across the UAE, Saudi Arabia, Oman & Kuwait in time for the Eid gifting season as well as at boutiques and POS in Switzerland, Korea, China and Ukraine. Watch enthusiasts and collectors from other markets can contact the brand…
Tourism and Consumer Protection Minister Clayton Bartolo announced recently, that the Maltese islands are reopening for tourism in summer 2021. Both vaccinated and unvaccinated tourists will be welcomed to the island of Malta from June 1st 2021. Located about 50 miles south of Sicily in the Mediterranean, Malta is a small archipelago that boasts a Mediterranean climate with over 300 sunny days per year, a top-ranked healthcare system and some of the world’s best diving locations. With a primarily English-speaking population it is the perfect location for tourism; shown by its growing popularity year on year.As of June, eighteen airlines,…
Plus (formerly Plus.ai), a leading provider of self-driving truck technology, announced it has added $220 million in new financing co-led by FountainVest Partners and ClearVue Partners, with participation from Quanta Computer Inc., Phi Zoyi Capital, and Millennium Technology Value Partners. The company’s existing investors including Sequoia Capital China, SAIC Capital, and Full Truck Alliance (FTA) also participated. This investment is an extension of the $200 million round announced last month, which was led by CPE and Guotai Junan International.The additional funds will enable Plus to further expand its global operations and commercial deployment plans across the U.S., China, Europe and…
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight. The VLCC fleet expansion plays a significant role in supporting ICE Murban Futures, which is expected to boost trading of the UAE’s flagship Murban crude oil, enabling it to reach new customers and markets around the globe. The launch of Murban Futures contracts will also allow ADNOC L&S to further improve its vessel capacity utilization in…
La Lu gourmet chocolates, delightfully delicious creations fashioned from the finest ingredients in Italy intended to satiate the most discerning of tastes, luxuriously smooth in finish and ultra-refined in texture, crafted into a fascinating array of products is now available in the Middle East in time for the holy month of Ramadan. The chocolates can be ordered online from the company’s website. A passion for all things chocolate is what drives the inspiration behind each of La Lu gourmet Foods’ products. Designed by the finest Italian master chocolatiers, to offer chocolate lovers and those with a yen for the finest confectioneries,…
Cleveland Clinic Abu Dhabi has carried out UAE’s first deep brain stimulation operations saving the lives of four Emirati nationals from Parkinson’s disease. The surgeries, which each lasted between four and eight hours, took place over just four days following comprehensive evaluations to ensure the patients were good candidates for the surgery. The complex surgery can significantly reduce the symptoms patients experience, reducing their need for medication and improving their quality of life. The electrodes are controlled by a small device implanted under the patient’s skin.During the surgery, neurosurgeons implant electrodes into precise areas of the brain to block rogue…
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, witnessed the signing of an agreement between the Road and Transport Authority (RTA) and Cruise, a leading US-based autonomous vehicle company, as part of which Cruise will operate self-driving taxis and ride-hailing services in the emirate. The agreement will make Dubai the first non-US city in the world where Cruise will commercially operate these vehicles.The deployment of these self-driving vehicles is expected to significantly improve road safety levels as over 90 percent of accidents are due to human errors. The all-electric…