The property developers in the United Arab Emirates (UAE) has demanded the government to lower the price tag for 10-year residence visas. According to the representatives, this will eventually help the sector absorb the oversupply within the market. Additionally, this will help make the economy more competitive, attract talent from around the globe, and the…
The Venture Capital (VC) firm Wamda on Monday confirmed its $6 million investment in UAE-based automative platform called Seez. This Series A funding of $6 million will enable Seez to grow and access the $10 billion used-automative industry in the UAE and other parts of Middle East and North Africa (MEA) markets. The round of…
A UAE-based company, Agthia Group, has become the first one from the region to start the production of bottles made entirely from fermented plant sugars. It is worth mentioning that Agthia is the same company which markets the Al Ain brand of drinking water and it is planning to distribute its first-ever shipment in the…
The operating license for the first rector at the Arab’s world’s first-ever nuclear power plant has been issued by the United Arab of Emirates (UAE). The production is expected to start later this year, according to confirmed reports. The name has been decided as Barakah nuclear plant and it will be built in Abu Dhabi.…
The United Arab Emirate’s first-ever floating solar power plant will be operational within a couple of days and it will start producing electricity off the tiny resort islands of Nurai. The pilot facility has the capacity of 80 kilowatts and can pave way for additional such projects in the region. There is no denying that…
The United Arab Emirates (UAE) has once again maintained its third position in the index which tracks the logistics sector performance in the emerging markets. According to the latest updates, China and India remain the only two markets which are ahead of UAE in the ‘Agility Emerging Markets Index’. This is the 6th successive year…