Category: Buying & Selling

DUBAI:Meraas, a member of Dubai Holding Real Estate, has awarded an AED850 million contract for construction work of the Bvlgari Lighthouse on Jumeira Bay Island to Dutco Construction Co LLC.

With marine works now completed on this section of Jumeira Bay Island, construction will soon commence on the 27-storey luxury residential tower. Designed by world-renowned architecture firm Antonio Citterio Patricia Viel, Bvlgari Lighthouse is set to become one of the city’s most prestigious addresses and an exquisite highlight of the island.

Inspired by the timeless elegance and luxury of the Italian jeweller, Bvlgari Lighthouse comprises four and five-bedroom luxury penthouses. Additionally, it will feature a one-of-a-kind eight-bedroom Sky Villa crowning its top three levels, surrounded by expansive private rooftop gardens, outdoor living spaces, a private pool and stylish lounge areas on either side of the building.

Scheduled for completion by Q2 2027, the Bvlgari Lighthouse is Bvlgari’s third project in collabor
ation with Meraas.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said, ‘Meraas remains steadfast in its commitment to creating and delivering some of Dubai’s most distinctive and luxurious residential offerings, and the Bvlgari Lighthouse will soon become a part of this exceptional portfolio.”

Source: Emirates News Agency

DUBAI:Preparations are in full swing for an action-packed Expand North Star, the world’s largest event for global startups and investors, which will take place at Dubai Harbour from 13th to16th October.

Organised by the Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, the highly anticipated event will bring together the world’s most sought-after founders, investors, entrepreneurs, and corporate innovators to explore exciting growth opportunities emerging in Dubai and catalyse the future of the digital economy.

The number of vetted invite-only investors expected to participate in this year’s edition is set to grow to around 1,200. Senior partners from these funds will connect with an anticipated 1,800 showcasing startups hailing from over 100 countries worldwide, which represents the highest number of late-stage startups at any event globally. This, record number reflects the event’s significant growth and importance in the global digital economy landscape.

Source: Emirates News Age
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DUBAI:Preparations are in full swing for an action-packed Expand North Star, the world’s largest event for global startups and investors, which will take place at Dubai Harbour from 13th to16th October.

Organised by the Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, the highly anticipated event will bring together the world’s most sought-after founders, investors, entrepreneurs, and corporate innovators to explore exciting growth opportunities emerging in Dubai and catalyse the future of the digital economy.

The number of vetted invite-only investors expected to participate in this year’s edition is set to grow to around 1,200. Senior partners from these funds will connect with an anticipated 1,800 showcasing startups hailing from over 100 countries worldwide, which represents the highest number of late-stage startups at any event globally. This, record number reflects the event’s significant growth and importance in the global digital economy landscape.

Source: Emirates News Age
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ABU DHABI:The UAE has launched its ambitious “Invest in the Emirates” campaign, extending a global invitation to the world’s top innovators, talents, and entrepreneurs to explore the unparalleled opportunities within the country’s dynamic business landscape.

The campaign takes place in major cities like Cannes, Munich, Paris, London, Zurich, Geneva, and New York. The campaign is introduced by Idris Elba, who will invite entrepreneurs and business leaders to bring their ideas to the UAE, where they can not only become reality but also reach global markets. The invest UAE offers a comprehensive resource for investors.

The “Invest in the Emirates” campaign emphasises the UAE’s rapidly growing innovation ecosystem, offering comprehensive support including funding, regulatory frameworks, and government backing. With a tax-free environment, extensive global trade and logistics networks, and a proactive approach to enabling business success, the UAE has become a launchpad for thousands of ventures aiming for inter
national success.

The campaign continues to highlight the UAE’s commitment to fostering an environment where innovation and entrepreneurship thrive, making it an unparalleled destination for global investors.

Source: Emirates News Agency

ABU DHABI:The UAE has launched its ambitious “Invest in the Emirates” campaign, extending a global invitation to the world’s top innovators, talents, and entrepreneurs to explore the unparalleled opportunities within the country’s dynamic business landscape.

The campaign takes place in major cities like Cannes, Munich, Paris, London, Zurich, Geneva, and New York. The campaign is introduced by Idris Elba, who will invite entrepreneurs and business leaders to bring their ideas to the UAE, where they can not only become reality but also reach global markets. The invest UAE offers a comprehensive resource for investors.

The “Invest in the Emirates” campaign emphasises the UAE’s rapidly growing innovation ecosystem, offering comprehensive support including funding, regulatory frameworks, and government backing. With a tax-free environment, extensive global trade and logistics networks, and a proactive approach to enabling business success, the UAE has become a launchpad for thousands of ventures aiming for inter
national success.

The campaign continues to highlight the UAE’s commitment to fostering an environment where innovation and entrepreneurship thrive, making it an unparalleled destination for global investors.

Source: Emirates News Agency

ABU DHABI:Al Fujairah National Insurance Co. (AFNIC) announces the launch of ‘FloodGuard,’ the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for third-party insured motorists.

FloodGuard offers crucial coverage for personal or company-owned vehicles used exclusively for personal or leisure purposes, especially those over 7 years old that often do not qualify for comprehensive insurance. ‘In response to the recent heavy rains in the UAE, AFNIC’s innovative solution provides much-needed relief to private car owners. We are proud to spearhead this groundbreaking insurance product in the UAE,’ said AFNIC CEO Antoine Maalouli. ‘Our commitment is to address our clients’ evolving needs and offer them the reassurance they seek in an ever-changing world.’

Policyholders can select coverage limits of AED 25,000 or AED 50,000 for a 12-month term. The policy is easily accessible online via the AFNIC’s website at afnicfloodguard.ae or through AF
NIC’s mobile app, with purchase taking under five minutes. It is also available at any AFNIC branch or from over 40 authorised outlets, including vehicle testing centers throughout the UAE.

FloodGuard will be active 15 days after the policy start date, so early purchase is recommended. This standalone product does not replace Motor Comprehensive, Motor Third Party Liability (TPL), or Statutory Vehicle Insurance and is compatible only with existing Motor TPL policies from AFNIC or other insurers.

Source: Emirates News Agency

Madrid – Morocco has moved up a gear to exploit its strong offshore wind potential and increase its wind generation capacity, writes Spanish media outlet ‘El Economista’ on Monday.

To this end, the Moroccan Agency for Sustainable Energy (MASEN) is committed to promoting the development of an offshore wind industry, drawing on the experience gained in this field to develop a first offshore wind farm off the coast of Essaouira, the media reports.

Supported by a 2 million euro grant from the European Investment Bank (EIB), this project marks a major step forward for the Kingdom in this field, it points out in an article entitled ‘Morocco signs with the EIB to speed up its offshore wind energy projects and join Portugal and France’.

Citing World Bank Group estimates published by the ‘Offshore WIND’ platform, the publication states that Morocco has 200 gigawatts (GW) of potential offshore wind capacity, of which 22 GW is most suitable for fixed-bottom turbines.

Source: Agence Marocaine De Presse