KARACHI: H&S Real Estate, a real estate company and partner of Emaar Alliance, celebrated Chinese New Year with the United Arab Emirates (UAE) based Chinese elites, a statement said. Around 500 Chinese community members participated in the event, with a dazzling light show at Burj Khalifa wishing China for the new lunar year. H&S Real … Read more
CAIRO: Saudi Arabia has allocated an independent annual budget to the Economic Cities and Zones Authority (ECZA), to transform the kingdom into a global hub for high-value, long-term investments, Arab News reported. The independent budget will allow ECZA to enjoy flexibility and powers that enable it to carry out its tasks. The authority had also signed with … Read more
JEDDAH: Emaar revealed its aim to sell 50 per cent or more of the online shopping platform, Namshi, Arab News quoted Mohammad Alabbar, founder of Emaar, as saying. This will not be done by selling a stake in Namshi through special purpose acquisition company (SPAC), nor will it be offered for subscription, he said in … Read more
DUBAI: The Public Investment Fund (PIF) has completed the acquisition of Emaar’s The Economic City, Arab News quoted the company’s statement, as saying. Under the investment deal, the sovereign wealth fund becomes a major shareholder in the company with a 25 per cent stake. Emaar EC transferred part of its loan, worth SR2.8 billion, from the Ministry … Read more
The year 2020 is coming to an end and preparations to welcome the year 2021 have commenced around the world. Thus, on each New Year’s Eve, the New Year begins with fireworks and special events and concerts at important and famous places around the world. However, the beginning of the new year will be different … Read more
