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    40% complete of 'Movenpick Resort Al Marjan Island' in Ras Al Khaimah

    RAS AL KHAIMAH, 10th August, 2020 (WAM) -- RAK AMI Hotel, a company based in Ras Al Khaimah with the mission to develop and manage hotels, has announced significant progress in the construction of its flagship hospitality project in Ras Al Khaimah, the Mövenpick Resort Al Marjan Island.

    Scheduled for completion in September 2021, work on Mövenpick Resort Al Marjan Island has been progressing as per schedule, despite the challenges posed by the COVID-19 crisis. RAK AMI Hotel has"...

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    Amazon Project Zero Launches in Seven New Countries

    Amazon Project Zero Launches in Seven New CountriesAugust 11, 2020

    Today, Amazon (NASDAQ: AMZN) announced the expansion of Project Zero to seven new countries - Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE - making it available in 17 countries where Amazon has a store. Project Zero combines Amazon’s advanced technology, machine learning, and innovation with the sophisticated knowledge that brands have of their own intellectual property so we can together drive counterfeits to zero.

    Launched in 2019, Project Zero builds on Amazon’s long-standing work and investments to ensure that customers always receive authentic goods when shopping on Amazon. Over 10,000 brands –"...

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    Hyundai launches new EV range to lead global marketAugust 11, 2020

    South Korean automaker Hyundai Motor has launched its new Ioniq brand of battery electric vehicles (EVs) aiming to become the world's third-largest automaker of eco-friendly vehicles by 2025.

    The group aims to sell 1 million units and take 10 percent share to become a leader in the global EV field under its Strategy 2025.

    Under the Ioniq brand, Hyundai Motor will leverage its industry-leading manufacturing know-how in EVs to introduce three new dedicated models over the next four years with more innovative models to follow.

    To fulfil Ioniq’s brand mission, Hyundai will combine its current EV capabilities – such as ultra-fast charging, spacious interior, and battery-supplied"...

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    Kleindienst's Dubai resort cluster project set for Q4 completion

    Leading developer Kleindienst Group said construction is in full swing on the Côte d’Azur, a cluster of four resorts coming up within Phase One of its $5-billion leisure tourism project, Heart of Europe, and is due for completion in the fourth quarter.

    The Heart of Europe is a sustainable island destination in Dubai comprising six islands, highly differentiated 15 hotels and resorts, 4,000 holiday homes, boutique hotel suites, in addition to the iconic Floating Seahorse Villas, white sandy beaches, lush landscapes and views of the Dubai skyline, and the word’s"...

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    Azizi breaks ground on key Dubai Healthcare City project

    UAE-based Azizi Developments has broken ground on its AED350-million ($95.2 million) Creek Views II, a key development on the shores of the iconic Dubai Creek in Dubai Healthcare City, a budding community that is rapidly coming to life and increasing in demand.

    Home to 587 families, this building will comprise 116 studios, 436 one-bedroom, and 35 two-bedroom apartments. With a focus on enriching lifestyles, Creek Views II will feature two swimming pools, a sauna, a steam room, a fully-equipped gym, and a children’s play area, said a statement from Azizi.


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    Italian FinTech partners with Abu Dhabi company on scheme to offer loans

    A financial technology company that lends money to businesses on stock in their warehouse is set to launch in the Middle East after signing an agreement with an Abu Dhabi-based partner.

    Supply@ME, a FinTech company owned by Italy’s Avantgarde Group, signed an agreement with Khaled AlMass's iMass Investments, to pilot an inventory monetisation programme, according to a statement on the London Stock Exchange, where the company’s shares trade.

    The accord will be complete by the end of the first quarter of next year. Manufacturers or funders taking part in the"...

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    Green shoots of revival bloom as Dubai accelerates tourism rebound

    DUBAI, 10th August, 2020 (WAM) -- Dubai’s tourism and hospitality sectors are benefitting from a rapid rebound driven by a multi-phase roadmap being executed by the Department of Tourism and Commerce Marketing, Dubai Tourism.

    'Dubai continues to take effective steps under the guidance of the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai to build on the strategic initiative to reopen the city to tourists on 7th July. Since then, we have been greatly encouraged by the market’s response in the current second phase of our recovery strategy,"...

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