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The United Arab Emirates (UAE) government said on Wednesday, it allocated a 2 billion AED ($545 million) fund to aid homeowners in repairing properties damaged due to recent heavy rainfall and flooding, based on the report of Khaleej Times. Earlier this week, the Kingdom witnessed a year’s worth of rain in a single day, with […]
Real estate developer ROSHN Group, on Thursday, joined forces with Alphabet-owned Google Cloud, aiming to leverage artificial intelligence (AI) and to transform how the firm uses and benefits from data analysis. The Saudi Arabia-based company said with this collaboration ROSHN looks to modernise its data architecture as well as make data-driven decisions to create smart […]
Sunsilk owner Unilever, on Tuesday, said it is restructuring its business by divesting its €7.9 billion ($8.6 billion) ice cream brands, which will impact the job roles of 7,500 employees of the company across the globe. The firm said the separation activity will begin immediately and is expected to be completed by the end of […]
Hypermarket brand Vishal Mega Mart, on Tuesday, planned an initial public offering (IPO) for $1 billion, reported Reuters News Agency based on source data and said, this move is projected to put the budget supermarket chain’s value at close to $5 billion. Based on the Reuters report, Switzerland’s Partners Group and India’s Kedaara Capital both […]
S&P Global Ratings forecast economic growth of 2% to 3% in the Gulf Cooperative Council (GCC) region in 2024 on Monday, with sustained oil-related growth and a solid 4% to 5% rise in the non-oil economic activity in the UAE and Saudi Arabia benefitting from large public investments and FDIs (Foreign Direct Investments). S&P Global […]
Commercial real estate advisor Newmark Group will expand its footprints by opening a new outlet in Paris on Monday, as part of the company’s global expansion to focus on capital markets and leasing. The launch of its workplace in Paris, France initiated with the appointment of Francois Blin and Emmanuel Frénot as Chief Business Officer […]
As Dubai continues to solidify its position as a global tourism hub, the demand for innovative and flexible accommodation options is on the rise. Primestay Vacation Homes Rental LLC is at the forefront of this evolution, redefining the concept of travel and stay in the Emirates. With its finger on the pulse of modern travelers’ […]
Multinational federation of companies Mahindra Group collaborated with Johnson Controls to decarbonize India’s public, commercial, and residential buildings by launching the net zero buildings initiative, on Wednesday. Legislative bodies across developed countries enacted regulations aimed at reducing emissions, and investors made net-zero pledges. According to McKinsey’s research, real estate accounts for about 39% of global […]
India-based real estate developers Godrej Properties (GPL), on Monday, said it has signed definitive agreements to construct a township project in North Bengaluru, under a profit-sharing model. The project aims to provide clients with a high-quality living experience, modern amenities, and exceptional connectivity. GPL said the estimated booking value is expected to be ₹5,000 crore […]
Primestay Vacation Homes Rental LLC is making a significant mark in the hospitality industry. This company is not just offering a place to stay; it’s offering an experience, a new way of traveling that combines the convenience and services of a hotel with the comfort and warmth of a home. Primestay understands the evolving needs […]
Indian real estate firm Mahindra Lifespaces introduced a Carbon Calculator on Thursday, which is designed for user-friendly interaction, with an aim to drive change, towards a greener and more sustainable future. The company said this carbon calculator allows individuals to assess their carbon footprint based on factors like food, transport, and power consumption. With a […]
Real estate solutions provider, Curbio added HomeSmart, one of the fastest-growing real estate brokerage companies in the nation to its brokerage partnerships program on Tuesday. Broadly, there is a rise in the economic culture of buy now pay later (BNPL) schemes, which has opened doors for consumers with weaker incomes to shop for pricey products […]
