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DP World unveils Dubai Food District revamp
DP World has announced the Dubai Food District, a major expansion and rebranding of the Al Aweer Central Fruit and Vegetable Market, signalling an ambitious push to strengthen Dubai’s role in global food trade and logistics. The project, outlined in a company statement issued on Thursday, is positioned as a
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Al-Futtaim Takes Nearly Half of Cenomi in SAR2.52bn Deal
Al-Futtaim has finalised the acquisition of a 49.95% stake in Cenomi Retail for SAR 2.52 billion, after agreement to purchase shares at SAR 44 per share from major founding shareholders. This marks a significant foreign investment in Saudi Arabia’s retail
Dubai luxury assets secure CPIPG financing
Emirates NBD has extended a AED367.3 million loan facility to Luxembourg-based CPI Property Group, giving the European real estate investor funding cover for deferred payments on a portfolio of ultra-luxury residential units in Dubai through 2026 and 2027.The transaction, equivalent
Emirates SkyCargo widens Asian freight reach
Emirates SkyCargo has expanded its freighter network across East and Southeast Asia, adding capacity on key manufacturing corridors as exporters seek faster links to markets across the Middle East, Africa, Europe and the Americas.The Dubai-based carrier said it moved more
