BusinessLatest Business and Company Updates
Emaar Malls to Waive Rent for Dubai Mall Tenants During Fountain Closure
Emaar Malls has unveiled a four-month rent waiver initiative aimed at supporting food and beverage tenants with terrace spaces overlooking the Dubai Fountain and Lake areas at both Dubai Mall and Souk Al Bahar. The move, effective from June to September 2025, comes as the Dubai Fountain, a major
Emaar EC approves major debt-to-equity capital boost
Emaar, the Economic City has secured board approval for a sweeping balance-sheet overhaul that will lift its share capital by nearly 69 per cent through the conversion of debt owed to the kingdom’s Public Investment Fund, a move aimed at
Mubadala and Bain seal Service Logic deal
Mubadala Investment Company and Bain Capital have completed the acquisition of Service Logic, a major provider of commercial heating, ventilation and air-conditioning services, marking a significant private equity investment into North America’s building services sector. The transaction, announced on Wednesday,
Sunteck’s Dubai Debut Signals Global Luxury Pivot
Sunteck Realty Ltd has launched its international arm, Sunteck International, and formally entered the UAE real-estate market with the unveiling of a 2.5-acre land parcel in Downtown Dubai. The site is positioned within seconds walking distance of the Burj Khalifa
