Author: Arabian Media staff
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Image: Supplied Sobha Realty, the UAE-based luxury property developer, said on Wednesday it has raised $750m through its first green sukuk, the largest ever by a real estate developer globally. The five-year sukuk, maturing in 2030, was issued under the company’s $1.5bn trust certificate issuance programme. It will be listed on the London Stock Exchange and Nasdaq Dubai, the company said. Investor demand reached about $2.1bn, 2.8 times the issue size, allowing Sobha to tighten pricing by 50 basis points from initial price thoughts. The sukuk was priced at a profit rate of 7.125 per cent per annum with an…
Image credit: Getty Images The Dubai Government Human Resources Department (DGHR) formally extended its ‘Our Flexible Summer’ initiative to all Dubai Government entities following the success of a pilot phase conducted in 2024. The initiative, which aimed to enhance work-life balance for government employees, ran from July 1 and will go up to September 12, 2025, with implementation determined at the discretion of each participating entity. Read more- UAE embeds AI at the heart of new federal government strategy cycle The full rollout marked a significant shift in the government’s workplace strategy, designed to prioritise employee wellbeing, institutional efficiency, and…
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Image: Supplied PRYPCO, the UAE-based property technology company, said that US venture capital firm General Catalyst has led its pre-series A funding round, marking the investor’s first proptech commitment in the Middle East. The deal underscores PRYPCO’s position as one of the region’s fastest-growing proptech platforms, with the company already facilitating close to Dhs10bn ($2.72bn) in mortgages, supporting over 3,000 individuals in securing UAE Golden Visas, and attracting more than 50,000 users to its fractional ownership platform, PRYPCO Blocks. Users have invested nearly Dhs20m across 21 properties through the platform, the company said. PRYPCO has also introduced tokenised property investments…
Khuloud Hassan Al Nuwais, chief sustainability officer at Emirates Foundation and Secretary General of the ne’ma Committee/Image: Supplied ne’ma – the National Food Loss and Waste Initiative – in collaboration with the Federal Competitiveness and Statistics Centre (FCSC) and local statistics centers across the Emirates, has launched the data collection phase of the UAE’s first-ever National Food Loss and Waste Baseline Study. From September 8 to 21, 2025, field teams will conduct household-level food waste measurements nationwide, while businesses registered in the study will submit their own data directly through the ne’ma data hub. This two-week effort marks the first…
Image credit: Dubai Media Office/Website The Dubai’s Roads and Transport Authority (RTA) has completed a key road widening project on a 700-metre stretch of Sheikh Zayed Road, near the Umm Al Sheif Street exit. The upgrade expands the highway from six to seven lanes in one direction, boosting capacity by 16 per cent to accommodate up to 14,000 vehicles per hour. Read-Dubai’s RTA, DET issue new regulation to strengthen tourist transport sector The initiative is part of the RTA’s broader strategy to improve traffic flow and reduce congestion across the emirate’s major road networks. By increasing capacity at one of…
Key Takeaways Retiring early is a great goal, and you may be able to do it on just $750,000 if you have a plan and can keep a handle on your spending. Healthcare is a major expense for early retirees, as most won’t be eligible for Medicare before age 65. Shop around for different plans until you find the most affordable one for your needs. The 4% rule is a good rule of thumb, but early retirees have longer time horizons and may wish to withdraw 3% or 3.5%. You would love to retire early, but you only have $750,000…
Andries Retief/Image: Supplied DHL Supply Chain has announced new leadership appointments, effective 1 September 2025, aimed at reinforcing its customer-first strategy and accelerating global growth under Strategy 2030. Andries Retief has been named chief development officer (CDO), reporting directly to Hendrik Venter, CEO DHL Supply Chain. With more than 15 years of international leadership experience across Europe, the Middle East & Africa, and Asia, Retief has a strong track record of driving growth, building customer-focused solutions, and establishing strategic partnerships. In his new role, Retief will spearhead the development of next-generation supply chain solutions, deepen strategic partnerships, and lead customer-centric…
Image: Supplied Milano, the bath and home solutions brand under the Danube Group, hosted its Annual Dealers Event in the UAE, gathering hundreds of traders who play a pivotal role in the company’s growth. The event featured new product launches, seasonal promotions, dealer recognition, and networking opportunities, underscoring Milano’s commitment to innovation and long-term partnerships. A major highlight was the unveiling of Milano’s latest product line, presented exclusively to its dealer network. Supported by promotional schemes and seasonal offers, the launch is designed to help traders grow their businesses. The spotlight was also on Milano’s water heater collection, a timely…