Dubai real estate developer Damac Properties will invest $20 billion in data centres across the United States, President-elect Donald Trump announced on Tuesday.
Exclusive: Trump’s Dubai Billionaire Pal Discusses His Promise To Invest $20 Billion Into U.S.
The U.A.E. real estate tycoon and Trump pal has a history of audacious projects, but can he come up with the pledged $20 billion? He makes his case from Mar-a-Lago.
Dubai aircraft leasing firm DAE to acquire Nordic Aviation Capital
DAE said that the acquisition will be capitalised and funded by internal resources along with committed debt financing.
UAE’s ADNOC L&S signs hybrid capital facility worth $2bln to fund investments
Approximately $1 billion of the facility will be utilised to fund the acquisition of Navig8 TopCo Holdings Inc., the Singapore-based tanker management company, a deal the shipping and maritime …
Sharjah transfers 20% stake in Invest Bank to security fund
The emirate confirmed on Tuesday that it had transferred 47,490,248,165 shares, representing 20.48% of its stake in the Abu Dhabi-listed bank, to the Sharjah Social Security Fund (SSSF). The transfer …
UAE weather: Speed limits cut as Abu Dhabi blanketed by fog
A safety warning was sent out to motorists in Abu Dhabi on Wednesday morning as dense fog covered the emirate.Abu Dhabi Police urged drivers to be vigilant during the hazardous conditions, which led to speed limits being reduced to 80kph on a number of routes.
Mamma Mia in Abu Dhabi: Ticket prices, dates, location and more
Blockbuster musical Mamma Mia! is coming to Etihad Arena. After a successful 2021 run at Dubai Opera, the stage sensation will take over the Abu Dhabi venue from June 11 to 22, as the production celebrates 25 years since its debut in London’s West End.
Dubai: Rents could drop in some older buildings as smart rental index is launched
Rents could drop in some older Dubai buildings with fewer modern amenities following the introduction of the new smart rental index.Real estate industry executives suggest that newer buildings with …
A sneak peek at Dubai’s unmanned rescue boat that can help save lives on the water
A self-driving boat that patrols the waters and can help prevent people drowning on its own sounds like a concept from a science fiction film. However, it will soon become a reality in Dubai, say …
Trump’s Dubai Billionaire Ally Vows $20 Billion for Data Centers
President-elect Donald Trump announced an investment of at least $20 billion from Hussain Sajwani, the head of Damac Group, to build new data centers in the US.
Yuval Tal: The Financial Guru Behind Payoneer
Yuval Tal is known for founding Payoneer, a company that has revolutionized global online payment solutions for small businesses and freelancers.
The 30th Dubai Shopping Festival: Everything you need to know
Fireworks will also be a daily occurrence at Dubai Festival City Mall at 9.15pm, and you’ll also be able to see displays at Hatta on a Friday and Saturday. Speaking of Hatta, from Friday December 6 …
Aldar Properties Targets USD Hybrid Notes for First Time
Dubai Aldar Properties, a prominent real estate developer based in the UAE, is set to enter the international bond market with its debut offering of hybrid notes, aiming to raise significant capital …
A Fugitive Businessman, Done In by One Law He Couldn’t Dodge
Fleeing fraud charges, Samuele Landi evaded extradition treaties, dabbled in crypto, procured diplomatic credentials and took advantage of all the offshore world has to offer.
Trump’s Dubai billionaire ally vows US$20 billion for data centres
SINCE Donald Trump was first elected in 2016, Hussain Sajwani, the head of Damac Group, wanted the world to know he was the US president’s man in the Middle East. Read more at The Business Times.
Crypto.com Teams Up with Dubai Islamic Bank to Expand Market Presence in the UAE and GCC
Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB), the UAE’s Islamic Bank.
Behind Trump’s deal with Dubai’s DAMAC Properties
President-elect Donald Trump announced a deal with Dubai developer DAMAC Properties for an investment of at least $20 billion in the U.S. CBS News’ Aaron Navarro reports.