DAE said that the acquisition will be capitalised and funded by internal resources along with committed debt financing.
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.
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.
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 …
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.
Armenia and the UAE: Opportunity or missed potential?
Much of the Armenian population might assume that the country’s top foreign investor is Russia. Others might believe it’s the European Union. However, few people would ever think that in 2023 …
Trump announces $20B investment by Emirati billionaire Hussain Sajwani, boosting AI and crypto growth
President-elect Donald Trump on Tuesday announced a $20 billion investment in US-based data centers by Hussain Sajwani, the billionaire founder of DAMAC Properties and a close business associate of …
YouTuber Accused of Kidnapping 2 Women Before Announcing on TikTok He Was Fleeing to Dubai
Corey Pritchett Jr. allegedly kidnapped two women from a bowling center in Houston in November before relocating to Dubai
Fiber Connect Council MENA to hold its 14th conference, exhibition in Dubai
The Fiber Connect Council MENA announced today its 14th annual Conference and Exhibition, focusing on “The Role of Carriers in Enabling AI Fiber Infrastructure.” The event, schedu
UAE’s Damac to invest $20 billion in US data centres
UAE company Damac Properties has made a $20 billion investment in the US to build data centres across the country, president-elect Donald Trump announced on Tuesday. Hussain Sajwani, founder and …
Trump, Dubai billionaire unveil $20 billion for data centers in Midwest, Sun Belt
“The investment will support massive new data centers across the Midwest, the Sun Belt area, and also to keep America on the cutting edge of technology and artificial intelligence,” Trump said at a …
UAE billionaire Sajwani to invest $20 billion in US data centres, Trump says
Hussain Sajwani is the chairman of DAMAC, the company that owns the Middle East’s only Trump-branded golf course in Dubai, which opened in 2017 …
Who is Hussain Sajwani? Dubai billionaire behind Trump’s $20 billion US data center plan
President-elect Donald Trump has announced a $20 billion investment in US data centers from Dubai-based billionaire Hussain Sajwani, further strengthening his ties with the prominent Middle Eastern …