Latest Threads

Bolt, a global shared mobility platform, has completed 1 million trips in Dubai since its launch in December 2024. This achievement is supported by a fleet of premium limousines from over 200 partners and 18,000 trained drivers. The platform's user-friendly app offers features like transparent pricing, easy navigation, live tracking, and multiple ride options, enhancing customer confidence. Bolt's partnership with Dubai Taxi Company aims to advance e-hailing solutions and smart transportation services in Dubai, aligning with the city's goal to transition 80% of taxi trips to e-hailing. Mansoor Alfalasi, CEO of Dubai Taxi Company, praised Bolt's milestone and its role in Dubai's transportation ecosystem. Future plans include adding taxi services to Bolt's platform and expanding its reach beyond Dubai.

On January 15, 2025, a meeting was held by Aramex PJSC with all board members present. Key topics discussed included a notification from Q Logistics Holding LLC about its intention to make a voluntary conditional cash offer to acquire up to 100% of Aramex's share capital not already owned by Abu Dhabi Ports Company PJSC. The board also discussed appointing legal and financial advisors for the transaction and reviewed business updates and routine matters. The meeting was documented by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.

Emirates Central Cooling Systems Corporation (Empower) has signed an agreement with Wasl Group to provide district cooling services to 'The Island' project in Dubai, with a capacity of 23,853 refrigeration tons. This collaboration supports Dubai's development vision by implementing energy-efficient and sustainable solutions. 'The Island' is a luxury beachfront development featuring hotels, apartments, and villas, along with various amenities. Empower will supply cooling services using advanced systems to ensure energy efficiency and reduce carbon emissions. The project is set to begin receiving cooling services in the first quarter of 2028. Both Empower and Wasl Group emphasize their commitment to sustainability and environmental objectives through this partnership.

Drake & Scull International PJSC (DSI) announced a legal victory as the Dubai Court of Cassation upheld a previous judgment requiring former CEO Khaldoun Rashid Tabari and Saleh Muradweij to jointly compensate the company AED 151,979,857, plus 5% annual interest until full payment. DSI has begun enforcement actions to recover the amount and secured attachments on the defendants' assets. The ruling supports DSI's efforts to protect its interests and shareholder value, allowing the company to focus on strengthening operations and pursuing new projects. DSI is a global leader in delivering projects across sectors such as electromechanical, engineering, and construction for water, power, and oil and gas, with a history of over 135 years.

Dubai Investments has announced the launch of Asayel Avenue, a new residential cluster in the Mirdif Hills development in Dubai. Asayel Avenue will feature 193 residential units, including 1, 2, and 3-bedroom apartments, designed to offer luxury, functionality, and larger living spaces with enhanced natural light. The project, with an investment of AED 400 million, is set to begin construction in Q2 2025 and complete by Q2 2027. It aims to set new standards for community-focused living in Dubai, with amenities such as fitness centers, recreational areas, and smart living solutions. The development emphasizes green integration and balanced lifestyles, catering to the demand for premium residential options in the city.