Nakheel has announced a AED230 million relief package for its business partners. It covers rent relief for tenants, including retainers, restaurants and business owners in their malls and master communities.
The developer is also waiving administrative charges for a number for services and reducing district cooling charges.
Omar Khoory, managing director of Nakheel Malls, told ARN why they’re doing this.
UAE and Scotland boost investment ties
The UAE Ministry of Investment and the Scottish Government have signed a Memorandum of Understanding aimed at strengthening investment cooperation and boosting mutual investment flows between the two countries.
Trump threatens tariffs on any nation supplying Cuba with oil
US President Donald Trump has threatened new tariffs on Thursday on countries supplying oil to Cuba, escalating a pressure campaign against the communist-run island and long-time foe of the United States.
China relaxes visa rules for UK citizens on PM's trip to Beijing
China agreed to relax rules to allow some visa-free travel for British citizens on Thursday during a visit by Prime Minister Keir Starmer to Beijing, as part of a partnership deal which London hopes will help expand its service sector.
Tesla invests $2 billion in Musk's xAI, reiterates start of Cybercab production
Tesla has said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI, and that production plans for its Cybercab robotaxi were on track for this year.
flydubai invests in leadership programmes to strengthen internal talent
flydubai has launched two leadership programmes designed to accelerate internal talent growth, strengthen leadership capability and further embed a high-performance, values-driven work culture across the organisation.
