Stock exchanges in United Arab Emirates closed higher on Friday, with Abu Dhabi boosted by a surge in Adnoc and OCI- owned fertilizer firm Fertiglobe , Dubai extends gains.

Abu Dhabi’s largest property developer is planning a 1.8 billion dirham ($480 million) project that will include homes, offices and retail locations in neighboring Dubai as it aims to capitalize on rising demand in the Middle East’s tourism and business hub.

The 50:50 joint venture will develop the six-building project next to the Dubai Exhibition Centre, which will include residential, office, and retail space

Joint venture to create a major mixed-use development with six buildings within the new Expo City master plan Aldar and Expo City Dubai have established a 50:50 joint venture to develop and own a major mixed-use which will become the core element of the new master plan unveiled by Expo City Dubai.