New unit to handle Dubai Holding + Meraas projects
DUBAI 30 May 2017: Abdulla Al Habbai, Chairman of DXB Entertainments as well as of Dubai Holding and Meraas Holding, announced the appointment of Raed Kajoor Al Nuaimi as CEO of a new entity to […]
Business
DIP grows with 280 new sub-tenants in Jan-April 2017
DUBAI 31 May 2017: Dubai Investments Park, DIP, a wholly-owned subsidiary of Dubai Investments, has announced that 280 new sub-tenants have leased premises within DIP between January and April 2017. The new leases during the period […]
Biz Alert: June deadline for new UAE Company Law
DUBAI 30 May 2017: The deadline for companies in the UAE to comply with the requirements of the new UAE Commercial Companies Law is approaching. With GCC heading towards value added tax (VAT) and special excise […]
Construction of ‘Soho Square’ on Saadiyat Island begins
ABU DHABI 29 May 2017: Main construction work of ‘Soho Square’ on Saadiyat in Abu Dhabi has commenced, the project’s developer, Bloom Properties, announced. Emirates Link Maltauro, a leading construction group in the UAE, were appointed […]
Bloom Properties awards five contracts worth Dh1 billion
ABU DHABI 30 May 2017: Bloom Properties said it has awarded five construction contracts worth more than Dh1 billion since the beginning of 2017. The developer appointed General Construction Company for the main construction works of […]
Dh12.6 billion in cash dividends distributed by DFM firms
DUBAI 30 May 2017: Using iVESTOR cards and direct bank transfers to investor accounts, Dubai Financial Market has distributed Dh12.6 billion in cash dividends for 2016 to 331,000 investors, bringing to 35 the number of companies […]
Gold, forex rates for Friday 26th May in the UAE
DUBAI 28 May 2017: Gold, forex rates for Friday 26th May in the UAE. Gold rate supplied by Dubai Gold & Jewellery Group
Opec output cut extension will balance market: UAE
VIENNA 28 May 2017: UAE Minister of Energy Suhail bin Mohammed Faraj Faris Al Mazrouei, said the agreement reached unanimously the Organisation of the Petroleum Exporting Countries (Opec) on Friday to extend the production cut by […]
Where is a new Dh1 billion community being built?
DUBAI 28 May 2017: Designs of the Dh1 billion residential complex in the emirate of Sharjah were unveiled by the Sheikh Zayed Housing Programme as part of government plans to provide accommodation to citizens. Officials revealed […]
UAE Business Alert: Fines cut by up to Dh2,000 per employee
ABU DHABI 28 May 2017: Companies accumulating fines due to incomplete work permit registration or late renewals will obtain fine reductions to a maximum of Dh2,000 per worker, the Ministry of Human Resources and Emiratisation has […]