49,000 new homes to come into market this year
DUBAI 29 January 2020: Dubai saw 32,000 new residential properties handed over in 2019 an increase from the 21,014 in 2018 — a rise of more than 52 per cent. There are expectations of an […]
Business
Bee’ah wins largest waste handling contract in Mideast
SHARJAH 29 January, 2020: Bee’ah has been appointed as the waste management partner for Egypt’s new Administrative Capital, which is being developed by the Administrative Capital for Urban Development and is one of the largest […]
Emirates NBD profit up 44% to Dh14.5 billion in 2019
DUBAI 28 January 2020: Emirates NBD net profit has risen 44% to AED14.5 billion in 2019. According to a press statement issued by the bank on Monday, net interest income increased 26% due to loan […]
Dubai employees can get law enforcement powers
DUBAI 27 January 2020: Deputy Ruler of Dubai and Chairman of Dubai Supreme Legislation Committee H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has issued the Supreme Legislation Committee Resolution No. (1) of 2020 […]
DIB completes acquisition of Noor Bank
DUBAI 24 January 2020: Dubai Islamic Bank (DIB), yesterday announced the completion of the acquisition of Noor Bank in a transaction structured through a share swap. As part of this agreement, DIB has issued 651,159,198 […]
Hamdan reduces fees for ‘National Broker’ members
DUBAI 24 January 2020: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, issued Resolution No. (4) of 2020 on the fees for real estate […]
Signs show Abu Dhabi real estate market is bottoming out
ABU DHABI 23 January 2020: Abu Dhabi’s real estate market is showing signs of bottoming out after a sustained period of falling capital values and declining rents, according to Chestertons latest research paper, the Observer: […]
Find Dubai EV charge stations on 14 digital maps
DUBAI 23 January 2020: Dubai Electricity and Water Authority (Dewa), has mapped its electric vehicle charging station locations, across 14 digital platforms, including Dewa website and Smart app. This will support customers, who register in […]
Abu Dhabi issues US$7 billion in multi-tranche bonds
ABU DHABI 20 April 2020: The Emirate of Abu Dhabi on 8th April 2020 priced a US$7 billion multi-tranche international bond offering, which attracted strong interest from international investors. The transaction comprised of three tranches: […]
FNC passes UAE Railway Regulation bill
ABU DHABI 22 January 2020: The Federal National Council (FNC), headed by Speaker Saqr Ghobash, approved two federal bills. The first is concerned with the approval of the unified final budget of the Union and […]