Significant gain seen for Emaar Properties shareholders as the global real estate company on Wednesday announced plans to list its UAE Real Estate development business on the Dubai Financial Market (DFM). The IPO will be the largest since the Emaar Malls …
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Emaar to IPO real estate business in Dubai
RELATED ARTICLES: Emaar launches virtual tours of its hotels in Dubai | Video: Emaar’s The Tower completes excavation work | Dubai Ruler visits Emaar’s The Tower ahead of pile capping Emaar Properties has announced plans to list its UAE Real Estate …
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Dubai Cares gives preschool reading in Gaza a boost
Dubai: Dubai Cares has been working with ANERA (American Near East Refugee Aid) to normalise the learning and school-going process in Gaza by re-introducing reading. To encourage children to listen to and read stories, Dubai Cares funded a preschool …
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Al Khail Gate residents to get ‘explosion-proof’ LPG cylinders
Dubai: New ‘explosion-proof’ composite LPG cylinders will be made available to Al Khail Gate residential community as part of a move to enhance safety and reduce risks, it was announced on Wednesday. Dubai Properties (DP), the developer of the gated …
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Qatar’s news agency was hacked, sparking diplomatic crisis, preliminary report says
The United Arab Emirates, Saudi Arabia, Egypt and Bahrain severed diplomatic ties with Qatar on Monday in part because of comments posted briefly on the Qatar News Agency’s website on May 23. The article quoted Qatar’s Emir Tamim bin Hamad al-Thani as …
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Emaar to sell 30% of UAE property business
Dubai: Emaar Properties, the Dubai-based developer, plans to sell as much as 30 per cent of its real estate development business in the UAE in an initial public offering (IPO). The funds raised will primarily be distributed as a dividend to Emaar’s …
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Abu Dhabi port eases restrictions on oil tankers going to and from Qatar
Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing …
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Qatar banks dealt financing blow as Saudi-led alliance cuts ties
DUBAI: Qatari banks, already stretched by financing demands … chief investment officer of emerging market hedge fund Capricorn Fund Managers Ltd. “If it lasts more than a few days we are likely to see rapid increases in risk pricing.”
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UAE turns screws on Qatar, threatens sympathizers with jail
Qatar’s isolation from powerful fellow Arab states advanced, however. UAE-based newspaper Gulf News and pan-Arab channel Al-Arabiya reported the crackdown on expressions of sympathy with Qatar. “Strict and firm action will be taken against anyone who shows …
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Solar panels to power four UAE malls
Dubai: Shopping mall owners Majid Al Futtaim Properties are set to install thousands of new solar panels at four of its malls to reduce the equivalent carbon emissions of taking 700 cars off the road, it was announced on Wednesday. According to a joint …
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Man cleared of embezzling Dh4m from Finance Ministry
Dubai: An accountant has been cleared of committing electronic fraud and embezzling Dh4 million from the UAE’s Finance Ministry after forging 453 e-dirham transactions. The 30-year-old Sudanese accountant, who worked for an outsourced company that deals …
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Man ‘wore a burka to lure 11-year-old boy away to rape and murder him because he knew the child would not walk off with a man’ in Abu Dhabi
A man disguised himself in a burka in order to lure an 11-year-old boy whom he then raped and strangled to death, according to police in Abu Dhabi. The accused was aware that the boy would not accompany him if he knew he was a man, the Gulf News reported.
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UAE turns screw on Qatar, threatens sympathizers with jail
UAE-based newspaper Gulf News and pan-Arab channel Al-Arabiya reported the crackdown on expressions of sympathy with Qatar. “Strict and firm action will be taken against anyone who shows sympathy or any form of bias towards Qatar, or against anyone who …
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Qatari nationals BANNED from flying Qantas to Dubai after the UAE cut diplomatic ties with the Gulf state over claims it supports terrorism
Qatari nationals have been banned from flying on Qantas airliners to and from Dubai after the UAE cut ties with Qatar. Middle Eastern countries including Saudi Arabia, Egypt, Bahrain and the United Arab Emirates have stopped all land, sea and air contact …
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Mohammad approves Dubai Police’s new identity strategy
Dubai: Dubai Police’s new identity strategy, based on innovation, security and communication, has been approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The new strategy …
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Two Indians win $1m in Dubai Duty Free promotion
Nayaka, who works for WSP Engineering Consultancy in Dubai, was thrilled. “It’s a truly memorable day for me and my family. I can’t wait to share the news with my wife and son who are coming back to Dubai after a short holiday in India. We will be …
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598 Key Sofitel Dubai Wafi Hotel to Open 2019
Sofitel Dubai Wafi will feature 501 luxury guestrooms, inclusive of 86 suites, ranging in size from 55 square meters to 625 sqm, in addition to 97 studio, one-, two- and three-bedroom serviced residences to be operated on an extended-stay basis.
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