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Month: September 2017

Posted on 12/09/2017

BOK International UAE embraces iMAL Islamic Core Banking System

iMAL latest version offers an advanced and agile banking platform carrying many technical and functional refinements that would bridge the fintech gap. With this further investment in Path Solutions, BOK Group will have the best solution available in the …
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Posted on 12/09/2017

Dubai Property: New Projects Flourish

Property developers in Dubai showcased new multi-billion-dollar mega-projects on Monday despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn. Exhibitors at the three-day Cityscape Global showed off …
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Posted on 12/09/2017

NICL Dubai property scam: Phoney figures used to save major accused

ISLAMABAD: Pakistani courts have apparently been misled to save the skins of six accused persons in a high-profile property purchase scam involving the National Insurance Company Limited (NICL). An officially commissioned report confirms that the company …
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Posted on 12/09/2017

Dubai Properties to showcase high-powered realty portfolio at Cityscape Global

Visitors to the Dubai Properties stand, S1D10 at Sheikh Saeed Hall 1, will be treated to the master developer’s innovative vision for the city’s future development. Dubai Properties, a leading Dubai-based real estate master developer of renowned …
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Posted on 12/09/2017

Dubai developers unveil mega projects at property show despite downturn

Developers showed high-end skyscrapers at the three-day Cityscape Global property show in Dubai with hopes of stimulating and helping to end a three-year downturn in the real estate market Dubai: Property developers in Dubai showcased new multi-billion …
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Posted on 12/09/2017

Revealed: Dubai’s most sought-after neighbourhoods

The higher end communities of Arabian Ranches, The Springs and Akoya Oxygen are the top three most searched for villa neighbourhoods in Dubai, although a growing number of people are searching for midmarket properties, according to online marketplace Dubizzle.
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Posted on 12/09/2017

Gulf real estate expo highlights affordable housing shortage

DUBAI, United Arab Emirates (AP) — Tens of thousands of luxury projects were on display at a premier global property show in Dubai on Monday, but missing from the glittering mock-ups and pipeline of home dreams being rolled out were more affordable …
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Posted on 12/09/2017

Dubai Harbour to Get Second Cruise Terminal

Meraas, a Dubai-based holding company, has announced that Dubai Harbour will have a second cruise terminal in addition to the one already revealed in January 2017. Dubai Harbour will be the first cruise destination to build two terminals simultaneously …
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Posted on 12/09/2017

In pictures: Dubai reveals legacy plans for Expo 2020 district

Authorities in Dubai have unveiled plans for a new business and residential district that will utilise the site of World Expo 2020 when the exhibition is finished. District 2020 will span more than two million square metres and serve as a hub for strategic …
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Posted on 12/09/2017

Dubai raises $1.1bn loan for metro expansion

The government of Dubai has raised a $1.1bn loan that will be used to extend the city’s metro rail system, completing the first step of an infrastructure financing programme which could total as much as $2.8bn, sources familiar with the matter said on …
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Posted on 12/09/2017

Abu Dhabi City wins ‘World’s Best City’ for roads and transport infrastructure development

Abu Dhabi City has won the TomTom International Award as the ‘World’s Best City in Developing the Infrastructures Related to Traffic Management’ for 2016. The win is as a result of the emirate’s sophisticated road network and solid infrastructure.
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Posted on 11/09/2017

Dubai to shine with Solar panels on roof tops soon

Dubai Electricity and Water Authority (Dewa) has urged the emirate’s citizens and residents to benefit from the Shams Dubai smart initiative and install solar photovoltaic panels on the roofs of their premises. The initiative is already a great success …
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Posted on 11/09/2017

UAE tech firm Alef launches schools AI initiative

Alef, a technology company headed up by UAE government veteran Dr Saleh Al Hashemi, has launched pioneering artificial intelligence (AI) software in a private school in Abu Dhabi. Alef said it is holding discussions with other private and public schools in …
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Posted on 11/09/2017

Dubai developer Deyaar unveils Dhs1bn project in Business Bay

Dubai developer Deyaar has launched a new Dhs1bn mixed-use project in Business Bay, it announced during the Cityscape exhibition on Monday. Called South Bay, the residential, serviced apartment and hotel property will cover a built-up area of more than 1.3 …
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Posted on 11/09/2017

ADNOC could list stake in fuel retail business in early 2018: sources

DUBAI (Reuters) – Abu Dhabi National Oil Co (ADNOC … For ADNOC Distribution, Reuters reported in late July that banks had been mandated for the IPO, citing sources familiar with the matter. “They are still working on it, there may be other services …
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Posted on 11/09/2017

Saudi says it’s accelerating economic reforms, Aramco IPO on track

DUBAI (Reuters) – Saudi Arabia’s government is accelerating … public offering of a stake in Saudi Aramco remains on track,” the statement said. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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Posted on 11/09/2017

Saudi assures investors that reforms, Aramco IPO on track

DUBAI (Reuters) – Saudi Arabia’s government assured investors … public offering of a stake in Saudi Aramco remains on track,” the ministry said. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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