09/12 FIRST ABU DHABI BANK: ADX gains 31.66 pts Tuesday 09/11 ABU DHABI COMMERCIAL BANK: Properties Wins Best Property Management Team &ndash.. 08/31 LARGE UAE BANKS SET TO POST SOLID PR: Moodys 08/30 LARGE UAE BANKS SET TO POST SOLID PR: Moody’s 08/30 …
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Exclusive: Abu Dhabi to sell Italian exec-jet business to China buyers
ROME (Reuters) – An Abu Dhabi sovereign wealth fund plans to sell the executive … “Mubadala will first sell the license, then the intellectual property. The government is looking into it because the defense sector is considered strategic.”
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Emaar Properties awards $53m Forte contract to Arabtec’s Target
RELATED ARTICLES: Emaar launches new waterfront project in Dubai Harbour | Arabtec’s top 5 contract wins of H1 2017 | Emaar Properties gets $1.5bn loan from First Abu Dhabi Bank Target Engineering Construction Company, a wholly owned subsidiary of UAE …
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Investcorp in $350 million US residential property deal
The properties in Orlando, Highpoint Club and Montevista at … market and has been ranked third in the US for employment growth. Investcorp, in which Abu Dhabi’s Mubadala Investment Company is the largest shareholder with a 20 per cent stake, saw …
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World’s heaviest woman Eman Ahmed finally dies in an Abu Dhabi hospital
Paypal Holdings Inc (PYPL) EPS Estimated At $0.32 ILLEGAL ACTIVITY NOTICE: This story was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune … When she was shifted to Abu Dhabi in May, following a dispute between …
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Shanghai Electric consortium wins US$3.9 billion Dubai solar contract
A consortium comprising Shanghai Electric and Acwa Power of Saudi Arabia has been awarded the contract for the 700MW Concentrated Solar Power (CSP) fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai. The fourth phase will require a …
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Sharjah Ruler pardons 149 Indian prisoners
Kerala, India: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has announced amnesty for Indians serving sentences in Sharjah jails in financial and non-criminal cases. The amnesty applies to 149 prisoners …
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Sharjah may aid three Kerala proposals
Kerala’s proposal to establish a cultural complex, an education hub, and a family city for Malayalis in Sharjah has found resonance with the ruler of the emirate who is currently on a visit to the State. A joint communique issued by Sheikh Sultan bin …
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Keralites in Sharjah jails to be released soon
Prisoners of all nationalities in jails in Sharjah who have completed three years of incarceration and who do not have any criminal case registered against them would be set free under a general amnesty. They include 149 Indians, including Keralites …
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149 Indian prisoners in Sharjah to be released
A total of 149 Indians serving prison terms for minor and financial offences in Sharjah will be released following the amnesty declared here by the Emirate’s visiting ruler Sultan Bin Mohammed Al- Quasimi. The announcement came in response to a request by …
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Dubai signs deal to create digital currency emCash
A partnership has been set up to develop and implement emCash, an encrypted digital currency, which people can use to pay for various government and non-government services in Dubai. According to state news agency WAM, Emcredit, a subsidiary of Dubai …
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Driverless hover-taxi makes first ‘concept’ flight in Dubai
Dubai has edged closer to its goal of launching a pioneering hover-taxi service, with the authorities announcing a successful “concept” flight was made on Monday without passengers. Safety features for the two-seater air taxi include emergency parachutes …
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UAE to build Dh500m Mars Scientific City
Abu Dhabi: The UAE on Tuesday revealed plans to build a city called Mars Scientific City, a Dh500 million project that will simulate life on Mars. The announcement was made on the first day of the annual government meetings in Abu Dhabi. The Mars …
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Dubai tests drone taxi service
Dubai has conducted its first test of a drone taxi service that it hopes will become a viable transportation system in the city. The two-seater, 18-rotor unmanned vehicle took off for a five-minute flight above a strip of sand on the Gulf coast. The flight …
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New strategy to help Dubai’s hottest urban areas beat the heat
Dubai: Dubai Municipality is developing a climate adaptation strategy to reduce the temperature in the emirate’s hottest urban areas. In a press release issued on Tuesday, Hussain Nasser Lootah, director-general of Dubai Municipality, said the strategy …
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UAE, Saudi IPO pipeline for H2 2017 looks strong: EY
The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by …
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16 Mena IPOs recorded in first half of 2017
The greenfield IPO of Orient UNB Takaful in second quarter of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. Volume of deals increase in GCC The GCC saw 13 IPOs raised in the first half …
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