“We are proud to invest in their people, technology and future,” he added. “These acquisitions are a testament to our drive to be the number one property platform in the UAE and puts us at the forefront of market innovation.” Dubizzle’s …
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Sharjah Transport Solutions To Work With Careem For More Mobility Options In The Emirate
Under the directives of Sheikha Bodour Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), the “Sharjah Transport Solutions”, the managing transportation unit of Shurooq Al Emarat signed an operational contract with …
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Arada in record Sharjah apartment unit sales
Arada, the UAE’s newest developer, said it has sold all the 115 apartment units within Areej 5 block in the first phase of Aljada, the largest mixed-use project in Sharjah, thus breaking the record for the sale of number of homes te emirate on a single day.
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Sharjah’s Al Ittihad Road to temporarily close
Gulf News previously reported that the bridges is expected to be equipped with elevators and shaded walkways to ensure accessibility for elders, and for people with special needs. On its official Twitter account, the Sharjah RTA said Al Ittihad Road will …
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UAE’s state-owned oil company is poised to sell at least 10% of its fuel distribution unit
Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates (UAE) oil giant, said Monday it plans to sell at least 10 percent of its stake in its fuel retail business in an initial public offering (IPO) next month. The listing will be on the Abu Dhabi …
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Abu Dhabi oil company to put fuel stations on stock market
DUBAI, United Arab Emirates — The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market. The company made the announcement on Monday, saying at least 10 per cent of ADNOC Distribution …
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Dubai wants guarantee on A380 output before placing new order
DUBAI (Reuters) – Dubai wants a guarantee that Airbus (Paris:AIR.PA – News) will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world’s largest jetliner, the airline’s president said …
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Dubai raises stakes in talks for A380 lifeline order
DUBAI (Reuters) – Dubai wants a guarantee that Airbus (AIR.PA) will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world’s largest jetliner, the airline’s president said on …
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Dubai Airshow 2017: Jetex announces expansion of fixed base operations
Jetex Flight Support will build an aircraft hangar at the Jetex fixed based operations terminal near Al Maktoum International Airport in Dubai South Aviation District. The news underlines the strength and position of Jetex as it continues to expand both …
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Holding hands, drinking wine and other ways to go to jail in Dubai
DUBAI, UNITED ARAB EMIRATES: A Scottish electrician named Jamie Harron, visiting Dubai as a tourist, was sentenced to three months in jail for touching a man in a bar. The British head of a professional soccer team, David Haigh, was ordered jailed for …
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Boeing kicks off 2017 Dubai Airshow with $15 billion deal
The value of the whole deal at current list prices is around 1.9 billion dollars, the news agency said, citing a Boeing executive. American plane manufacturer Boeing Dubai’s Emirates airline unveiled a provisional $15.1 billion order for 40 of Boeing’s 787 …
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Dubai Air Show lifts off with Emirates’ $15.1-billion Boeing 787-10 deal
DUBAI, UNITED ARAB EMIRATES—Long-haul carrier Emirates purchased … The deal appeared to surprise Boeing’s archrival Airbus, whose staff had attended a long-delayed news conference and left the room just moments before the announcement.
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Dubai Airshow 2017: Emirates places $15bn Dreamliner order with Boeing
Boeing and Emirates have announced a commitment to purchase 40 787-10 Dreamliners at the 2017 Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1 billion at current list prices. Emirates is the world’s largest Boeing …
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Abu Dhabi’s Aldar Proprties’ Q3 net profit drop by almost a fifth
DUBAI, Nov 13 (Reuters) – Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a nearly 20 percent decline in third-quarter profit. The results come against a backdrop of a slowing economy and property market in the oil …
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Abu Dhabi’s Aldar reports 18.45% dip in Q3 profit
Abu Dhabi developer Aldar Properties has reported an 18.45 per cent decline in third quarter profit year-on-year. The company’s net profit declined from Dhs737m ($200m) in Q3 of last year to Dhs601m ($163.6m) in Q3 of 2017. Revenue was also down 27 per …
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Abu Dhabi’s Aldar posts Q3 net profit of $163m
Aldar Properties on Monday reported a third quarter net profit of AED601 million ($163.6 million) on revenue of nearly AED1.4 billion ($380 million). The Abu Dhabi-based developer said year-on-year revenue growth was 27 percent but did not provide a …
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Aldar Properties Delivers Strong Underlying Performance In Q3 2017
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the third quarter of 2017, which show a strong underlying performance across the business.
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