Dubai Investments to IPO at least 30 per cent of Emicool

Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai has an 11.54 per cent stake, plans to float at least 30 per cent of its district cooling unit Emicool by the end of 2018 on the Dubai Financial Market ... ( read original story ...)

Al Mal Capital named lead manager for Emicool IPO

Dubai Investments, a leading diversified investment company, has announced that its subsidiary Al Mal Capital, a prominent financial institution, will be the lead manager for the initial public offering (IPO) of its wholly-owned subsidiary Emirates ... ( read original story ...)

Aldar Properties offplan sales hit $952m in 2017

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said it has delivered a robust performance across its two business pillars in 2017. Announcing the results for the full-year 2017, Aldar stated that its underlying gross profit had surged ... ( read original story ...)

Sharjah cricket stadium gears up for PSL 2018

Sharjah, United Arab Emirates: The third Pakistan Super League takes off February 22 with the new sixth team, Multan Sultans, mentored by former national skipper Wasim Akram adding further zest to the format. The other five teams are the Peshawar Zalmis ... ( read original story ...)

Sharjah flight from Amritsar

Till February 26, the flight IX 181 (Amritsar-Sharjah) will depart from Amritsar at 8 pm (local time) and reach Sharjah at 9.55 pm (Sharjah time). The return flight IX 182 will take off from Sharjah at 2.15 pm and arrive in Amritsar at 7 pm (local time). ( read original story ...)

Massive 55% tax coming to the UAE

Good news for the UAE: No value-added tax (VAT) increases for upcoming 5 years. UAE Minister of State for Financial Affairs Obaid Al Tayer said at the Arab Fiscal Forum the government has no plans to raise the rate of VAT or excise tax in the near future. ( read original story ...)