Dubai: A new contract has been signed for the fourth phase of the Mohammad Bin Rashid Al Maktoum Solar Park, the largest Concentrated Solar Power investment project in the world. The Engineering, Procurement, and Construction (EPC) contract for the 700 …
( read original story …)
Dubai’s Deyaar reports 25% jump in Q1 net profit
Currently near completion, The Atria is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower. Deyaar, listed on the Dubai Financial Market, is majority-owned by Dubai Islamic Bank. Subscribe to Arabian Business …
( read original story …)
Sharjah-Khorfakan Road opens, to reduce travel time to 45min
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah today inaugurated five tunnels along the Sharjah-Khor Fakkan road and Al Rafisah Dam rest stop or recreational centre. The road, which includes the 2.7km Al …
( read original story …)
Dubai developer unveils Handover Gallery to ease move-in process
Dubai Properties has announced the on-time completion of Mudon’s Arabella townhouses, located in Dubailand. The developer said it is welcoming new residents with a customer-centric initiative – the Handover Gallery that offers a comprehensive range of …
( read original story …)
Abu Dhabi sees world’s biggest property price decline in 2017
Abu Dhabi’s real estate market saw the largest annual price declines in the world during the fourth quarter of 2017, according to consultants Knight Frank. House prices in the UAE capital fell by 9.1 percent in the year, placing it at the bottom of the …
( read original story …)
Emirates sees over 1m inflight Wi-Fi connections during March
Customers in all cabin classes receive 20MB of free Wi-Fi data. The highest data usage from a single passenger was made by an Emirates Skywards member who stayed connected throughout their flight from Dubai to Johannesburg, consuming 4.9 GB of …
( read original story …)
Dubai set to launch world’s first digital bank for art
The Dubai Culture and Arts Authority (Dubai Culture) has launched its blockchain-powered digital bank for art, which is the first platform of its kind in the world. ArtBank uses cryptocurrency to facilitate trading in artworks, and establishing Dubai as a …
( read original story …)
High-end Abu Dhabi developers sense property market rebound – Cluttons
Arabian Business reported that developers of high-end homes in Abu Dhabi appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to real estate consultancy Cluttons. Its Abu Dhabi Property Market Outlook report for …
( read original story …)
Emaar signs for trio of properties at Aljada, Sharjah
In a significant deal that will boost the hospitality landscape of Sharjah, Arada, a joint venture between KBW Investments and Basma Group, has signed a management agreement with Emaar Hospitality Group. The deal with the hospitality subsidiary of Emaar …
( read original story …)
Newt Gingrich: Dispatch from Dubai — Camel racing with robot jockeys
As you can imagine, we returned from Dubai with a lot of new thoughts. Robot jockeys racing camels! Who knows what will surprise us next? Newt Gingrich is a Fox News contributor. A Republican, he was speaker of the United States House of Representatives …
( read original story …)
Qatari campaign against Abu Dhabi
Abu Dhabi was not convinced about this … He is the former general manager of Al Arabiya news channel, and former editor-in-chief of Asharq Al-Awsat.
( read original story …)
Dubai Police launches new emergency locator service
Kamel Butti Al Suwaidi, director general of operations at Dubai Police, said that the activation and implementation of this technology follows recommendations made at the annual meetings of the UAE Government. He said the meetings recommended immediate …
( read original story …)
UAE banks could raise fees to offset VAT costs – report
Emilio Pera, partner and head of Financial Services, KPMG Lower Gulf, said: “Banks in the UAE are operating in very dynamic times. The introduction of new laws and tougher regulations is putting tremendous pressure on banks to re-think their business models.
( read original story …)
Money & Me: ‘The UAE offers many opportunities to make money, especially in real estate’
Safdar Badami had a very successful career in the United States when he “got the call” from his father in 2010 asking him to return to the UAE to join the family business. Mr Badami then joined Al Muqarram Industries – which manufactures construction …
( read original story …)
Opinion: UAE equal pay law is a good start but there’s more to do
It’s up to all of us, every day, to challenge this outdated idea. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)
Divorce battle strands Russian billionaire’s $540 million yacht in Dubai
Agents acting on behalf of the British courts petitioned the DIFC Courts to take control of the yacht, Dubai newspaper Gulf News reported, as parties working for Akhmedova had been searching for her husband’s assets globally so she could get payments as …
( read original story …)
Dubai tycoon Al Habtoor bullish over UAE prospects in 2018
Dubai billionaire Khalaf Ahmad Al Habtoor believes 2018 will be a much better year for businesses in the UAE after a tough year in the previous 12 months. The founding chairman of the Al Habtoor Group acknowledged a challenging 2017 when the business …
( read original story …)