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Month: April 2019

Posted on 15/04/2019

UAE expected to gain Dh122.6bn after hosting Expo 2020, Ernst & Young finds

Over that period, Expo 2020 is expected to make up 0.47 per cent of the UAE’s gross domestic product and 0.8 per cent of average annual employment driven by construction, an influx of Expo visitors …
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Posted on 15/04/2019

Dubai financial services authority says investigation into Abraaj is ongoing

DUBAI (Reuters) – Dubai’s financial services authority (DSFA) said on Monday its investigation into collapsed Dubai private equity firm Abraaj Capital Ltd and relevant companies and persons was …
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Posted on 15/04/2019

Azizi Developments partners with Dubai Islamic Bank to provide exclusive home buying solution

Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank commented: As the largest home finance provider in the UAE, we continue to shape the dynamic skyline of the country and provide our customers …
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Posted on 15/04/2019

Dubai developer dips toe in water of London property market

DUBAI, UAE – Dubai property developer Damac Properties has secured a £175 million financing package for a residential development in London. Damac released a statement on Monday in Dubai saying it was …
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Posted on 15/04/2019

Dubai turns to renewable energy for water production

The cost of water production in Dubai is set to reduce as Dubai takes crucial steps to integrate renewable energy into seawater desalination processes. Solar-powered reverse osmosis desalination is …
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Posted on 15/04/2019

UAE-SirajPower launches its first solar carport

Dubai: SirajPower, the UAE’s leading provider of solar roof plants offering both construction and financing solutions under one umbrella, today launched its first solar carport producing green energy …
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Posted on 15/04/2019

UAE- Ajman Free Zone showcases business benefits to Russian investors

(MENAFN – Dubai PR Network) AFZ representatives exhibit and speak at the BOSCO conference in Moscow highlighting wealth of advantages for investors in the Emirate Dubai, UAE, April 15, 2019 …
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Posted on 15/04/2019

UAE’s Etihad Credit Insurance, Italy’s SACE sign reinsurance agreement to boost businesses in UAE

With this agreement, we will be able to reach even more effectively the Italian companies and their subsidiaries active in the UAE with useful solutions to protect their business and concretely …
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Posted on 15/04/2019

UAE’s Arabtec posts 108% profit hike in second year of steady growth

UAE construction giant Arabtec Holding has reported its second … within its workforce and disposing of non-core assets as the first step of its plan. The business is now in what it calls Phase 3, …
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Posted on 15/04/2019

Expo 2020 Dubai to contribute Dhs122.6b to UAE economy: Report

leaving a sustainable economic legacy that will help to ensure the UAE remains a leading destination for business, leisure and investment.” Expo 2020 Dubai is expected to attract 25 million visits and …
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Posted on 15/04/2019

Dubai Tourism to offer sponsorships to event organisers

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has launched a new sponsorship scheme for event organisers in the emirate, it announced on Monday. The scheme will target …
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Posted on 15/04/2019

Now, Dubai-based banks eyed for FOL hike

We now expect markets to keenly follow Dubai based banks raising their FOL such as Dubai Islamic Bank and Emirates NBD, says Chiro Ghosh, Vice-President, Financial Institutions at SICO Bank.
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Posted on 15/04/2019

Abu Dhabi orders recall of 32 consumer products in Q1

Abu Dhabi Quality and Conformity Council (QCC) has announced that it recalled 32 products with a total of 4,120 units that failed to meet safety requiresments during the first quarter of 2019. The …
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Posted on 15/04/2019

Sharjah Ruler Opens Historic Dh 6-Billion Khorfakkan Highway Along With Number of Ambitious Projects

New Road and Key Infrastructure Projects to Give A Huge Boost to Khorfakkan City on The Emirate’s Beautiful East Coast SHARJAH, United Arab Emirates — HH Sheikh Dr Sultan bin Mohamed Al Qasimi …
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Posted on 15/04/2019

Passion week in Abu Dhabi (Photo)

The economic crisis and the unemployed. Bishop Hinder: The Master needs us. Abu Dhabi (AsiaNews) – Indians from Kerala and Goa; Filipinos from Manila and Mindanao; Koreans and Polynesians, Africans …
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Posted on 15/04/2019

UAE’s National Aluminium Ginco plans global expansion with robots

Despite such notable advancements, challenges for façade companies in the UAE have “increased dramatically during the past few years”, as Feras Farah, National Aluminium Ginco’s operation manager and …
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Posted on 15/04/2019

Saudi, UAE fear for Sudan interests post-Bashir: Analysts

“Burhan appears to be more prone to accept the UAE’s policy of zero tolerance towards political … (This story has not been edited by Business Standard staff and is auto-generated from a syndicated …
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