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Month: April 2019

Posted on 04/04/2019

Burned by Dubai, Mobius Joins Chorus of Doom After Property Bust

Three years ago, Mark Mobius saw his luxury apartments in Dubai go up in flames. While the suites have by now been restored to their old splendor, the investor has something else to worry about: the …
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Posted on 04/04/2019

USA men’s cricket team ends UAE tour with a bang

The month of March witnessed Team USA’s historic tour to Dubai to play 2 T20s and 7 ODIs (One Day Internationals) in preparation for the upcoming WCL2 (World Cup League 2) Tournament in Namibia.
( read original story …)


Posted on 04/04/2019

Khabib Nurmagomedov in talks for September Abu Dhabi fight

Reigning UFC lightweight champion Khabib Nurmagomedov is in talks to fight in Abu Dhabi in September … “I just came back from Dubai. And very soon news is coming. Very soon.” He added that the main …
( read original story …)


Posted on 04/04/2019

Dubai Lender May Save Up to $700 Million in Turkey Deal on Lira

(Bloomberg) — Dubai’s biggest bank may save as much as $700 million in a deal to buy Turkey’s Denizbank AS after the lira slumped and economic growth stalled since the agreement was announced …
( read original story …)


Posted on 04/04/2019

US hackers helped UAE spy on Al Jazeera chairman: Reuters

Raven programme documents show she was targeted because of her contact with Azmi Bishara, a Doha-based writer who has been critical of the UAE and founded the news outlet Al-Araby Al-Jadeed. “They …
( read original story …)


Posted on 03/04/2019

Aster DM Healthcare wins four Business Excellence awards

organised the 25th Annual Dubai Business Excellence Awards, to recognise outstanding pursuit of excellence in business practices in 2018. Aster DM Healthcare, one of the leading healthcare service …
( read original story …)


Posted on 03/04/2019

UAE- Nursery bags 3 prestigious awards at 25th Business Excellence Awards by DED

(MENAFN – Dubai PR Network) British Orchard Nursery chain wins the Dubai Quality Appreciation Award (DQAA) for the fourth time The nursery won Dubai Human Development Award for their government …
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Posted on 03/04/2019

Consortium wins $550m Sharjah power project contract

Elsewedy Electric in a consortium with Mitsubishi Hitachi Power Systems (MHPS) has announced that it has won a $550 million contract to build a power plant project in Sharjah. The contract has been …
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Posted on 03/04/2019

Abu Dhabi Considers a Merger to Create Top Mideast Lender

Abu Dhabi is considering combining Abu Dhabi Islamic Bank PJSC with First Abu Dhabi Bank PJSC to create the Middle East’s largest lender, according to people with knowledge of the matter. The emirate …
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Posted on 03/04/2019

Dubai logistics firm Tristar seeks banks to advise on IPO

Dubai logistics firm Tristar has asked investment banks to pitch for advisory roles for its planned listing in London, two sources told Reuters. Tristar is seeking to raise $250m in a potential …
( read original story …)


Posted on 03/04/2019

Illegal subletters could face Dh1 million fine under new Abu Dhabi housing crackdown

Last June, Abu Dhabi Judicial Department said more than 800 people had been prosecuted for living in apartments or villas shared with others in a period of 30 months. The owner of a property is also …
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Posted on 03/04/2019

Aldar’s Khidmah wins seven FM contracts in Abu Dhabi, Dubai, UAQ

In Abu Dhabi, Khidmah will provide FM services for developments … and plumbing (MEP) services for Al-Sagr Properties developments, including Sama Tower, Business Avenue, Al Sagr Business Tower, and …
( read original story …)


Posted on 03/04/2019

Market correction turns Abu Dhabi into buyers’ Real Estate Market, say Cityscape Exhibitors

Allan says affordable communities are now outperforming more expensive “trophy” properties in Abu Dhabi, which represents the best time for buyers to purchase their own homes. “Buying is viable for …
( read original story …)


Posted on 03/04/2019

Aster DM Healthcare wins 4 Business Excellence awards

organised the 25th Annual Dubai Business Excellence Awards, to recognise outstanding pursuit of excellence in business practices in 2018. Aster DM Healthcare, one of the leading healthcare service …
( read original story …)


Posted on 03/04/2019

Dubai logistics firm Tristar seeks banks to advise on IPO: sources

DUBAI (Reuters) – Dubai logistics firm Tristar has asked investment banks to pitch for advisory roles for its planned listing in London, two sources told Reuters. Tristar is seeking to raise $250 …
( read original story …)


Posted on 03/04/2019

Opinion: The profound impact of blockchain technology on the real estate sector

A significant impact of Dubai’s move to blockchain technology in the real estate sector is the reduction in the need for pureplay brokerage services as the single digital real estate platform will …
( read original story …)


Posted on 03/04/2019

Aster DM Healthcare wins four Dubai Business Excellence Awards

Medcare Hospital receives Dubai Quality Award, while Medcare Orthopaedics & Spine Hospital presented with the Dubai Quality Appreciation Award Aster Clinic wins the Dubai Quality Appreciation …
( read original story …)


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