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Month: May 2020

Posted on 24/05/2020

Reportage Properties nets $71m in UAE sales within 4 months

UAE-based Reportage Properties has announced total sales of Dh260 million ($71 million) during the first four months despite Covid -19 challenges. The company is presently developing eight projects in …
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Posted on 23/05/2020

UAE: Interest in the business of property will not disappear

Dubai’s property sector was hopeful about seeing positive growth during the Expo, which has now been postponed to October 2021. When the event does take place, the nation’s real estate industry will …
( read original story …)


Posted on 23/05/2020

$25.44bln loans provided to SMEs in UAE

Recently, a committee was formed that includes representatives of the Central Bank of the UAE, the Ministries of Economy, Finance, Youth Affairs and Justice, in addition to the UAE Banks Federation, …
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Posted on 23/05/2020

Former Pacific Controls finance official detained in Dubai, company confirms

According to information available, the current Pacific Controls management had lodged a complaint with Dubai Police that the finance manager (Narasimhan) and his team fraudulentl …
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Posted on 23/05/2020

Dubai CommerCity to open by year-end

Dubai Commercity, the first of its kind project in the region to cater to e-commerce industry, is scheduled to open by the end of 2020, said a senior official. The Dh3.2 billion project, a joint …
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Posted on 23/05/2020

Coronavirus in the Maldives: The couple trapped on never-ending honeymoon

A few days later, the Dubai-based couple left for Cancún, Mexico, with barely a worry in the world: coronavirus seemed a distant concern, as it had yet to fully spread across the globe. So while the …
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Posted on 23/05/2020

Sharjah Police to deploy 365 patrols during Eid Al Fitr to ensure Covid-19 rules compliance

A total of 365 police patrols will be deployed across the emirate during the Eid Al Fitr holidays to ensure that the residents are complying with the restrictions to curb the spread of Covid-19.
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Posted on 23/05/2020

Abu Dhabi property transactions up 34% in April amid Covid-19 outbreak

The total value of property transactions in Abu Dhabi rose 34 per cent to reach Dh6.3 billion in April as the emirate stepped up efforts to stimulate investment amid the coronavirus outbreak.
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Posted on 23/05/2020

Abu Dhabi’s Aldar Q1 profit down 39%, warns virus could delay project launches

Abu Dhabi developer Aldar Properties reported a 39% fall in first-quarter profit on Thursday and warned it could delay new project launches due to the coronavirus pandemic. The state-linked builder of …
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Posted on 23/05/2020

Abu Dhabi’s Aldar reports 39% fall in Q1 profit

Abu Dhabi developer Aldar Properties ALDAR.AD on Thursday reported a 39% fall in first-quarter profit, which it said was largely due to a one-off adjustment. The developer made 302 million dirhams …
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Posted on 23/05/2020

UAE fights coronavirus: Sheikh Hamdan hails team behind innovative, UAE-made ventilators

The DFF ventilator is part of the country’s efforts to deploy breakthrough technologies in the fight against Covid-19 and enhance its healthcare …
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Posted on 23/05/2020

The US cleared the way for a new arms sale to the UAE, despite evidence it violated the last one

The Trump administration has cleared the United Arab Emirates of wrongdoing and approved a possible arms deal with the Gulf state, despite evidence that the country made unauthorized transfers of …
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Posted on 23/05/2020

UK court orders gunrunner to pay over $4.1M to UAE emirate

American aviation magnate and gunrunner tied to the CIA and the Iran-Contra scandal must pay a sheikhdom in the United Arab Emirates over $4.1 million over a series of business disputes, a British …
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Posted on 22/05/2020

Wireless audio device Market Development Opportunities and Trends in Global Industry 2019 to 2026

The global Wireless audio device Market is projected to grow with a striking growth rate of 10.06 % over the forecast period 2019-2026, divulges the latest research report presented by Big Market …
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Posted on 22/05/2020

Sharjah Virtual Reading Festival postponed due to school exams

The opening of the Sharjah Virtual Reading Festival 2020 has been postponed from May 27 to the third quarter of this year, the Sharjah Book Authority (SBA) announced on Friday. The original opening of …
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Posted on 22/05/2020

Interest in the business of property will not disappear

Dubai’s property sector was hopeful about seeing positive growth during the Expo, which has now been postponed to October 2021. When the event does take place, the nation’s real estate industry will …
( read original story …)


Posted on 22/05/2020

UAE develops laser-based technology for faster, mass-scale coronavirus screening

QuantLase Imaging Lab, the medical-research arm of the Abu Dhabi Stock Exchange-listed International Holdings Company (IHC), announced that it has developed novel equipment which enables for much …
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