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Month: June 2020

Posted on 15/06/2020

Saudi Arabian property firm Amlak plans first post-coronavirus Riyadh IPO

Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30 percent of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since …
( read original story …)


Posted on 15/06/2020

Sharjah Chamber, Adex discuss ways to boost UAE exports

It also highlighted the Dh550 million allocated by Adex in 2020 to help finance the export contracts of the UAE companies and how to make use of the financial solutions and servic …
( read original story …)


Posted on 15/06/2020

UAE- First episode of documentary on life of Mohammed bin Rashid enjoys record views

DUBAI, 14th June, 2020 (WAM) — The first episodes of a documentary, titled, My Story, inspired by the book My Story, 50 Stories in Fifty Years by His Highness Sheikh Mohammed bin Rashid Al Maktoum, …
( read original story …)


Posted on 15/06/2020

More Than 50,000 E-Transactions Conducted Per Month By Dubai Chamber Between March And May 2020

Dubai Chamber has processed a total of 152,059 electronic transaction between March and May of this year, at a rate of 50,000 transactions per month.
( read original story …)


Posted on 14/06/2020

Abu Dhabi: Dh200 million to be refunded to restaurants, tourism and entertainment facilities

The refund of Dh200 million constitutes 20% of rental value of commercial properties UAE bank: Abu Dhabi resident asks, ‘Where are my remaining loyalty reward points?’ Abu Dhabi: Around 8,000 tourism, …
( read original story …)


Posted on 14/06/2020

RAK Properties’ profit jumps threefold on the back of higher operating income

RAK Properties reported a more than threefold increase in net profit for the first quarter on the back of higher net operating income and lower finance costs. Net profit for the three months ending …
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Posted on 14/06/2020

All you need to know about Yas Island ahead of UFC 251 in Abu Dhabi

In the deepest darkest recesses of the coronavirus lockdown, ‘Fight Island’ seemed like a compelling pipe dream. But the grand contingency plan is becoming a reality.
( read original story …)


Posted on 14/06/2020

Construction, project deliveries in full swing despite COVID-19

The UAE’s property sector is in fine fettle and is marching ahead despite the COVID-19 challenges. The country’s real estate investors and developers have lauded the UAE government’s smart initiatives …
( read original story …)


Posted on 14/06/2020

DP World’s World Security launches ‘Smart Helmet’ to detect coronavirus in UAE

World Security, the security solutions provider of DP World, has unveiled a new “Smart Helmet” designed to make contactless detection of people potentially infected with the COVID-19 coronavirus. “The …
( read original story …)


Posted on 14/06/2020

Abu Dhabi encourages tourism, entertainment and F&B outlets to stay in business with rent rebates

Some 8,000 businesses with collective rent valued at Dh1bn qualify for 20 per cent rent relief amid Covid-19 crisis …
( read original story …)


Posted on 14/06/2020

Reopening responsibly: Sharjah sets up 13 sterilisation gates at municipality as some employees return to work

Thirteen sterilisation gates, along with thermal cameras, have been put up at Sharjah Municipality as it started welcoming back some of its employees on Sunday. Thirty per cent of the municipality’s …
( read original story …)


Posted on 14/06/2020

Saudi Arabia’s Bindawood Holding to launch IPO as early as this month-sources

Bindawood’s IPO would follow another public share sale by mortgage lender Amlak International for Real Estate Finance …
( read original story …)


Posted on 14/06/2020

Saudi property firm Amlak plans first post-coronavirus Riyadh IPO

Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30% of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since the …
( read original story …)


Posted on 14/06/2020

Dubai health workers get Dh100 gift cards, free movie tickets at these malls

Paying tribute to Dubai’s heroes on the frontlines of Covid-19 battle, a mall operator is giving health workers Dh100 gift cards, special discounts, free movie tickets, and more. With its …
( read original story …)


Posted on 14/06/2020

Accor unveils staycation, dining offers at UAE hotels

Accor, a world-leading augmented hospitality group, has announced half-price staycation and dining offers at more than 50 hotels and resorts across the UAE, exclusive to members of its new lifestyle …
( read original story …)


Posted on 14/06/2020

From Dh79 per night: the 5 Dubai hotels being used for quarantine stays

Returning residents must quarantine for 14 days at home or in one of these Dubai hotels Returning residents flying into Dubai from overseas must quarantine for 14 days, according to Dubai Tourism.
( read original story …)


Posted on 14/06/2020

Deals of the day: 7 incredible online deals under Dh100

Although Dubai malls are operating at a 100 per cent capacity, online shopping is still king here in the UAE. We’ve put together a list of amazing online deals for less than Dh100 that you can order …
( read original story …)


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