Housing market sentiment remains subdued in the UAE, where property prices and rents have been on a decline due to the economic fallout of the coronavirus pandemic. Nearly eight in ten (74 percent) of …
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New Dubai Chamber Study Finds Dubai Businesses That Prioritized CSR Initatives Have Responded Comparatively Better To The COVID-19 Crisis
The survey, conducted in May and June 2020, showed that giving importance and adhering to institutional guidelines on employee health, safety and wellbeing, has helped the business community in …
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Dubai South extends stimulus package until December
Dubai South said the extension of incentive package aims to help companies navigate the challenges posed by the Covid-19.
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Gold price surge blessing in disguise for Indonesia
The recent surge in gold prices could be a boon for Indonesia, despite the economic risks that loom behind the spike in demand for the safe haven commodity. The price of bullion touched its highest …
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The United Arab Emirates fisheries and aquaculture market is projected to register a CAGR of 4.7% during the forecast period (2020-2025
New York, July 28, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “United Arab Emirates Fisheries and Aquaculture Sector – Growth, Trends and Forecast (2020 – 2025 …
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Technology infuses ancient hajj rites tailored for pandemic
The vast white marble floors surrounding Islam’s holiest site, the cube-shaped Kaaba in Mecca, would normally be packed with hundreds of thousands of pilgrims from around the world the day before the …
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Corsa Security gaining global traction as remote work trend ramps up wireless traffic
Ottawa firm recently landed $7 million in fresh funding from longtime investor Roadmap Capital following an $11-million round last November.
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4 fined Dh10,000 each for sneaking into protected Sharjah reserve
Hana Saif Al Suwaidi, Chairperson of the Environment and Protected Areas Authority, said that despite clear signage throughout the reserve, which stipulate that entry to the sanctuary is denied …
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UAE economy is strong and resilient to curb crises: Official
Secretary of Ministry of Finance, has said that the United Arab Emirates has proven itself to be a model to the world when it comes to dealing with the novel coronavirus, COVID-19, …
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UAE’s residential property prices, rents to fall 8pc, says survey
Majority of the UAE residents (59 per cent) are expecting a 8 per cent fall in residential property prices and rentals in the second half, according to Peninsula Real Estate, an investment and …
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Home of the Week: This $33 Million Dubai Mega-Mansion Comes With a ‘Free’ Rolls-Royce and Ferrari
Royce Wraith coupe parked in the driveway comes with the house. As does the matching black, ultra-rare $600,000-and-up Ferrari 599 GTO. Same goes for the fully custom, mustard-yellow Harley-Davidson …
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Dubai developer Nakheel in talks to refinance debt amid economic downturn: Reports
A shows a banner of Dubai’s property giant Nakheel flutters near construction sites and skyscrapers in the Gulf emirate of Dubai. (AFP) Dubai property developer Nakheel has approached banks to …
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Acwa Power appoints Shanghai Electric as EPC contractor for fifth phase of Dubai solar park
Saudi Arabia’s Acwa Power appointed Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the fifth phase of the Mohammed bin Rashid Solar Park in Dubai. The 900 MW …
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Network International to acquire Africa’s leading online commerce platform DPO for $288m
Acquisition to accelerate Network’s Africa growth through online payments and mobile money Dubai: Network International Holdings plc, the Dubai headquartered enabler of digital commerce across the …
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Photos: The 5 most expensive villas launched this year in Dubai
Dubai has continued to witness the launch of ultra-luxury villas and penthouses even during the months of the coronavirus pandemic. The five most expensive luxury properties launched across Dubai in …
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Dubai property developer Nakheel in talks to refinance debt – sources
Dubai property developer Nakheel has approached banks to refinance outstanding debt, sources said, amid an economic downturn which is exacerbating property oversupply problems and has raised concerns …
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Further fall in UAE property values and rents, find out which areas
New poll finds that many UAE residents have already tapped lower rental payouts, many by more than 10 per cent from a year ago. Image Credit: Shutterstock Dubai: UAE property owners and tenants are …
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