Eshraq Properties (Eshraq), an Abu Dhabi-based real estate company, has achieved a net profit of Dh7.75 million ($2.2 million) for the first quarter compared to a net loss of Dh950,000 ($258600) for the same period last year. The real estate company listed …
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Dubai’s Mall of the Emirates car park gets solar retrofit
RELATED ARTICLES: Mall of the Emirates opens Tesla charging stations | France’s Switch Made retrofits Dubai Mall façade lighting | DEWA to install solar panels for free for UAE nationals in Hatta More than 7,000 solar panels have been installed at the …
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Abu Dhabi’s Adnoc Looks to India Amid $45 Billion Refining Push
Abu Dhabi National Oil Co. is looking into acquiring a stake in an Indian refinery as it plans to invest $45 billion at home to expand its Ruwais refining and petrochemicals complex. The government energy producer known as Adnoc is considering, among other …
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Trio flew to Dubai for revenge killing
Dubai: Three visitors have been accused of premeditatedly murdering a businessman in Dubai in a revenge killing. The businessman had killed the brother of one of visitors in 2005. The Pakistani trio, aged 32, 30 and 46, were said to have flown specifically …
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Dubai Police plans driverless patrol vehicles
Dubai Police General Command has signed an agreement with Acacus Technologies, a home-grown technology leader, to have driverless patrol vehicles on Dubai roads by 2020. The driverless vehicles are planned to be on Dubai roads phase-wise. The first phase …
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Islamic Finance: Dubai a Rising Economic Power
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that Dubai’s rising global rankings in a range of economic indicators show that it is closing the gap with the world’s most …
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Expenses rising? Here’s how to avoid getting broke in UAE
Dubai: The high cost of living is always a personal finance issue for many people in many parts of the world. Households constantly worry about how they can keep a roof over their heads, put food on the table or send their children to school without …
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UAE’s Dana Gas agrees $700m sukuk restructuring deal
Dana Gas has reached agreement with creditors on restructuring $700m of sukuk, it said on Sunday, potentially ending a protracted legal battle that unsettled the global Islamic finance industry. The United Arab Emirates energy company said in June that it …
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Abu Dhabi Plans $45 Billion Refining, Petrochemicals Expansion
Abu Dhabi National Oil Co. plans to invest $45 billion over five years to expand the Ruwais refining and petrochemicals complex. The state producer known as Adnoc will expand the complex’s refining capacity by more than 65 percent, or 600,000 barrels a …
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How the UAE Extends Its Military Reach in Yemen and Somalia – With Deadly Results
Military transport planes from the United Arab Emirates landed on the sleepy Yemeni island of Socotra last week, unloading tanks and troops as part of the Gulf Arab state’s drive to extend its influence over a strategic waterway flanked by war zones.
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Indian businessman inducted into Abu Dhabi Police’s community wing
Abu Dhabi: Firoz Merchant, a philanthropist and founder and chairman of Pure Gold Group, was recognised by the Abu Dhabi Police for his significant philanthropic contributions to the country and inducted him into Abu Dhabi Police’s community initiative …
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Major blaze engulfs Zen Tower in Dubai Marina
A residential tower has caught fire in Dubai amid a sandstorm that has hit large parts of United Arab Emirates (UAE). Videos of the blaze were widely shared on social media, showing the newly constructed Zen Tower in Dubai Marina engulfed in flames on …
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Massive Fire in Dubai’s Skyscraper, Smoke Coming From Zen Tower (PHOTO, VIDEO)
According to witnesses, huge plumes of smoke have been coming from the Dubai Marina area and people have been evacuated from the Zen tower. Dubai Civil Defense has taken the fire under control, which broke out in Zen Tower in the Dubai Marina area amidst …
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Dubai Real Estate Institute Concludes Successful Visit to Jordan
Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), has concluded its successful business trip to Jordan. During the visit, which was led by CEO of DREI Mahmoud El Burai, the delegation met senior officials from a number …
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UAE telco du wins key payment card accreditation
The payment channels comprise du stores, Payment Gateway, IVR, voice calls, du mobile app, myaccount.du.ae, WiFi UAE and du Dealer Sales Portal. The move will offer highly secure credit cards and debit cards belonging to the 5 major card issuers …
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du Becomes the First Telecommunications Service Provider in the MENA Region
du’s payment channels – comprising of du stores, Payment Gateway, IVR, voice calls, du mobile app, myaccount.du.ae, WiFi UAE, du Dealer Sales Portal are now Payment Card Industry Data Security Standard (PCI-DDS) accredited – which is an endorsement …
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Dubai Department of Economic Development ‘Business Map’ records 1,848 new trade licenses in April
The Dubai Department of Economic Development (DED) issued 1,848 new business licenses during April 2018 as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw 26,498 …
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