The IPO could take place later this year, on either the Dubai or Abu Dhabi stock exchange, but the size of the offering has yet to be determined, the sources said. EGA was created in 2013 when state-owned companies Dubai Aluminium (Dubal) and Abu Dhabi’s …
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Aldar Properties : Abu Dhabi developer Aldar sets sights on Yas and Reem projects
Aldar Properties expects to invest Dh1.9 billion in developing four new projects on Reem Island and Yas Island in Abu Dhabi as part of the company’s plans to boost its recurring revenue. Abu Dhabi’s largest listed property developer said on Monday in a …
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Property market in Dubai stabilises but still declining in Abu Dhabi
The residential real estate market in Dubai is showing signs of having bottomed out with the latest sales and price figures moving into positive territory in February. The Dubai residential property sales price index from ReidIn increased by 0.3 points, an …
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DIFC WPR set for Dubai property show debut
The DIFC Wills & Probate Registry (WPR), a public entity of the Dubai government, is set to take part for the first time in the International Property Show (IPS), which kicks off in Dubai, UAE, next month. The WPR provides legislative certainty that a …
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Warba Bank celebrates listing of its sukuk in Nasdaq Dubai
KUWAIT: Shaheen Al-Ghanem, Chief Executive of Warba Bank, the best investment bank in Kuwait as well as the best corporate advisory, yesterday rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a $250 million Perpetual Tier 1 Basel …
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UAE happiest country in the Arab world
Dubai: The UAE has been ranked the happiest country in the Arab world for the third consecutive year in the UN World Happiness Report 2017. The UAE, which has been ranked 21st globally, is followed by Qatar 35, Saudi Arabia 37, Kuwait 39 and Bahrain 41 …
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Look: Dubai has the world's 'happiest tower'
Dubai: The UAE is taking its happiness drive seriously. And you can’t miss if you’re driving down Dubai’s Shaikh Zayed Road. On Monday, the International Day of Happiness, just as the 200-megawatt solar power plant was being unveiled, a Dubai skyscraper …
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Strong winds, dust storms expected to continue in UAE
“We’re expecting the north westerly winds to affect all of the UAE by nightfall, and we’re expecting a gradual fall of temperatures for the next two days,” an NCMS forecaster told Gulf News. The unstable weather was caused by a trough, or extended …
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Dubai Police help Arab boy meet father after seven years
Dubai: Dubai Police helped a 15-year-old Arab boy reunite with his father after seven years, police said on Monday. The boy came to Dubai recently searching for his father who had divorced his mother when the boy was a year old. The boy, armed with just a …
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The real-life Robocop set to serve and protect in Dubai: Droid will patrol the streets from May and make up a QUARTER of the police force by 2030
Brigadier Abdullah Bin Sultan, director of the future shaping centre of Dubai Police, told Gulf News: ‘We are looking to have more robots in future to handle policing. ‘By 2030, we are keen to make robots around 25 per cent of the total police force.
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UAE AFC World Cup 2018 Qualifier: Mahdi Ali excludes injured Amer Abdulrahman from squad to face Japan
The news comes as a blow to UAE who are looking to reach their second ever World Cup finals. They currently sit in fourth place in Group B, level on points with Australia, who they meet next week, and one point off leaders Saudi Arabia. Japan are second on …
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UAE Exchange India Kicks-off 2017 With a Host of Awards
UAE Exchange India, a pioneer in financial services has created a niche for itself in the industry by providing users with advanced features in the financial arena to help build mutual relations between the organisation and its customers. Acceptance from …
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UAE denies targeting Somali refugee boat
An official source in the UAE Armed Forces has said that the UAE Armed Forces did not target the Somali refugee boat which was travelling from the coast of Yemen to Sudan. Citing preliminary investigations into the incident, the source declared that the …
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UAE summons Swiss ambassador over U.N. Bahrain statement
The UAE’s Ministry of Foreign Affairs told the Swiss ambassador “it was better if such issues were resolved through established bilateral channels between Bahrain and Switzerland,” according to a statement posted on state news agency WAM. The foreign …
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UAE summoned the Swiss ambassador to denunciate the statement against Bahrain at the Human Rights Council.
Dr. Abdul Rahim Al Awadhi, Assistant Minister of Foreign Affairs and International Co-operation for Legal Affairs, summoned Maya Tissafi, Ambassador of Switzerland to the UAE, over the Swiss statement against Bahrain. Shaikh Mohammed bin Maktoum Al …
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Kuwait’s Warba Bank lists $250m sukuk on Nasdaq Dubai
Shaheen Al Ganem, Chief Executive of Warba Bank, one of Kuwait’s leading banks, on Monday rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a $250 million Perpetual Tier 1 Basel III compliant Capital Sukuk. The sukuk instrument …
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Perception that Dubai properties are expensive is wrong: Sanjay Sachdev, MD – sales & marketing, Sobha Group
Property market in Dubai is seeing lot of interest from Indian buyers. Sanjay Sachdev, MD – Sales & Marketing, Sobha Group says that interest from Indian home buyers have inched up considerably due to demonetization and a slowdown in the property market in …
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