Promoth Manghat, the chief executive of UAE Exchange – the biggest foreign exchange network in the Emirates and the GCC – said he expected more consolidation in the industry to follow. This, he said, follows new Central Bank regulations on capital …
( read original story …)
DUBAI NEWS: Our top stories this week
1. Sean Connolly to open Dubai Opera restaurant in September Prominent chef Sean Connolly is stepping up to the task with a contemporary brasserie serving steak and seafood, opening this September. ‘Sean Connolly at Dubai Opera’ will have an informal …
( read original story …)
Lacklustre Rental Market Weakens Yields for UAE Property Investors
In six months to March 2017, rental yields fell in 15 of Dubai’s 23 apartment neighbourhoods and in 11 of the city’s 16 villa districts Abu Dhabi yields also broadly down, while Northern Emirates hold steady Yet yields remain excellent versus …
( read original story …)
UAE- Work at full tilt at Mohammed Bin Rashid Solar Plant’s R&D Centre
DUBAI, 23rd July, 2017 (WAM) — The Senior Management of Dubai Electricity and Water Authority, DEWA, has got firsthand experience of the progress of work at the Research & Development, R & D, Centre, at the Mohammed bin Rashid Al Maktoum Solar Park, in …
( read original story …)
Almost 50% of Dubai SMEs expect business conditions to improve in Q3
Almost half of the small and medium-sized enterprises (SMEs) in Dubai are optimistic that business conditions in the emirate will improve in the third quarter of the year, according to a new survey by the Dubai Chamber of Commerce and Industry. Around 49 …
( read original story …)
TECOM Group to Develop Emirates Towers Business Park
TECOM Group, a member of Dubai Holding, announced its appointment to develop and operate the recently announced “Emirates Towers Business Park”. In accordance, the Group has appointed Fareed Abdulrahman Al Janahi as Chief Executive Officer of the …
( read original story …)
Most Dubai bosses ‘positive’ about Q3 business prospects
Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey. The poll conducted by the Dubai Chamber of Commerce and Industry revealed that 39 …
( read original story …)
Philips Lighting first with renewable energy certificates in the Gulf region
Philips Lighting has announced the purchase of traceable renewable electricity from Dubai Electricity and Water Authority (DEWA) Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Through collaboration with ECOHZ, Philips Lighting is among the first …
( read original story …)
Dewa’s R&D facility set for 2020 launch
Dubai Electricity and Water Authority (Dewa) said work is progressing at a steady pace on its Research & Development (R&D) Centre being built at a cost of Dh500 million ($136 million) at the Mohammed bin Rashid Al Maktoum Solar Park. Leading international …
( read original story …)
DEWA’s $136m R&D facility to be completed by 2020
RELATED ARTICLES: DEWA completes 88% of $46m water pipeline project | DEWA reviews progress of MBR Solar Park Phase 3 | DEWA awards contracts worth $25.9m for low-voltage cables Dubai Electricity and Water Authority’s (DEWA) Research & Development (R&D …
( read original story …)
Al Tayer Motors opens its largest eco-friendly, multi-purpose facility in the UAE
including a 660kW rooftop solar power generating system, said the company. The system will be able to meet the power requirements of the facility and has the potential to supply electricity back into the Dubai Electricity and Water Authority (Dewa …
( read original story …)
UAE touts film linking rival Qatar to 9/11 attacks
None was Qatari. Rami Khouri, a respected columnist and journalism professor at the American University of Beirut, wrote on social media that the situation showed that news outlets in UAE, Saudi Arabia and Egypt were losing their credibility.
( read original story …)
UAE Vice-President meets Abu Dhabi Crown Prince
Abu Dhabi: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and the Ruler of Dubai, met His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed …
( read original story …)
Abu Dhabi Ports said to weigh IPO amid UAE listing spree
Abu Dhabi National Oil Co selected underwriters and advisers for an IPO of its gas stations unit … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)
Abu Dhabi Ports Weighs IPO Amid U.A.E. Listing Spree
Abu Dhabi Ports Co. is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, according to people familiar with the matter. The government-run ports operator has met with …
( read original story …)
As hedge funds bet on falling oil, traders see a different story
London: Hedge funds are still holding large bearish bets against oil and … is priced at $4.45 a barrel under the benchmark Dubai, the strongest pricing since the country started exporting it in June 2015. In the world of sweet crude, differentials …
( read original story …)
This is where the UAE economy is headed: CEOs
But despite all the current headwinds that may be putting pressure on the economy, business conditions in the UAE will remain positive for the rest of the year. That’s the sentiment gathered from the majority of heads of companies across the emirates.
( read original story …)