The Dubai Electricity and Water Authority (DEWA) plans to build three new substations in the emirate with an allocated budget of Dhs1bn, it announced on Saturday. The 400 kilovolt (kV) substations will be built over the next three years, a statement said. ( read original story ...)
Dubai sees rise in off-plan property sales
Dubai registered a 45 per cent increase in the sales of off-plan residential properties in the first quarter of the year, compared to the previous quarter, a new report has found. According to the report by Chestertons, the number of transactions for ready ... ( read original story ...)
Nasdaq Dubai optimistic about 2017 after robust performance
Dubai: After many achievements last year, Hamed Ali, the chief executive of Nasdaq Dubai still has a full plate and is optimistic about 2017. Just over three months into the year, Nasdaq Dubai is on a firm footing with six listings so far. “We are ... ( read original story ...)
Most UAE expats to enjoy better money transfer rates this year
Dubai: Many expatriates in the UAE will continue to benefit from favourable exchange rates for the rest of the year as the US dollar is forecast to strengthen further. The American currency has been on a winning streak against a number of currencies from ... ( read original story ...)
UAE pledges $68m to support Syrian refugees
The UAE has pledged Dhs250m ($68m) to support education for Syrian refugees. State news agency WAM reports that the sum was announced at the Supporting the Future of Syria and the Region conference in Brussels on Wednesday and is intended to help Syrians ... ( read original story ...)
Indonesia seeks $10b in investments from UAE
ABU DHABI: Indonesia is targeting $10 billion (Dh36.7 billion) investments from the UAE in a wide range of sectors including oil and gas, hospitality and power generation, the country’s ambassador, Husin Bagis, told Gulf News in an interview on Thursday. ( read original story ...)
Business Growth in UAE’s Private Sector Taps 25-month Highs
The UAE’s non-Oil private sector registered strong growth in March, in line with the trend so far this year, according to Emirates NBD’s monthly survey. Growth in the sector was led by expansion in business activity, which touched a 25-month high, the ... ( read original story ...)
Hyperloop One begins hiring as it prepares to open Dubai office in September
“We are set to open our first international office here in Dubai in September,” he told Gulf Business. “The focus [in the local office] will on be on project development, engineering, prototyping – basically everything we do in Los Angeles. ( read original story ...)
Apparel, footwear largest retail segment in Dubai
Dubai’s apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the emirate’s retail sector, according to new analysis released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress ... ( read original story ...)
Exova, McDermott sign deal for testing services
Exova, a global testing company, has been awarded a contract with McDermott to deliver a range of testing services for offshore fabrication projects in the UAE’s oil and gas sector. McDermott is a leading provider of integrated engineering, procurement ... ( read original story ...)