… attract penalties from both the Dubai Municipality and the economic department {Dubai Economy} if they are caught violating this rule, a senior official told Gulf News on Wednesday. In notices posted at salons and women’s beauty centres, the …
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Aldar Properties Announces 5% Increase in Gross Profit for H1 2017
Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, today announced its financial results for the first half of 2017, recording a 5% increase in gross profit to AED 1.29 billion …
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UPDATE 1-UAE’s Aldar Properties Q2 net profit falls 5.6 pct on lower revenues
ABU DHABI, Aug 3 (Reuters) – Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a 5.6 percent drop in second-quarter profit on Thursday amid a double-digit drop in revenue. The results come against a backdrop of a …
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BRIEF-Abu Dhabi’s Aldar Properties Q2 profit falls
* H1 NET PROFIT 1.26 BILLION DIRHAMS VERSUS 1.31 BILLION DIRHAMS YEAR AGO * 1.8 BILLION DIRHAMS DEVELOPMENT SALES VALUE IN FIRST SIX MONTHS WITH 600 MILLION DIRHAMS CONTRIBUTION FROM SUCCESSFUL LAUNCH OF BRIDGES Source:(bit.ly/2wnrRyL) Further …
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Aldar Properties gross profit up 5pc in H1
Abu Dhabi-based Aldar Properties, a leading property development company, has posted a gross profit of Dh1.29 billion ($351 million) for the first half (H1) of 2017, as against Dh1.23 billion in H1 2016, marking a rise of five per cent. The company …
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Aldar Focuses on Mid-Market Properties as Quarterly Profit Drops
Aldar Properties PJSC plans to develop more mid-market residential homes in Abu Dhabi and focus on boosting recurring income, its chief financial officer said after second-quarter revenue tumbled. The builder of the Ferrari theme park posted a 5.7 percent …
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How an investor can ride the Dubai property cycle
Investment. Property. Real estate. Timing. Vocabulary that is eminent in Dubai, and given the expanse of widespread analysis about the real estate market at the moment, there is need to deliberate on the significant phases that Dubai’s realty market is …
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WETEX 2017, Dubai Solar to show showcase crucial renewable and clean energy solutions
Technology Exhibition, WETEX 2017, organised by the Dubai Electricity and Water Authority, DEWA, from 23rd to 25th October. The exhibition, held under the directive of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and …
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A Different Story from the Middle East: Entrepreneurs Building an Arab Tech Economy
Instead, Amazon—apparently impressed by Souq.com’s management team, its technology, and its ability to navigate a complicated region—decided on a different strategy. A week after the announcement, at the Step Conference in Dubai, one of the most …
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UAE’s Produce Import Ban Shines Light on Food Security Dilemma and Indoor Ag Opportunity
For Scott, technology is a major part of the food security solution in the UAE— in particular controlled environment agriculture (CEA) — which could have the knock on effects of increasing produce quality and lowering prices. You Say You Want a Revolution?
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Robot pharmacist to serve visitors of Dubai Hospital pharmacy
Dubai Hospital will be using the technology to dispense prescribed medication with the click of a button based on bar codes, minimising human error. The robot will also reduce customer waiting time as it can store up to 35,000 medicines and dispenses …
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UAE consumers rank high in appetite for artificial intelligence, Accenture research finds
And the UAE AI/Robotics Good Award is fostering creative innovations that will deliver life-changing benefits in healthcare, education and humanitarian aid. These experiences are spurring demand in the country for smart devices and new technologies.
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Moroccan delegation praises level of police services in UAE
She also praised its system of training, its efforts of raising its staff efficiency and its deployment of modern technology in its various departments, as well as its keeping pace with the latest developments and international field applications to …
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‘No one wants to hire a foreigner’: Egyptian immigrant who spent $7,000 on an Australian visa forced to leave the country – because ‘Australian employers won’t give migrants jobs’
Suzan and Rafic Aliny moved to Australia in March from Dubai on the advice of her brother who fell in … He works as a software engineer, working with sophisticated and intricate technology that is only used by the government and army, but because he …
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Abu Dhabi traffic accident deaths down 19pc in H1
the official Emirates news agency, citing the General Command of the Abu Dhabi Police. Colonel Ahmed Al Shehhi, deputy director of the Traffic and Patrols Department at the Abu Dhabi Police, said that the improvement in the levels of traffic safety in the …
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Dubai homes have room to grow
This translates into more choice for tenants and, consequently, lower rents. Property consultants Cavendish Maxwell estimate 30,402 homes to be completed in Dubai by the end of 2017. The break-up is 24,259 apartments, 3,778 villas and 2,365 townhouses …
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Cavendish Maxwell opens office in Oman
Cavendish Maxwell, the UAE-based property consultancy, is strengthening its Middle East presence with the opening of a new office in Muscat, Oman. It marks another key milestone for the firm following the successful relocation of its Abu Dhabi office in …
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