Dubai: Equity traders in the UAE are ditching expensive banking shares and opting for relatively cheaper real estate stocks. Emaar Properties shed 22 per cent from April through May and has been …
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Dubai Land Department inks OA deal with Al Masraf
The Dubai Land Department (DLD) has reached an agreement with the Arab Bank for Investment and Foreign Trade (Al Masraf) to manage and service the Owners Association (OA) accounts. The MoU was signed …
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Dubai’s Amlak said to be to restructuring $1.2bn with creditors
Emirates NBD, the United Arab Emirates’ second-biggest lender, Standard Chartered, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Dubai’s Department of Finance and the National Bonds Corp. are among …
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Standard Chartered Bank partners with UAE Exchange for Cash Management Services
The arrangement allows corporate clients of Standard Chartered Bank to deposit cash in their accounts through the 150+ UAE Exchange branches located across the UAE Through this extended partnership, …
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UAE maritime industry becoming hub for leading global companies
The UAE maritime industry is booming and it’s becoming the hub for leading business companies. The UAE-based, Grandweld Shipyards, has announced exceptional results for 2018. The company is taking …
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Tourists can now buy alcohol at registered liquor stores in Dubai
Dubai draws a straight line when it comes to alcohol consumption. Previously visitors could only buy and consume alcohol at licensed venues like hotels, restaurants and clubs. According to Gulf News, …
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Dubai Airport Terminal 2 installs 15,000 solar panels
Michael Ibbitson, Executive Vice President of Infrastructure & Technology at Dubai Airports, and Ahmed Al Shamali, Head of Engineering Standards & Energy Management, at the solar energy …
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UAE: Which Pakistani mango is the sweetest of them all?
We met up with him at the recently concluded first ever mango festival hosted in Dubai by the Pakistan government. He told Gulf News: “The water crisis has not affected. It has been raining a …
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Dubai International’s T3 hit by short power outage
A power outage left Dubai International airport’s Terminal 3 without power for a short amount of time on Monday morning, Dubai Airports said. “Dubai Airports can confirm that there was a power outage …
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First time in Dubai? Here are 5 things you should do
Or how about catching sun rays on a beach popular for kite surfing? You can do all of these things and more during a visit to Dubai. In 2018, Dubai welcomed nearly 16 million international overnight …
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New UAE-based institute to boost students’ Artificial Intelligence skills
This is the first-of-its-kind-institute in the UAE will also train government and industries in AI science and applications. With a Dh160 million five-year-fund for AI projects, Khalifa University of …
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Space flights to take off with new UAE law
The space law is forward-looking and it’s paving the road and environment for the private sector and the space economy. The UAE’s soon-to-be-approved space law will aim to welcome space tourism …
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New Dubai Chamber website provides key business insights
Dubai Chamber of Commerce and Industry has announced the launch of a new website that delivers key insights into the burgeoning markets of Africa. Titled ‘Africa Gateway,’ the online portal acts as a …
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Dubai’s Amlak Close to Restructuring $1.2 Billion With Creditors
Amlak Finance PJSC is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property slump, according to two people with knowledge of …
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Dubai gets Middle East’s largest airport solar energy system
Dubai Airports, the world’s busiest international airport, and Etihad Energy Services Company (Etihad ESCO), a leading energy service company and a wholly-owned subsidiary of Dubai Electricity and …
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Dubai International Airport terminal to be partially powered by the sun
Dubai International’s Terminal 2 now boasts the largest solar energy system of any airport in the region, made up of 15,000 photovoltaic panels installed by Etihad Energy Services Company (Etihad Esco …
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The Middle East’s largest airport solar energy system is ready at DXB
With a capacity of 5MWp, the solar project will generate 7,483,500 kWh energy annually for Dubai Airports, resulting in savings worth AED 3.3 million. The project will reduce existing Terminal 2 load …
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