Geneva: The UAE has been instrumental in integrating values of tolerance and cohesion in its educational system, said Obaid Salem Al Zaabi, UAE’s Permanent Representative to the UN and other international organisations in Geneva. Ambassador Al Zaabi said …
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DUBAI NEWS: 4 of our top stories this week
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has just announced the launch of a new project, Marsa Al Arab. The mega-project will consist of two islands – one of which will be …
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Dubai firm dreams of harvesting icebergs for water
A Dubai firm’s dream of towing icebergs from the Antarctic to the Arabian Peninsula could face some titanic obstacles. Where many see the crumbling polar ice caps as a distressing sign of global warming, the National Advisor Bureau Limited sees it as a …
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Dubai is building two new man-made islands worth $2.3 billion to attract families and rich tourists
when Dubai will host the World Expo 2020 exhibition. Spanning four million square feet, Marsa Al Arab will be made up of two islands, one dedicated to entertainment and family tourism and the other featuring luxury villas and a private marina, state news …
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Now, ‘smart poles’ to light up Dubai beaches at night
The pilot project is aimed at illuminating the beach areas after sunset so that authorities can consider allowing night swimming, Viktor Nelepa, the founder and CEO of the company, told Gulf News. Currently, Dubai Municipality and Dubai Police, the two …
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Dubai’s Next Huge Tourist Project: Artificial Islands
Dubai is pulling out all the stops to achieve its goal of hosting 20 million annual visitors by 2020. Citing state news agency WAM, Reuters reports the United Arab Emirates’ largest city is set to break ground on a $1.7 billion tourist project known as …
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Second UAE REIT launches with Apex as Administrator
It is only the second ever REIT to be listed in the UAE and was the first IPO in the UAE this year. Tim Rose, Head of Real Estate at Emirates NBD Asset Management, said, “Following the successful IPO of ENBD REIT on Nasdaq Dubai, we are pleased to have …
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Saudi Aramco IPO part of Kingdom’s diversification plan
and Dubai (UAE), which established itself as a trade, banking and media hub. At the center of Saudi Arabia’s economic transformation is the IPO (Initial Public Offering) of Saudi Aramco, the state owned oil company and its crown jewel. The Saudi …
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Emirates NBD Bank : 1.8 billion EGP loan for EGAS to boost gas production
04/09 EMIRATES NBD BANK: Capital caps UAE’s first IPO in 2017 04/06 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 04/05 EMIRATES NBD BANK: Capital completes UAE’s first IPO in 2017 03/26 EMIRATES NBD BANK: De-risking takes toll on GCC …
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Aldar Properties : Academies set to manage Adnoc schools
Under the terms of the agreement, Aldar Academies, a unit of Abu Dhabi-based developer Aldar Properties, will operate Adnoc’s schools in Sas Al Nakhl, Ruwais, Madinat Zayed and Ghayathi, beginning in September. The financial value of the agreement was …
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Dubai gets $3b airports finance deal
The Dubai government on Sunday said that it had secured $3 billion in long-term financing for expansion of its airports. The deal, for which HSBC acted as financial adviser, included a $1.63 billion, seven-year conventional loan and a $1.48 billion …
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UAE businesses found unprepared for VAT introduction
The survey by recruitment firm Hays highlights a lack of preparedness in the UAE business community with the implementation of a 5 per cent VAT rate just over six months away. Read: GCC finance ministers to discuss unified VAT regulations in Bahrain On top …
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UAE says it sent military recruits to Yemen island for drill
UAE’s state-run WAM news agency on Monday night described the training on Socotra Island as “intensive,” saying it included battle skills, weapons training and first aid. UAE forces and aid organizations have been on Socotra Island, which sits near the …
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Have you realised what banking is now?
This week, the focus is on access to other markets from the UAE. According to the world bank’s financial inclusion data/global findex report, the total percentage of the UAE population with a formal savings account is 32 per cent. This is despite the …
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UAE A Model For New Oil Market Realities
The United Arab Emirates’ fiscal machine has adapted to the status quo of global oil markets, according to a new report by the International Monetary Fund (IMF) on Monday. The Gulf country is “adjusting well to the new oil market realities,” the IMF …
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RTA launches solar-powered SOS telephones
The Roads and Transport Authority (RTA) has launched solar-powered SOS (emergency) telephones at the cycling track at Seih Al Salam in Dubai. The initiative, which enables cycling track users to report emergency cases to Dubai Corporation for Ambulance …
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UAE Leading The Charge For Cheap Solar
Their bidding model, now being used in other regions, should continue putting downward pressure on solar energy prices worldwide. The price fall began with projects of the Dubai Electricity and Water Agency (DEWA), which is developing the huge Mohammed bin …
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