Emaar hires Goldman Sachs to manage IPO of real estate unit

The malls unit IPO raised about $1.58 billion in 2014 and is the largest share sale in the UAE in the past nine years, according to data compiled by Bloomberg. Emaar, listed on the Dubai Financial Market, announced plans to spin-off its real estate unit on ... ( read original story ...)

UAE President issues directives to address humanitarian cases

according to UAE News Agency (WAM). These measures were in line with the statement issued by the UAE that severed ties with the State of Qatar for the pretexts mentioned in the resolution and its procedures. The official statement also underscored the UAE ... ( read original story ...)

UAE Pavilion officially opens at Expo 2017 Astana

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chairman of the Higher Committee of Expo 2020 Dubai, today inaugurated the UAE pavilion at Expo 2017 Astana. H.H. Sheikh Ahmed bin Saeed Al ... ( read original story ...)

Police release CCTV footage of Abu Dhabi killer

Dubai: Social media users have been circulating CCTV footage of the suspect moments before he killed 11-year old Azan Majid Janjua. Abu Dhabi Police released the video footage on June 10, 2017, almost two weeks after the incident happened. In the 20-second ... ( read original story ...)

World’s largest banknote on show in Dubai

Dubai: The world’s biggest banknote — which is larger than an A4 sheet of paper — is on show in Dubai. The note, which measures 35.6cm by 21.6cm, was printed by the Philippine Central Bank in 1998, to mark the 100 years of independence. Only 1,000 of ... ( read original story ...)

Dubai business conditions improve in May

Private sector business conditions in Dubai recorded robust improvement in May with output and new orders expanding, but the growth momentum eased to a seven-month low. Emirates NBD's Economy Tracker Index, which tracks business confidence across the non ... ( read original story ...)

Dubai’s private sector growth eases to seven-month low

Business conditions in Dubai’s private non-oil sector slowed down, with growth easing to a seven-month low, according to the monthly index from Emirates NBD. Although output and new orders expanded, the seasonally adjusted Emirates NBD Dubai Economy ... ( read original story ...)

Dubai SME backs more than 23,000 entrepreneurs

More than 23,000 Emirati entrepreneurs have received business consultancy services from Dubai SME since its inception and the agency has also supported the launch of over 4,000 projects. Sami Al Qamzi Dubai SME has also been successful in securing nearly ... ( read original story ...)