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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...

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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...)

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 ... ( read original story ...)