Omniyat signs $136m facility with Ajman Bank

Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for Dh500 million ($136 million) for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay. The project is a cooperative partnership between Omniya ... ( read original story ...)

Abu Dhabi speeds CNG conversions for vehicles

In an interview with Gulf News, Mahir Al Syed Ali, manager at the Abu Dhabi Technical Services Centre of Emirates Transport, said: “We generally focus on converting government and commercial vehicles but it’s entirely open for private vehicle owners ... ( read original story ...)

The UAE breaks ground on iconic pavilion at Expo 2020

Dubai: The UAE has broken ground on its pavilion at Expo 2020 Dubai, with Shaikh Ahmad Bin Saeed Al Maktoum, chairman of the Expo 2020 Dubai Higher Committee, laying the foundation at a ceremony on Sunday. The event also included the signing of the ... ( read original story ...)

Dubai Frame opening date not decided yet: DM

The official called on the public not to circulate such false news and verify the information through the official channels of the Municipality. “Dubai Frame is one of the unique projects that Dubai Municipality is keen to implement. It is an aesthetic ... ( read original story ...)

Visitor molested boy during Dubai Fountain show

Dubai: A visitor has been accused of molesting a 13-year-old boy while he was watching the dancing water show at the Dubai Fountain at Dubai Mall, heard a court on Sunday. The Saudi boy was said to be standing at the edge of the balcony watching the Dubai ... ( read original story ...)

Dubai real estate market an ‘investment destination’

UAE-based Arenco Real Estate sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and available to investors. Home to more than 200 nationalities, Dubai is one of the world’s most diverse places to ... ( read original story ...)

Watch: Dubai Safari closed due to heavy rain

Heavy rains in Dubai flood roads and pavements causing disturbance to traffic and pedestrians in the early hours of the day. (Photo: Clint Egbert/Gulf News) “School buses usually leave by 2.15 pm but left at 1.15 pm as the last period was cancelled. ( read original story ...)

The Irishman fronting the UAE’s biggest IPO in a decade

Irishman John Carey is fronting the biggest initial public offering (IPO) in the United Arab Emirates in over a decade in a deal worth 3.31 billion dirhams (€767 million). Carey, who worked for 17 years at oil giant BP in senior roles around the globe ... ( read original story ...)

ADNOC Distribution Jumps 16% At Market Debut In UAE

ADNOC Distribution, the fuel retail unit of the UAE’s state oil firm ADNOC, made a strong debut on the Abu Dhabi Securities Exchange on Wednesday, opening 16 percent higher than the price set in the initial public offering (IPO). Shares in ADNOC ... ( read original story ...)