Dubai: In what could be a significant boost to its cashflow position, Gulf Navigation Holding has restructured its biggest loan exposure of Dh200 million. As per the new terms, the cost of paying off …
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Million COVID-19 vaccine doses stored, supplied by Abu Dhabi’s dedicated vaccine procurer
Abu Dhabi’s dedicated group purchasing organisation for health-care supplies and equipment — Rafed — has so far overseen the storage and supply of more than a million COVID-19 vaccine doses. The Rafed …
ValuStrat issue Q1 2021 Abu Dhabi real estate market report – Residential capital values on the rise, rents stable
Abu Dhabi real estate review issued by leading local consulting firm ValuStrat – reported that Abu Dhabi’s residential capital values were 4.1% higher than the previous quarter. Residential rental …
Abu Dhabi Winter Shopping Season shows 17pc growth
As our most effective winter season campaign to date, the winter campaign has consolidated Abu Dhabi’s standing as a leading regional shopping destination, amplified with rob …
Abu Dhabi Ports gives initial guidance for 10-year dollar bonds – document
Abu Dhabi Ports on Wednesday gave an initial price guidance of around 145 basis points over mid-swaps for 10-year U.S. dollar-denominated bonds, a term sheet reviewed by Reuters showed, which it will …
UAE cloud-seeding: Residents wake up to light, moderate rainfall in Capital
Many residents in Abu Dhabi woke up to light to moderate spells of rainfall and thunder this morning So far, rainfall has fallen on different parts of the mainland, including Mushrif, Khalidiyah and …
Expo 2020 Dubai’s Italy Pavilion unveils five-metre 3D-printed Michelangelo’s David sculpture
A 3D replica of Michelangelo’s David sculpture has been installed at the centre of the Italy Pavilion at Expo 2020 Dubai. The unveiling follows months of work, including 40 hours of digital scanning …
New cancer hospital in Dubai to provide free treatment for low-income patients
Plans have been unveiled for a new cancer hospital in Dubai which will provide free treatment to low-income cancer patients. The Hamdan Bin Rashid Cancer Charity Hospital is believed to be the UAE …
UAE: Rain expected in Abu Dhabi, Al Ain, Fujairah, strong winds with cloudy skies and rough seas
According to the National Center of Meteorology (NCM), today’s skies are looking partly cloudy to cloudy and dusty at times over some eastern and western areas, such as Fujairah, Abu Dhabi and Al Ain.
IAF airlifts 9 cryogenic oxygen containers from Dubai, Singapore
IAF has been airlifting empty oxygen tankers and containers to various filling stations to speed up the distribution of medical oxygen New Delhi: The Indian Air Force (IAF) airlifted nine cryogenic …
Abu Dhabi’s IHC eyes pioneering solar irrigation system in Egypt
Abu Dhabi-based International Holding Company is building a pioneering solar-powered irrigation system to drive increased energy-efficient agricultural production in Egypt, through its subsidiary, Al …
Temperatures Soar for Dubai’s Super Prime Property Market
Since Dubai property transactions broke a seven-year record in November 2020, predictions started pouring in that the market was headed for …
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Crown Prince: Saudi Arabia in Talks to Sell 1% of Aramco to Foreign Investor
Saudi Arabia’s crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company. Crown Prince Mohammed …
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Besix completes work on French Expo 2020 pavilion
Besix Group, a leading Belgian group with a major presence in the Middle East region, has announced that it has completed the construction of the French country pavilion for the upcoming Dubai World …
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Lleida.net Becomes First Private UAE Pass Provider
The Smart Dubai City Office has authorized Lleida.net as an official UAE Pass Service Provider. UAE Pass is the UAE’s national digital ID.
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Hitachi ABB PG to accelerate green energy transition in UAE
EconiQ portfolio is sustainability-oriented in design to deliver a superior environmental performance compared to conventional solutions.
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Covid-19: UAE 8th on global Resilience Ranking
The UAE’s highly successful Covid-19 vaccination and screening drive has resulted in the country advancing to eighth place worldwide and maintaining first position in the Arab world on Bloomberg’s …