Dubai: Monetary data form the Central Bank of UAE for August showed a monthly drop in system-wide credit and deposits in the banking sector. Gross credit fell by 1 per cent month on month in August, with domestic loans contracting by a greater 1.3 per cent.
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Abu Dhabi expects 3.16% GDP growth in 2018
Abu Dhabi: Abu Dhabi expects real GDP growth of 3.16 per cent in … We gauge investors’ confidence on a monthly basis and we see some kind of optimism.” “I think there has been news that may be five or six IPOs are expected in the last quarter …
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Boy calls Dubai Police threatening to commit suicide
Dubai: A 13-year-old boy who called Dubai Police threatening to commit suicide because his mother abandoned him in their flat was counselled and moved to a shelter in Sharjah. The terrified child informed the control room that his mother was travelling …
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Dubai Properties’ Bellevue Towers Marks Key Construction Milestone
Dubai Properties, a leading Dubai-based real estate master developer of renowned destinations across the emirate, today announced the completion of the raft casting at its Bellevue Towers residential project. Valued at more than AED200 million, the two …
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Dubai Properties’ Bellevue Towers marks major construction milestone
RELATED ARTICLES: Dubai Properties to hand over Marasi residential tower in 2020 | Dubai Properties releases additional Arabella townhouse units | Dubai Properties begins work on Marasi Business Bay marina Dubai Properties has announced the completion of …
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NBK unit closes $95m Dubai school property deal
NBK Capital Partners, the private equity arm of National Bank of Kuwait, said it has completed the acquisition of the Dubai campus of a K-12 international curriculum school in a sale-leaseback transaction. This comes in line with the firm’s strategy to …
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Emaar to Manage Dubai Frame
Real estate giant Emaar has signed a memorandum of understanding (MoU) with Dubai Municipality to market and promote the latest landmark, Dubai Frame, which is set to open next month. As per the agreement, the company will provide guidance on the operation …
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Shabab Al Ahli Dubai ink deal with Nakheel
Dubai: Shabab Al Ahli Dubai Club has announced a new sponsorship agreement with Dubai-based property developer Nakheel. Khalifa Saeed Sulaiman, the chairman of the higher committee for the merger of Shabab Al Ahli Dubai and Ali Rashid Lootah, chairman of …
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Dubai’s Nakheel Takes Dh6.5 Billion Worth of Real Estate to Germany for Expo Real 2017
Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than AED6.5 billion (EUR1.5 billion) as it exhibits at Expo Real for the first time. The only UAE developer exhibiting at …
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Emaar Properties lifts Dubai index, but outlook bearish
Dubai: Mild buying in Emaar Properties helped the Dubai index close in the positive zone, but the overall outlook remains bearish as long as the gauge trades below the key resistance level. The Dubai Financial Market General index closed 0.45 per cent …
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RCR Arquitectes completes “serene and restrained” Dubai apartment building with sea views
Catalan studio RCR Arquitectes designed the Muraba Residences for a site on the Eastern Crescent of Dubai’s Palm Jumeirah – an artificial archipelago created in the Persian Gulf that was created to accommodate seafront properties, hotels and resorts.
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Abu Dhabi Is Said to Weigh Raising About $10 Billion From Bonds
Abu Dhabi, home to about 6 percent of the world’s oil reserves, is said to be considering raising about $10 billion from a dollar bond sale as early as Tuesday to help plug a budget deficit. Encouraged by Saudi Arabia’s $12.5 billion sale last week …
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Dubai announces 30-day fitness challenge
Dubai: A fitness challenge to encourage people to exercise and take part in sports was launched on Monday by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Sports Council. Shaikh Hamdan called on everyone to …
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Electric-car incentives added in, remarkably, oil-rich Dubai
Dubai, the second largest sheikdom in the United Arab Emirates, has introduced new incentives in an attempt to make electric cars more desirable. Battery-electric and plug-in vehicles often go overlooked in the oil-rich area, but even some of the world’s …
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Dubai hospedará el mayor congreso internacional sobre desalinización de agua
La Dubai Electricity and Water Authority (DEWA) anunció que Dubai hospedará el International Desalination Association’s 2019 World Congress sobre desalinización el agua. Anteriormente, ese congreso se había celebrado en Dubai en el año 2009.
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Kareena Kapoor to open jewellery store in Dubai
Kareena Kapoor Khan will inaugurate two jewellery stores in Dubai on Thursday. The brand ambassador for Malabar Gold & Diamonds will appear at their Meena Bazaar branch at 6.30pm, followed by a visit to their new showroom in Al Barsha at 8.30pm.
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Dubai Will Issue First Ever State Cryptocurrency
The local government in Dubai has officially launched its own cryptocurrency called emCash, according to announcements by local news media outlets. The cryptocurrency would be used for payment of governmental and nongovernmental services. According to Ali …
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