A shows a banner of Dubai’s property giant Nakheel flutters near construction sites and skyscrapers in the Gulf emirate of Dubai. (AFP) Dubai property developer Nakheel has approached banks to …
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Acwa Power appoints Shanghai Electric as EPC contractor for fifth phase of Dubai solar park
Saudi Arabia’s Acwa Power appointed Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the fifth phase of the Mohammed bin Rashid Solar Park in Dubai. The 900 MW …
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Network International to acquire Africa’s leading online commerce platform DPO for $288m
Acquisition to accelerate Network’s Africa growth through online payments and mobile money Dubai: Network International Holdings plc, the Dubai headquartered enabler of digital commerce across the …
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Photos: The 5 most expensive villas launched this year in Dubai
Dubai has continued to witness the launch of ultra-luxury villas and penthouses even during the months of the coronavirus pandemic. The five most expensive luxury properties launched across Dubai in …
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Dubai property developer Nakheel in talks to refinance debt – sources
Dubai property developer Nakheel has approached banks to refinance outstanding debt, sources said, amid an economic downturn which is exacerbating property oversupply problems and has raised concerns …
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Further fall in UAE property values and rents, find out which areas
New poll finds that many UAE residents have already tapped lower rental payouts, many by more than 10 per cent from a year ago. Image Credit: Shutterstock Dubai: UAE property owners and tenants are …
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Key business entities join forces with Dubai Business Events
Dubai Business Events (DBE), the city’s official convention bureau, has signed eight memorandums of understanding (MoUs) with entities across the public and private sector, formalising and reinforcing …
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Rushing to hospital in Sharjah, woman delivers baby in car
An Egyptian couple in Sharjah literally had a “moving” experience as they welcomed their third baby on Sunday morning. Zainab M, in her 30s, gave birth to a healthy 2.6kg baby girl in a moving car as …
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Dogs take a dip in Dubai’s pup water park
Oddly Enough Dogs take a dip in Dubai’s pup water park. Posted . A Dubai-based day-care center for dogs has established a mini-water park where the canines can enjoy a cool splash …
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Dan Holdings Launches Coins App, a Crypto Social Payments Application
Coins App is a global social payments application for the Dan Holdings Blockchain Ecosystem, designed to integrate billions of people into the global world, by empowering them to move money freely acr …
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Abu Dhabi’s Adnoc Weighs Stake Sale in $5 Billion of Properties
Abu Dhabi National Oil Co. is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign …
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First Abu Dhabi Bank Joins Mideast Lenders in Raising Provisions
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad loans brought on by the coronavirus pandemic.
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First Abu Dhabi Bank profit drops 25% as impairments up again
DUBAI – First Abu Dhabi Bank, the United Arab Emirates’ biggest lender, reported a 25% fall in quarterly profit on Tuesday, dragged down by another quarter of higher impairment charges. Its …
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Coronavirus news bulletin from UAE: 47 infected…
Here’s a round-up of all the latest Covid-19 developments you need to know: 47 infected with Covid-19 after family gatherings in UAE A top UAE government official has warned against hosting gatherings …
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‘Rediscover Abu Dhabi’: 5 of the best staycation offers to take advantage of
The new initiative aims to give residents a chance to reacquaint themselves with the emirate The Department of Culture and Tourism Abu Dhabi has launched a new campaign that focuses on highlighting …
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Capex of UAE telcos increases 49% in second-quarter amid weak revenues
Etisalat and du have increased their network capacity to sustain an increase in data traffic due to remote learning and work from home initiatives …
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Technology infuses ancient hajj rites amid global pandemic
The vast white marble floors surrounding Islam’s holiest site, the cube-shaped Kaaba in Mecca, would normally be packed with hundreds of thousands of …
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