Aldar Properties : proposes 11% dividends for 2016

Abu Dhabi - Mubasher: Aldar Properties said its board recommended 11% cash dividends, equivalent to 11 fils per share, for the fiscal year 2016, according to a statement. Total recommended dividend payout stood at AED 865 million for FY16. The company's ... ( read original story ...)

Dubai announces passenger drone plans

Media captionThe drone was first unveiled at the CES tech fair in 2016. A drone that can carry people will begin "regular operations" in Dubai from July, the head of the city's Roads and Transportation Agency has announced at the World Government Summit. ( read original story ...)

Abu Dhabi’s New $125 Billion Sovereign Fund Is Taking Shape

Abu Dhabi is close to finalizing the merger of two of its largest sovereign wealth funds -- Mubadala Development Co. PJSC and International Petroleum Investment Co. The combined entity, which will be known as Mubadala Investment Co., will become the ... ( read original story ...)

Dubai aims to launch hover-taxi by July

DUBAI has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July. The test of the one-man electric vehicle comes as the city state in the United ... ( read original story ...)

Property Manager – Dubai Jobs

• Property contracts management with tenants by negotiating leases; collecting security deposit. • Accomplishes financial objectives by collecting rents; paying bills; forecasting requirements; preparing an annual budget; scheduling expenditures ... ( read original story ...)