Bloomberg Emaar Properties PJSC hired Goldman Sachs Group Inc. to manage the sale of shares in its United Arab Emirates real estate development business in Dubai, Chairman Mohamed Alabbar said. The developer of the world’s tallest tower expects to complete the initial public offering by November with a size similar to its Emaar Malls PJSC offering, Alabbar said in an ...

Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced that it will introduce blockchain technology into its cheques as a fraud prevention measure. Termed ‘Cheque Chain’, Emirates Islamic is the first Islamic bank in UAE to undertake this initiative to enhance security in the popular payment method. Emirates Islamic will issue new ...

Dubai / Reuters Dubai-based Aster DM Healthcare is looking at acquisition opportunities in Saudi Arabia, its managing director told Reuters in an interview. This is despite previous delays in payments from the Saudi government, which could have pushed the company to default on a syndicated loan, he said. Aster, which operates hospitals, clinics and pharmacies in the Gulf and India, ...

Dubai / Emirates Business Majid Al Futtaim—the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia— announced on Sunday its new up-coming neighborhood shopping destination in Ras Al Khaimah: My City Centre Al Dhait. The retail pioneer’s expansion into the Northern Emirate comes as part of the company’s strategy to increase its total investment ...

Dubai / Emirates Business Emirates NBD, a leading bank in the region, on Sunday announced that it is the first UAE-based financial institution to obtain General Clearing Member approval from the Securities and Commodities Authority (SCA), UAE. As a General Clearing Member, Emirates NBD can now provide clearing and settlement services to trading participants of the UAE’s equity markets. The ...

Dubai / Emirates Business In line with the initiative of the Year of Giving and its social responsibility, Mohammed bin Rashid Space Centre (MBRSC) employees and engineers visited the Pediatric Department at Dubai Hospital, aiming to bring happiness to children with critical illnesses and provide support to overcome the disease. During the visit, the Centre’s staff held interactive space workshops and ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted its annual Dubai Dialogue conference at its premises which focused on the UAE’s Year of Giving and highlighted the important role that public-private partnerships can play in achieving the objectives of the national initiative. The event, organised by the Chamber’s Centre for Responsible Business, was attended by 150 ...

Dubai / Emirates Business The Internet of Things (IoT) continues to gain a strong footing in the GCC across different sectors ranging from manufacturing and transportation to energy. The vulnerability of IoT to external cyber threats remains high – in fact even higher than traditional IT – a Booz Allen Hamilton report highlighted. The Booz Allen Hamilton IoT Field Guide ...

Dubai / Emirates Business The Dubai-based Najibi Investments announced on Sunday that its Australian development arm, SANAD Capital, revealed the brand of its AED 1 billion active lifestyle destination, which has so far been code named ACTVE. ACTVENTURE, will become the first and largest active lifestyle destination in Australia, bringing families and active sports enthusiast together in one extraordinary location. ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, announced the launch of sales of Casa Viva, marking phase 3 of its family-friendly Serena community at Dubailand from Monday at the newly opened Dubai Properties Sales Gallery on the 9th floor in Vision Tower, Business Bay. The launch of the well-appointed and affordable ...