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ABU DHABI / Emirates Business Employment uncertainty and the rising cost of living continues to build deflationary pressures in the residential leasing market. As a result, residents are becoming increasingly cautious with their spending and gravitating towards affordable housing options, according to the latest Abu Dhabi MarketView by global real estate consultancy firm CBRE. As of Q2 2017, average rentals ...

ABU DHABI / WAM A report by the Industrial Development Bureau (IDB) has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion. The biannual report of the Abu Dhabi ...

Dubai / Emirates Business Reducing a building’s energy consumption and emissions by furthering technological advanc- ements in design, materials and construction techniques are vital to developing Dubai’s future buildings, according to the Head of Region at Zaha Hadid Architects (ZHA). Speaking ahead of his presentation at the Cityscape Global Conference in September, Tariq Khayyat, Head of Region – Middle East ...

SHARJAH / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, inaugurated the Ministry of Foreign Affairs and International Cooperation (MoFAIC) office in the Emirate of Sharjah. Through these new office locations, the ministry seeks to strengthen its services. The new office, located on Maliha Road in Sharjah, provides a range of services, including the certification of ...

ABU DHABI / WAM The Department of Municipal Affairs and Transport at the Abu Dhabi City Municipality (ADM) has announced an initiative targeting fixed-income groups to meet their needs of residential units. At the same time, it offers an investment opportunity to commercial property developers in city. It enables individual landlords, developers and investors to construct new buildings or convert ...

Dubai / Emirates Business Mattar Al Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that public transit means in Dubai comprising Dubai metro, Dubai tram, public buses, marine transit modes (abra, ferry, water taxi, water bus) and taxicabs (Dubai Taxi and franchise companies) have lifted 275,772,000 riders in the first ...

DUBAI / Emirates Business UAE companies are taking corporate and employee wellbeing seriously as evidenced by growing investments in workplace wellness initiatives. The growing recognition of the many positive benefits of wellness programmes not just on employee wellbeing, but also on the overall competitiveness of the organisation are spurring investments on office renovations, additional facilities, sponsoring lifestyle and sporting activities, ...

Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology announced a research breakthrough that provides valuable insights on the development of optimized graphene-based membranes, which aim to make water filtration and desalination more efficient and sustainable. The Masdar Institute is a part of the Khalifa University of Science and Technology. The breakthrough was made by a team ...

ABU DHABI / WAM Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi to Seoul. The aircraft touched down this morning at the South Korean capital’s space-age Incheon International Airport. The new two-class 787 Dreamliner service replaces the Airbus A340-600 aircraft previously operated on the route, and features Etihad Airways’ next-generation Business and Economy ...

DUBAI / Emirates Business Consumers in the United Arab Emirates (UAE) are more ready to adopt artificial intelligence (AI)-powered devices and services than consumers in many other countries, according to new findings from the annual research from Accenture (NYSE: ACN). Based on a poll of 26,000 consumers in 26 countries, the report—the 2017 Accenture Digital Consumer Survey—found that three-fourths (76 ...