Local News

ABU DHABI / WAM Arada, a Sharjah-based real estate developer, has announced a partnership with Dubai Islamic Bank (DIB) to streamline the home ownership process for buyers of Arada properties. The company confirmed that it has sold over 4,000 units in its two projects, Aljada and Nasma Residences, in the past two years. “So far, 2019 has resulted in our ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), has launched a new electronic platform dedicated to prov-ide e-services to main contractors and construction builders. The platform, according to the Musanada, is aimed to facilitate and simplify the tendering process related to subcontractor engagements, enhance the principle of equal opportunities, achieve a better level of transparency and integrity in ...

DUBAI / WAM The World Green Economy Summit (WGES 2019) is set to support Dubai’s efforts to become the global capital of green economy and sustainable development. The Summit, to be held in Dubai from October 20 to 21, will focus on three pillars: glo-bal international cooperation in a green economy, cooperation and international partnership to overcome global challenges, and ...

Dubai / Emirates Business Emaar Properties reported one of the highest half-year sales in Dubai at AED9.443 billion ($2.571 billion) during the first six months of 2019. This is 52 percent higher than the half-year 2018 sales of AED6.229 billion ($1.696 billion), underlining Emaar’s reputation as the first choice for investors and increasing its market share significantly in Dubai. Led ...

ABU DHABI / WAM Adnoc Distribution on Sunday reported that its first-half 2019 net profit increased by 4.3 percent, to AED1.173 billion, compared with the same period last year. Free cash flow (EBITDA minus capital expenditures) generation was up 21 percent year-on-year to AED1.345 billion in the first half of 2019. For the second quarter of 2019, EBITDA was AED750 ...

Abu Dhabi / Emirates Business A delegation from the Abu Dhabi Securities Exchange (ADX), headed by HE Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, visited the Shanghai Stock Exchange. The visit comes as part of the framework of strengthening the comprehensive strategic partnership between the financial markets and exploring and enhancing the partnership and cooperation opportunities for investors ...

RAS AL KHAIMAH / WAM So far 33 countries have confirmed their participation in the first and largest international exhibition for small and medium-sized enterprises, SMEs, which Ras Al Khaimah will host next November, the organisers said. Mohamed Musabbeh Al Nuaimi, Chairman of the RAK Chamber of Commerce and Industry, which is organising the event, said that the event, which ...

Abu Dhabi / WAM The Ministry of Climate Change and Environment (MOCCAE), on Saturday announced the completion of Phase I of its research project to map agricultural areas across the UAE’s northern emirates using drones. Spanning 550 sq kilometres of agricultural lands across Dubai, Sharjah, Ajman, and Umm Al Qaiwain, the first phase mapped as many as 41 categories of ...

DUBAI / Sarah Mahmoud The Dennemeyer Group has 57 years of experience in the provision of international services in the field of intellectual property, such as the payment of annual fees for patents, the renewal of trademarks, filing of Recordals, the strategic consultancy in the field of IP, and advanced software solutions for the effective management of intellectual property as ...

Abu Dhabi / Emirates Business Hub71 announced that seven new startups will bring a significant part of their operations and presence to the Abu-Dhabi based tech hub. The seven startups are specialised in fintech, health tech, travel tech, artificial intelligence (AI), blockchain and social impact. Spanning across many industries, the startups include two Emirati founders who have decided to build ...