Local News

Dubai / WAM Dubai Real Estate Institute (DREI) the educational arm of the Dubai Land Department (DLD), has announced that it is organising an ‘Urban Thinkers Forum’ in strategic partnership with the United Nations, UN, the World Economic Forum, WEF, and the International Monetary Fund, IMF. The three-day forum, which will focus on exploring technological solutions for future cities, will ...

Abu Dhabi / WAM Louvre Abu Dhabi on Wednesday announced it will open its doors to the public on November 11. It is the first museum of its kind in the Arab world: a universal museum that focuses on shared human stories across civilisations and cultures. The opening celebrations will include a wide range of public programmes, including symposia, performances, ...

Dubai / Emirates Business Azizi Developments, a fast growing Dubai-based real estate developer operating in the UAE for over a decade, has announced the completion and delivery of three new residential projects in Al Furjan in a span of just 20 months. The launch of the three projects — Azizi Daisy valued at AED175million, Azizi Freesia valued at AED128million and ...

Abu Dhabi / WAM The Etihad Aviation Group (EAG) on Wednesday confirmed Abdul Khaliq Saeed as the new Chief Executive Officer for Etihad Airways Engineering, replacing Jeff Wilkinson, who is leaving the post after 11 years with the company. Saeed brings over 35 years of international maintenance, repair and overhaul (MRO) industry experience, and joins Etihad Airways Engineering from Abu ...

Dubai / Emirates Business The Dubai Land Department’s annual report for 2016 underscores the huge success of Dubai in particular in attracting property investors, registering a total of 60,595 real estate transactions collectively worth over AED 259 billion. Falconcity of Wonders LLC (FCW) will showcase the latest developments within its FCW multipurpose mega project during the 16th edition of Cityscape Global, ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), revealed statistics for the second quarter of 2017 on the nation’s most popular mobile phone handsets. Investigating the current state of the market, the report reveals the market share of mobile phones in the UAE by manufacturer and model. According to the report, during the period April 1 to June 30, 81.5 ...

Dubai / Emirates Business Dubai Maritime City Authority (DMCA) continues monitoring, inspection and follow-up on the work of floating restaurants to ensure compliance with international standards and best practices in line with its efforts to enhance maritime safety, operational efficiency and safe navigation within Dubai’s territorial waters. The move is a continuation of efforts to encourage the adoption of best ...

ABU DHABI / WAM The net income of Abu Dhabi-based commercial banks amounted to AED9 billion during Q2 2017, a growth of 4.1 percent from AED8.64 billion during the corresponding period in 2016. Net interest income amounted to AED5.268 billion during Q2 of 2017, accounting for 58.5 percent of commercial banks’ net income in the Emirate, according to the Statistics ...

FUJAIRAH / WAM Foreign investments in the Fujairah Free Zone amounted to more than AED8 billion, with FFZ Authority accommodating more than 3500 companies from over 44 countries. Sharief Habib Al Awadhi, Director General, FFZA, has stated, “FFZ is witnessing growing demand on the part of investors wishing to establish different types of projects, especially in the oil and logistics ...

DUBAI / Emirates Business Shuaa Capital announced that its real estate asset management division will be managing the development of a new mixed-use AED1.5bn skyscraper on Sheikh Zayed Road, Dubai. The project, details of which will be unveiled at next week’s Cityscape Global Conference and Exhibition in Dubai, is intended to serve the ever-growing demand in the UAE’s residential, tourism ...