Local News

  Emirates Business A survey of home buyers and investors across the GCC and Egypt has shown that real estate is the number one preferred investment, underlining the buoyancy of the regional property market. The Real Estate Barometer study, conducted by global market research company YouGov in partnership with Cityscape Global, revealed that more than half of respondents (54%) would ...

  Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has announced a mixed-use project in Jumeirah Village Circle (JVC) in Dubai, marking the Abu Dhabi-based master developer’s foray into mid-market housing in the Emirate. Located in the heart of new Dubai, Jumeirah Villa Circle is a family-friendly development designed to provide ...

  Emirates Business Economic growth, rising tourism, and the completion of several mega projects, are the key drivers of the UAE’s professional AV (audio visual) market, with demand for related equipment and services estimated to grow by nearly eight per cent over the next two years, new research has revealed. According to a report by Euromonitor International (EMI), the UAE’s ...

  Dubai / Reuters The Nasdaq Dubai exchange began trading single-stock futures on shares in some of the UAE’s biggest companies on Thursday, a step towards drawing fresh money into UAE equity markets. Nasdaq Dubai’s standardised, exchange-listed futures, or agreements to buy or sell shares at an agreed price on a future date, are cheaper to trade and more transparent, ...

  AJMAN / WAM In a bid to inform students about the Emirate of Ajman’s famous touristic destinations and increase awareness of local tourism, the Ajman Tourism Development Department (ATDD) organised city sightseeing tours for students of Ajman University. The two-day tour coincides with the opening of the new academic year, and a total of 400 students visited the emirate’s ...

  Dubai / WAM Volume on the Dubai Gold and Commodities Exchange (DGCX) touched close to 13 million contracts, growing 43% over the same period last year to record the highest ever volume for this period in over a decade. This year, DGCX recorded an average 75,516 contracts a day, valued at around US$1.70bn. The exchange also registered an impressive ...

  Dubai / Emirates Business Forbes Middle East held an event to recognize the prolonged success of the region’s real estate sector. The event for the first time ranked the Arab world’s Top 100 real estate companies and consultants and celebrated business leaders and the vision of top enterprises and their contribution to the economic development of the Arab world. ...

  Dubai / Emirates Business Leading financial institution, Mashreq, appointed Basker Rangachari as its new head of Marketing & Customer Experience. With more than 29 years of diverse leadership experience across consumer banking, payments services, private equity, retail and consulting, Basker will be responsible for driving the bank’s brand and marketing strategies, customer communications, analytics and digital marketing. Prior to ...

  Dubai / WAM The Roads and Transport Authority (RTA) received a string of brilliant ideas thanks to the initiative launched by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, entitled, ‘Mohammed bin Rashid Smart Majlis Initiative’. 4,077 ideas and improvement observations have been received so far, and 4,040 cases have been ...

  Abu Dhabi / WAM The Abu Dhabi Tourism Development and Investment Company (TDIC) announced the appointment of ART Marine company as operator of its marinas located at the Eastern Mangroves complex and at Marsa Al Bateen. The Eastern Mangroves Marina has 30 berths that can house boats and yachts from 8 to 33 metres long, and Marsa Al Bateen has ...