News

  Bloomberg A home on Manhattan’s Upper East Side sold for $79.5 million, according to property records made public, making it the highest price ever paid for a townhouse in the borough. The 20,500-square-foot property, at 19 E. 64th St., had been owned by the Wildenstein family, billionaire art dealers whose gallery was located at the site for more than ...

  ABU DHABI / WAM The Infrastructure and Environment Committee of the Executive Council of Abu Dhabi approved several infrastructure projects. These projects come to meet the growth and sustainability needs of the region and were adopted as part of the Abu Dhabi plan at a total cost of AED74 million. The Committee approved the awarding of the operation and ...

  Dubai / Emirates Business UAE, represented by the Ministry of Finance (MoF), signed an agreement for protection and promotion of investment with Angola, on Ministry’s premises in Dubai. The agreement comes in line with the Ministry’s strategy to expand its network of international relations and protect investments abroad. The agreement was signed by HE Obaid Humaid Al Tayer, Minister ...

  Dubai / Emirates Business Emirates NBD Capital Limited (EMCAP), the investment banking division of Emirates NBD PJSC, one of the largest banking groups in the Middle East by assets, has successfully completed its role in the landmark IPO of ENBD REIT, which admitted shares to trading on Nasdaq Dubai on March 23. EMCAP acted as Listing Advisor to ENBD ...

  Dubai / Emirates Business The rise of the digital economy has catapulted the GCC into a position of significant market opportunity that serves as an emerging market advantage for the development of a flourishing fintech ecosystem. With the UAE and Saudi Arabia leading the way, the region has some of the world’s highest rates of mobile and internet penetration, ...

  Abu Dhabi / WAM A national poll on nuclear energy has shown that 83 percent of UAE residents are in favour of the UAE Peaceful Nuclear Energy Programme. The research shows some of the highest favourability rates for nuclear energy in the world and is now at 83 percent, an increase of 13 percent since the last poll conducted in ...

  Abu Dhabi / Emirates Business A spectacular fireworks display brought the 10-day Mother of the Nation Festival to a dazzling close having welcomed 197,316 visitors to the capital’s Corniche Beach for more than 100 live performances, intellectual discussions and an extensive array of engaging activities. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the Festival’s second ...

  Dubai /  WAM Dubai-based carrier flydubai and the German aircraft seat manufacturer Recaro Aircraft Seating will continue their long-standing partnership, the two companies announced on Wednesday at the Aircraft Interiors Expo in Hamburg. The carrier will equip its new Boeing 737 MAX 8 aircraft, scheduled to enter service in the second half of 2017, with Recaro Aircraft Seating’s global ...

  Ajman / WAM Human Appeal International (HAI) spent AED111 million in 2016, as part of the charity organisation’s “Orphan’s Relief” project, to provide assistance and care for orphans in and outside of the UAE. Through the Orphan’s Relief project, HAI was able to provide aid to 115,000 orphans in the UAE, Jordan, Lebanon, Palestine, Sudan, Bosnia, Kyrgyzstan, India, Somalia, Yemen ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, was briefed on the implementation of the project to construct Al Wasl Plaza, the central hub of the Expo 2020 site. Accompanying HH Sheikh Mohammed at the briefing were Crown Prince of Dubai HH Sheikh Hamdan bin ...