News

  Bloomberg Singapore’s three-year decline in home prices could see relief from an unexpected quarter in 2017: Hong Kong. So says Cushman & Wakefield Inc., which expects the slide in the city-state’s home prices to end this year as foreign investors turned off by Hong Kong’s move to increase the stamp duty for overseas buyers look to Singapore instead. Desmond ...

  ABU DHABI / WAM The Emirates Maritime Arbitration Centre (EMAC) hosted the first of its series of 2017 events in Abu Dhabi to further promote its services to local maritime stakeholders. The event featured a panel of key speakers from EMAC. With an audience of legal professionals and representatives from the maritime and oil and gas sectors, the panelists ...

  DUBAI / Emirates Business The UAE is leading an innovative strategic shift in using CCTV from citizen security to Smart City quality of life services. Across the UAE, public and private sector organizations have installed thousands of CCTV cameras. For example, the Abu Dhabi government’s recently-launched Falcon Eye system is monitoring transport infrastructure to better manage traffic flow. As ...

  Dubai / Emirates Business According to the latest report issued by Dubai Land Department (DLD), Dubai’s real estate market experienced a strong start to the year, generating transactions worth up to AED 12 billion during the first 15 days of January 2017. His Excellency Sultan Butti Bin Mejren, Director General of DLD said, “The growth achieved in the fourth ...

  Abu Dhabi / WAM Leaders from government, business and academia convened on Wednesday in Abu Dhabi for the second annual Women in Sustainability, Environment and Renewable Energy, WiSER, conference under the theme ‘Practical steps towards sustainable innovation.’ The event was organised by Masdar in partnership with the Zayed Future Energy Prize. The conference, a key event at Abu Dhabi Sustainability ...

  Abu Dhabi / WAM The National Central Cooling Company (Tabreed) the leading UAE-based district cooling utility company, on Wednesday announced the acquisition of a district cooling plant from International Capital Trading (ICT). The acquisition will strengthen Tabreed’s portfolio to 71 district cooling plants throughout the GCC, and add more than 11,500 Refrigeration Tons , RT, of cooling to its existing ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) launched its artificial intelligence ‘chat-bot’, called Rammas, on its Facebook page, with further installations on other social media platforms to follow. This supports the directives of the wise leadership to achieve the UAE Vision 2021 to make the UAE one of the best countries in the world. DEWA has adopted innovation ...

  Abu Dhabi / WAM The Sawab Centre, a joint UAE-US initiative to combat Daesh’s online propaganda and promote positive alternatives to extremism, has announced the launch of a social media campaign to highlight Daesh’s myriad atrocities and crimes against humanity. The campaign will also focus on the Global Coalition Against Daesh’s significant progress in eroding the terrorist group’s military and ...

  Abu Dhabi / WAM The Gulf Cooperation Council Interconnection Authority (GCCIA) is looking forward to a promising energy market, hoping to earn up to US$1 billion annually, over and above its operational costs. It is also planning to launch an electronic system for energy trade and conduct a study on the electrical interconnection network expansion this year. Ahmed Bin Ali ...

  Ras Al Khaimah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, paid his respects on the nation’s martyrs Ahmed Abdul Rahman Al Tunaiji and Ahmed Rashid Al Mazrouei. The two martyrs, along with other compatriots, were on a humanitarian mission when they were killed ...