News

  Dubai / WAM Dubai’s master developer Nakheel announced that it has awarded an AED1.5 billion construction contract for its Al Khail Avenue mall, and said it plans to add a 252-room hotel to the retail hub. The contract to build the billion retail, dining and entertainment complex in Dubai’s Jumeirah Village district was awarded to the UAE-based Dhabi Contracting LLC, ...

  Dubai / WAM The Ministry of Health on Saturday stressed that Panadol Baby & Infant Suspension is safe and said that no warning about the medicine was issued by it or by the manufacturing company. It was responding to claims circulating on social media that the product was not safe. In a statement, the ministry urged the public to not ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), headed a high-level delegation from DEWA in an official visit to Spain, to enhance mutual relationships and exchange best experiences. The delegation gained insight into the achievements of Spanish companies, the best international practices in sustainable energy, the diversification of energy resources. The ...

  Abu Dhabi / WAM In a first in the United Arab Emirates, a team of doctors at Mafraq Hospital in Abu Dhabi succeeded in removing 15 cancerous tumours from the lungs of a young man in an eight-hour surgery that followed chemotherapy for several weeks. The size of the eradicated tumours ranged between 0.8 cm and 8 cm. Doctors did ...

  Dubai / Emirates Business While people around the world wait for the summer season in anticipation of warmer temperatures and family vacations, the majority of respondents in the Middle East and North Africa (MENA) region see winter as the most popular season. In fact, when asked about their favourite season of the year, only 16.7% of respondents to the ...

  Dubai / Emirates Business UAE telecommunications provider du has teamed up with homegrown transport service Careem to offer its enterprise and government customers a flat 15% discount whenever they book a ride. All customers have to do to avail of this service is use the promotion code “DUMOBILE” when booking the service on the Careem app, and they will ...

  ABU DHABI / Emirates Business Bloom Properties — a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities — awarded the main contracting works of ‘Park View’ mixed-use development on Saadiyat in Abu Dhabi to Tharwaa / Al Mansouri 3B Joint Venture. With enabling works for Park View in final stages of completion, site mobilization has also commenced. ...

  Dubai / Emirates Business AAT (the Association of Accounting Technicians), a globally-recognized player in the accounting and finance sector, has joined forces with PAC Professionals & Accountancy Center Dubai to deliver AAT’s highly respected and internationally recognized accounting and finance courses in the UAE for the first time. With over 130,000 members in more than 90 countries, courses offered ...

  CAIRO / Reuters Egypt’s preliminary deal for a $12 billion IMF loan programme can go to the board for approval only if the government secures $5-6 billion in bilateral financing for the first year, Chris Jarvis, the head of the IMF mission in Cairo, said. The International Monetary Fund (IMF) said earlier it had agreed in principle to grant ...

  Reuters Bahrain-based Investcorp is aiming to make one to two new investments in the next year in each of its regions of the United States, Europe and the Gulf, Co-Chief Executive Rishi Kapoor said on Thursday. The investments will help contribute to Investcorp’s goal of more than doubling its assets under management in the next five to seven years ...