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Emaar Development sales up 50% to AED9.35b in H1

Dubai / Emirates Business Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, has recorded an impressive growth in the sale of its residential property launches in Dubai to AED9.350 billion ($2.546 billion), an increase of 50 percent compared to the H1 2018 sales of AED6.234 billion ($1.697 billion). Emaar Development launched 16 new projects during the ...

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UAE welcomes signing of the constitutional declaration in Sudan

ABU DHABI / WAM The United Arab Emirates has welcomed the signing of a constitutional declaration between the military and main opposition coalition in the brotherly nation of Sudan. A statement issued by the Ministry of Foreign Affairs and International Cooperation said that the signing of the agreement between the representatives of the two sides, “is the cornerstone for achieving ...

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AED3.2m Noor Fund to promote Islamic finance

AJMAN / WAM Ajman University and Noor Bank have launched an AED3.2 million waqf (endowment) initiative to promote the Islamic banking and finance industry in the UAE. The move followed a landmark agreement signed between the two parties to establish the Noor Fund for Educational Solidarity that provides, in perpetuity, an endowed professorship and four scholarships in Islamic Banking and ...

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