Emirates Business Mohamed Alabbar, Chairman of Emaar Properties, on Wednesday announced the launch of the company’s first hotel and residences project in Ras Al Khaimah, at the Arabian Hospitality Investment Conference 2018. Located in the Views island of Al Marjan Island, a four-island mega-development, Address Al Marjan Island hotel and residences will be managed by Emaar Hospitality Group’s premium lifestyle ...

ABU DHABI / AGENCIES Aldar Properties has signed a Memorandum of Understanding (MoU) with Hyperloop Transportation Technologies (HyperloopTT), the innovative transportation and technology company, that will allow for the creation of a new HyperloopTT centre including a full scale commercial Hyperloop system, an Hyperloop R&D Advanced Mobility Centre, a Demonstration and Visitor Centre, and an Innovation Hub. The construction site ...

DUBAI / WAM Emirates Islamic Bank has announced a net profit of AED209 million during its Q1 2018 supported by growth in core income, efficient cost management, and an improved cost of risk. The bank’s balance sheet remains strong with improvements in credit quality and liquidity. The net profit was up 2 percent quarter on quarter (q-o-q), and declined by ...