Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) on Wednesday announced that the value of its direct and indirect contribution to Abu Dhabi’s economy has increased by 26.66 percent in 2017 to reach AED3.89 billion, compared to AED3 billion in 2016. The company shared its 2017 results at a press conference at the Abu Dhabi National Exhibition Centre, ...

DUBAI / WAM Construction is underway on The St. Regis Beach Club on Dubai’s Palm Jumeirah, confirming yet another top-flight dining and leisure destination for the world-famous island, master developer Nakheel announced. The company has awarded a contract worth AED79.7 million to Ghantoot Gulf Contracting to build the exclusive beachfront facility, which will offer unrivalled restaurants, lifestyle and fitness venues ...

DUBAI / WAM Dubai’s Damac Properties reported a total revenue of AED7.5 billion, a 4 percent increase over last year and net profit of AED2.8 billion, according to the company’s financial results for year ended 2017. Damac also announced that it has delivered 20,236 units as of December 31, 2017, marking a milestone for the company and the industry as ...