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Abu Dhabi realty sector shows upward trend

ABU DHABI / WAM A total of 1104 buildings have been completed in the Emirate of Abu Dhabi during Q3 2017, a growth of 3.6 percent from 1066 buildings during corresponding period 2016, in a yet a fresh sign reflecting the significant improvement in the realty sector in the emirate, which is considered among the key economic platforms in the ...

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UAE central bank: M2 hits AED1248.8 billion

ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 0.4%, from AED1244.1 billion at the end of October 2017 to AED1248.8 billion at the end of November 2017. In a statement, the bank added that the Money Supply aggregate M1 decreased by 0.3%, from AED492 billion at the end of October ...

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UAE launches locally made dual-use unmanned vessel

DUBAI / WAM The UAE-based Al Marakeb Boat Manufacturing Company has revealed the launch of its latest offering, the B7X. The new model, which can be utilised for both manned and unmanned operations, is also being dubbed as the world’s first ever mass produced dual-use USV being made available for commercial purposes. The B7X, along with Al Marakeb’s other models, ...

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