ABU DHABI / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has comp- leted the acquisition of International Tower, a high-quality office tower located in Capital Gate district of Abu Dhabi for AED658 million. International Tower comprises 39,000 sqm NLA of Grade A commercial space and will immediately contribute to Aldar’s net operating income supported …

DUBAI / WAM Middle East passenger numbers are forecast to grow 7% in 2018 according to the International Air Transport Association. Aviation will feature heavily in the programme at Arabian Travel Market (ATM) 2018, which is being held between April 22-25 at the Dubai World Trade Centre. Alan Peaford, current president of the UK’s Institute of Internal Communications, said, “Aviation …

DUBAI / WAM Dubai-based real estate developer Limitless will close out 2017 with an early payment of AED412.4 million to banks and trade creditors on Thursday, December 21. The payment, a week ahead of the due date, comprises AED297.1 million to banks and AED115.3 million to trade creditors. Once made, Limitless will have repaid almost half of its outstanding bank …