Dubai / WAM Dubai real estate market recorded 568 sales transactions worth AED1.37 billion, in addition to 93 mortgage deals of AED197.58 million, and 23 gift deals amounting to AED858.27 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 503 villas and apartments worth AED1.04 billion, and 65 land plots worth AED323.78 million, while ...

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced the award of an AED2.01 billion ($548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per ...

  Dubai / WAM Salik Company, Dubai’s exclusive toll gate operator, on Monday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, Salik stated that one billion five hundred million (1,500,000,000) shares each with a nominal value of AED0.01 ...