Bloomberg Local developer Emaar Properties has received bids from contractors for the estimated AED500m ($136m) contract to build its Opera Grand Residential Tower in Dubai. The project involves the construction of a 65-70 storey tower a four level basement, ground floor and podium with townhouses, and 56 residential floors with seven levels for services. The total development will have ...

  Bloomberg Anbang Insurance Group Co., the Chinese insurer that backed out of a takeover bid for Starwood Hotels & Resorts Worldwide Inc., is on track to complete its $6.5 billion purchase of another U.S. hotel company from Blackstone Group LP, said Jon Gray, Blackstone’s global head of real estate. Anbang is under contract to buy Strategic Hotels & Resorts ...

  Bloomberg London’s property market is feeling the pressure from political uncertainty, with the U.K.’s vote on its European Union membership, mayoral elections in May and weakness in the pound contributing to falling house prices in some areas, according to the Royal Institution of Chartered Surveyors. Demand from house buyers fell sharply in the capital in March, RICS said in ...

  Dubai / Emirates Business According to a Food and Beverage (F&B) report released by global property advisor CBRE, UAE residents ranked the third biggest F&B spenders globally in shopping malls, following their counterparts in Norway and Switzerland. As the F&B market in the UAE demonstrates a considerable degree of resilience in the years following the economic downturn, the results ...

  Sharjah / Emirates Business In a move to achieve the vision of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the Sharjah Central Finance Department (SFD) issued its financial strategy for the period of 2016 to 2018, with an objective to develop a financial, strategic and technical operating system ...

  Ritika Sharma / Emirates Business Virtual banking, Quick transactions and mobile-to-mobile payments – with the new trends ushering in retail banking sector, UAE is well poised to achieve its objective of becoming an undisputed leader in banking technology worldwide. Fast changing banking technology will be assessed for its future viability at the upcoming Middle East Retail Banking Forum & ...

  Abu Dhabi / Emirates Business An audience of more than 200 is expected to come together to consider what it takes to be a successful woman at the second annual Women’s Peak Performance Summit in Abu Dhabi next month. According to Anna Heystek the summit co-founder, Women’s Peak Performance features a cast of extraordinary speakers coming together to inspire ...

  Sharjah / Emirates Business The Sharjah Environment and Protected Areas Authority (EPAA) has selected the names for the two endangered pink-backed pelican chicks who were recently hatched at the Wasit Wetland Reserve. A large number of people took part in the process, suggesting the names they liked on social media platforms, and henceforth the two baby pelicans will be ...

  DUBAI / Emirates Business Dubai’s presence at this year’s World Travel Market (WTM) Africa, which took place in Cape Town, highlighted the continual appeal of Dubai to visitors from Africa, with Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) pressing upon its commitment to the continent’s business and leisure travellers. Presented the ‘Best Stand To Do Business’ award ...

  Sharjah / Emirates Business Medcare, the premium primary care provider of Aster DM Healthcare, set another milestone as it opened its first clinic in Sharjah. One of the first multi-specialty clinics of its kind in the city, the Medcare Medical Centre in Sharjah signals its expansion drive in the wider UAE and has created more jobs for healthcare professionals ...