Dubai / Emirate Business Damac Properties has awarded a construction contract worth approximately AED600 million to China State Construction Engineering Corporation (CSCEC) for the construction of one of the towers at Aykon City, Damac’s premiere luxury master development on Sheikh Zayed Road overlooking Dubai Canal. The contract covers main works construction for the tower which consists of serviced apartments within ...

Dubai / Emirates Business Indian nationals, who form the largest foreign investor group in Dubai’s real estate, have bought properties worth AED 83.65 billion in the last five years – from 2013 to 2017 – in Dubai’s property sector, according to statistics compiled by Dubai Land Department. They invested AED15.6 billion in Dubai’s real estate in 2017, AED 12 billion ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited the Global Education Supplies and Solutions Exhibition (GESS) on Tuesday. The three-day event is being organised by the Ministry of Education in co-operation for the 11th consecutive year in the Dubai World Trade Centre. His Highness Sheikh Mohammed ...

Abu Dhabi / WAM His Highness Sheikh Sultan bin Zayed Al Nahyan, President’s Representative, has said that the late Sheikh Zayed bin Sultan Al Nahyan will be remembered in history for his actions and achievements, and establishing the Founder’s Memorial in the capital, Abu Dhabi, is based on the nation’s belief that Sheikh Zayed is an exceptional leader and symbol, ...

Abu Dhabi / Emirates Business Major Pilot Saeed Mohammed Al Yamahi, the Official Spokesperson of Unmanned System Exhibition (UMEX) 2018 and Simulation & Training Conference and Exhibition (SimTEX) 2018 announced at a press conference that 10 defence deals worth AED294.225 million were signed on the third day of the dual event, taking the total value of deals signed to AED ...

Dubai / WAM Vicente Fox, Former President of Mexico and President of Centro Fox, has said that the UAE is an important international model for adopting innovation and modern technologies, to raise its performance and strengthen its competitiveness. He made this statement while speaking at a special session during the second Global Business Forum on Latin America 2018, which is ...

Dubai / Emirates Business With its business-friendly environment and adoption of blockchain technology, Dubai is strengthening its appeal to Latin American businesses and entrepreneurs that are looking for growth opportunities abroad, explained industry experts speaking at the Global Business Forum on Latin America 2018 in Dubai. Panellists referenced Dubai as a leading example of how governments can do more to ...

Dubai / Emirates Business Expo 2020 Dubai will provide an unprecedented opportunity for countries in the Arab World and Latin America to redefine themselves on a global scale, Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation and Director-General of Expo 2020 Dubai, said during the government address today at the Global Business Forum on Latin America 2018 ...

Bloomberg US stocks rose, Treasuries fluctuated and the dollar advanced as investors weighed comments by Federal Reserve Chairman Jerome Powell saying the central bank won’t rush to raise rates even though the economy should pick up steam. Powell’s testimony signalled optimism in economy, while data on durable orders fell well short of estimates and the US balance of trade worsened. ...

Bloomberg As Special Counsel Robert Mueller’s investigation into Russian election meddling unfolds, investors should expect stocks to fall on major developments, according to a new index aimed at tracking political risks from the probe. The Mueller Risk Index “suggests that increased risk associated with the Mueller investigation (and by extension, the increased risk of impeachment) may hurt stocks but help ...