DUBAI / WAM The Dubai Government has invested around $20 billion in the development of the emirate’s infrastructure and transport during the period from 2006 to 2016, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), stated. “The Dubai Government has pumped billions of dirhams in this sector and the ...

Dubai / Emirates Business Emirates NBD delivered a strong set of results with net profit up 15% to AED 6.17 billion for the first nine months of 2017. Net interest income improved 4% y-o-y due to loan growth and helped by a sustained improvement in margins. The operating performance was also supported by lower expenses and an improved cost of ...

DUBAI / WAM Dubai Land Department (DLD) announced that over AED 1.3 billion worth of brokerage commissions were made in Dubai’s real estate market between the beginning of January 2017 and the end of September this year, with a total number of 6,200 active brokers working in Dubai’s real estate market. Real estate brokers achieved these commissions after securing land, ...

Abu Dhabi / Emirates Business National Investment Corporation (NIC) has announced a AED3bn plus project to expand and upgrade Marina Mall alongside plans to develop a stunning new waterfront promenade. NIC, the breakwater developer and owner of Marina Mall Abu Dhabi, will commence work on the 300,000sqm expansion in the second half of 2018, while a series of upgrades to ...

DUBAI / WAM Real estate master developer Nakheel is heading to India with a diverse range of investment opportunities and incentives as it attends the Dubai Property Show (DPS), in Mumbai for the third consecutive year. Nakheel is offering completed, ready- to-move-into apartments, townhouses and villas. Special incentives, including extended payment plans, are also available for DPS visitors who purchase ...

Abu Dhabi / WAM The convening of the ‘International Ministerial Conference on Nuclear Power in the 21st Century’ in Abu Dhabi comes within the framework of UAE’s aspirations and vision for the future of nuclear energy as a new artery in the network of vital clean energy investments for sustainable development, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...

Dubai / WAM Dubai Financial Market company on Monday announced its financial results for the first nine months of 2017, recording a net profit of AED173.3 million ($47.18mn) , a 1% decrease from AED175 million in the same period of 2016. Net profit of Q3 of 2017 decreased 22 percent to AED27.7 million, compared to AED35.4 million in the corresponding ...

Abu Dhabi / Emirates Business His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, inaugurated the 2017 joint ISES Solar World Congress and IEA SHC International Conference on Solar Heating and Cooling for Buildings and Industry (SWC and SHC 2017), which kicked-off in Abu Dhabi on Monday. More than 500 renewable energy researchers and ...

Dubai / WAM Dubai International (DXB), the world’s number one airport for international passengers with 83.6 million passengers in 2016, was chosen as ‘Middle East’s Leading Airport’ at the Middle East Gala Ceremony of the 24th World Travel Awards on Sunday evening in Dubai. Majed Al Joker, Senior Vice President of Assurance and Control Authorities at Dubai Airports, received the ...

Abu Dhabi / WAM Nuclear energy drives global economic growth, supports sustainable development and is helping to meet growing worldwide energy demands – that was the key message on day one of the International Ministerial Conference on Nuclear Power in the 21st Century, currently being held in Abu Dhabi. Over 700 nuclear energy leaders and experts have convened in the ...