Beirut / EMIRATES BUSINESS Real estate developers in Lebanon are making a high return on their investments, dismissing the need to reduce prices, said an industry expert. “Developers are making around 10 percent to 15 percent yearly profits on their projects which is higher than the interest rate offered by banks on deposits in Lebanese pounds,” Raja Makarem, founding and ...

Bloomberg Jonathan Baker is the first to admit he shouldn’t be complaining about foreign investors driving up prices in Vancouver’s red-hot housing market. They helped the retired lawyer pocket millions. Baker and his wife sold their five-bedroom home for C$3 million ($2.2 million) in December, a 100-fold gain from their purchase price in 1970. The house went for C$300,000 over ...

RITIKA SHARMA / EMIRATES BUSINESS The two-day Global Aerospace Summit in Abu Dhabi brought together experts from the aviation field on a common platform, which hosted discussions on the future of the industry. During the event — held as part of Abu Dhabi Aviation Week 2016 — panel discussions and strategy sessions were organsied in line with the theme of ...

Emirates Business Live Science — the joint initiative of the Abu Dhabi Education Council (ADEC) and Mubadala Development Company (Mubadala) — came to a successful close this week at Mushrif Central Park in Abu Dhabi. Over the course of its five-week run, Live Science attracted over 31,000 visitors who experienced the transformative innovations on display and a series of educational ...

Our Correspondent / EMIRATES BUSINESS With over 6,000 restaurants in Dubai, the residents here are overwhelmed with plethora of choices when it comes to cuisines, services and cool ambiences of any eating joint. This industry is clearly bubbling with countless innovations in services, ranging from home-grown brands and international chains, which have raisied the bar of restaurants in the emirates. ...

Our Correspondent / EMIRATES BUSINESS TIMEZ5 is the world’s first health and Wellness Company addressing lifestyle needs through innovation. Driven by research and inspired by Islamic rituals, its goal is to develop premium quality products for Muslims. TIMEZ5 Labs blends the world of ancient medicine, leading technology and inspiring design to address lifestyle challenges. It is a global company headquartered ...

Abu Dhabi / WAM Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, has awarded an AED 318m contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company. This investment is the latest component of Aldar’s recently announced AED 3 billion investment strategy. Al Jimi Mall remains a key retail asset in ...

RITIKA SHARMA / EMIRATES BUSINESS Women are being encouraged by leaders in aero-space industry to look beyond conventional career choices like teaching and explore more hard-core fields like engineering, construction and technical sides of aviation. Sheikha Al Maskari, Chief Innovation Officer of UAE Space Agency told Emirates Business that there is a need of more female professionals in “tougher” fields ...

DUBAI / EMIRATES BUSINESS Working for an organisation that offers a work-life balance is a blessing but working for an organisation that rewards and helps improve skills of its team is a richer blessing. One such organisation that inspires and motivates its staff is UAE Exchange, the leading global remittances, foreign exchange and payment solutions brand. In a survey conducted ...

RITIKA SHARMA / EMIRATES BUSINESS Abu Dhabi Ports recently organised a ‘Strategy Workshop with Stakeholders’, in which the company shared its five-year strategy. Government stakeholders and key customers from 25 organisations participated in the event that aimed to provide their input and build on their capabilities for its effective imple- mentation. The strategy, reflecting the demands and expectations of Abu ...