Abu Dhabi / Emirates Business Al Forsan Real Estate, the property arm of Al Forsan Holding, announced that its leasing out its Type 1 and Type 2 Villas for AED245,000 and AED265,000 respectively. The Al Forsan Village project spread across 241,985m2 has 385 villas and also encompasses 440 units of one-to-four-bedroom apartments. In addition to UAE nationals, Al Forsan Village …
Read More »DUBAI / Emirates Business Intralogistics managers at next month’s Materials Handling Middle East exhibition in Dubai will learn how they can optimise the flow of goods in an automated warehouse using virtual reality 3D technology. Armed with HTC Vive Goggles, supply chain heads will experience how different technologies in fully automated warehouses such as robotics and Industry 4.0 can work …
Read More »Abu Dhabi / Emirates Business Abu Dhabi University’s (ADU) new Dubai Campus, which is set to welcome students with the start of the new academic year, engaged in developing several strategic initiatives with leading organisations and industry leaders across diverse sectors in the UAE. In commemoration of the World Photography Day, and in line with the University’s strategy to encourage …
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MUSCAT / WAM Abu Dhabi’s renewable energy company (Masdar) signed an Engineering, Procurement and Construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the Dhofar Wind Power Project, the first large-scale wind farm in Oman and the GCC. The Dhofar Wind Power Project is a result of the joint development agreement that was established in …
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Dubai / Emirates Business As much as $55.2bn worth of healthcare projects are in the pipeline in the Middle East and North Africa (MENA) region in 2017, with major new developments expected to be annou- nced at the forthcoming Build- ing Healthcare Innovation & Design Show. According to the latest industry estimates, a total of 37 mega hospital projects are …
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ABU DHABI / WAM Spanning crucial sectors, such as agriculture, housing, energy, transport, industry and health as well as social services, to date, the Abu Dhabi Fund for Development (ADFD) has allocated AED1.2 billion in Abu Dhabi government grants and concessionary loans to 18 development projects in Afghanistan. According to an ADFD country report marking Afghanistan’s Independence Day on August …
Read More »DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from the Kingdom of Saudi Arabia, have agreed to develop and launch the Middle East’s first-ever Shariah-compliant spot gold contract to be traded on an international exchange. The partnership enables both entities to increase their presence in the Saudi Arabian and wider GCC Islamic …
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SHARJAH / wam The Sharjah FDI Forum 2017 will host a series of panel discussions conducted by regional and international investment experts. The annual foreign direct investment (FDI) event is held under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Taking place on September 19 and 20, the third Sharjah …
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ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry, in co-operation with the Federal Tax Authority, has organised an awareness workshop on applying the tax system in the UAE, titled “VAT for Real Estate Sector and Registration Mechanism.†The workshop aimed at spreading awareness among real estate companies on the mechanism of applying value added tax (VAT) …
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ÂÂÂÂÂÂÂÂÂÂÂBloomberg Wal-Mart Stores Inc., racing to fend off Amazon.com Inc. and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The shares slid recently after the retail giant said that profit will be 90 cents to 98 cents a …
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