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du offers AED594.3 million dividends at 13 fils per share

  Dubai / WAM The Emirates Integrated Telecommunications Company, known as du, has said it plans to distribute AED594.3 million of interim dividends to its shareholders for the first half of 2016 at 13 fils per share, subject to approval at the General Meeting in September 2016. In its published financial results for the second quarter of 2016, du delivered AED ...

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TDIC awards enabling works contract for Saadiyat Lagoons

  ABU DHABI / WAM The Tourism Development and Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Sunday that it has awarded the enabling works contract for Phase 1 of the Saadiyat Lagoons District to the Western Bainoona Group for General Contracting. The six-month contract covers ground improvements in addition ...

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Dubai Properties extends flexible purchaser plan

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, announced an extension to its flexible payment plan for purchasers of property in its Serena and Arabella 2 developments located in DUBAILAND. The popularity of the offer, which was launched previously this year, resulted in a hike in sales transactions, and the ...

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Dubai Foundation, WeRobotics partner on ‘robotics solutions’

  Dubai / Emirates Business Dubai Future Foundation announced the collaboration with WeRobotics to accelerate the transfer of appropriate robotics solutions to scale the impact of aid, development and environmental projects in developing countries. To do this, WeRobotics is co-creating a global network of local innovation labs “Flying Labs” where local partners are trained to use robotics solutions safely, responsibly ...

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Emaar records AED2.475bn H1 profit

  Dubai / Emirates Business Global developer Emaar Properties recorded a robust increase of 12 percent in net profit to AED 2.475 billion (US$ 674 million) in the first six months (January to June) of 2016, compared to the net profit of AED 2.205 billion (US$ 600 million) during the same period last year. The half-year 2016 revenue is AED ...

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Global business turns to DIFC Courts for enforcement in first half of 2016

  Dubai / Emirates Business The DIFC Courts’ position as the region’s preeminent English-language business courts was reinforced in the first half of 2016, with the number and total value of cases continuing to increase strongly. The period was also notable for a significant increase in the number of enforcement cases, indicating the confidence business has in the DIFC Courts ...

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Now is a good time to invest in Dubai property

  Dubai / Emirates Business The MENA region’s leading diversified real estate and property services company says Dubai is well on the way to a strong market recovery and that now is a good time to invest. Robert Welanetz, Chief Executive Officer of Majid Al Futtaim – Properties, the UAE-based developer of shopping malls, hotels and mixed-use living communities across ...

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