August, 2017

• 7 August

  Air Arabia H1 profit up 7%

  

  SHARJAH / WAM Air Arabia, a Sharjah-based low-cost airline, announced strong financial results for the second quarter of this year ending June 30, 2017. The company registered a net profit of AED158 million, an increase of 21 percent compared to the AED131 million reported for the same period last year, according to the financial results. The turnover increased to AED ...

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• 7 August

  Saudi’s ‘smaat’ expands UAE footprints

  

  Dubai / Emirates Business Smaat, the leading digital marketing and communications agency in the Kingdom of Saudi Arabia, announced its expansion into the United Arab Emirates, together with the launch of its digital marketing and communications services and consulting through its new office in Dubai Design District (d3) in the city of Dubai. The expansion through the Dubai office, which ...

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• 7 August

  ARACO to design Emirati housing project

  

  DUBAI / Emirates Business Abdul Rahim Architectural Consultants (ARACO), a leading engineering consultant in design and project management in the UAE, has been selected from more than 40 firms to provide design and consultancy services for Abu Dhabi Housing Authority’s (ADHA) Bayti initiative, which streamlines the process of building homes for Emirati nationals. Launched in late 2016, the Bayti initiative ...

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• 7 August

  Fam properties tops AED1.3bn in City Walk residential sales

  Dubai / Emirates Business One of Dubai’s largest real estate brokerages, fäm Properties, has topped AED1.3 billion in residential property sales at City Walk, the new destination developed and managed by Meraas in the heart of Jumeirah. Firas Al Msaddi, the fäm Properties CEO, said that the bulk of sales were to first- time buyers of buildings, while just over ...

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• 7 August

  ADGM-RFI tie up to boost Islamic FinTech services

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Responsible Finance and Investment Foundation (RFI) have announced the setting up of a partnership to bolster the growth and sustainability of the FinTech ecosystem through financial inclusion and ethical and responsible finance practices. The collaboration agreement was signed by Blake Goud, Chief ...

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• 7 August

  TCA Abu Dhabi sees 19.5% growth in applications via ELS

  ABU DHABI / WAM The Abu Dhabi Events Licensing System (ELS), which was launched earlier during the year by Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) has experienced unprecedented growth of 19.5 percent in total applications between Q1 and Q2. Operated by TCA Abu Dhabi on behalf of Abu Dhabi Government, the ELS, a mandatory register of all ...

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• 7 August

  Dubai 10X team organises week-long brainstorming sessions

  

  DUBAI / Emirates Business The Community Development Authority’s (CDA) team of professionals dedicated to implem- enting the Dubai 10X strategy is organising a week-long series of brainstorming workshops to turn their initiatives into pragmatic projects. The series kicks off with a workshop for CDA’s tier-one and tier-two leaders, where, along with the Authority’s Dubai 10X team, attendees will explore pragmatic ...

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• 7 August

  Amlak reports AED15.5mn H1 profit

  Dubai / Emirates Business Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, announced its financial results for the first half ended June 30, 2017. Amlak reported net profit of AED 15.5 million for the first half ended June 30 2017. The company reported profit of AED 8.1 million for Q2 2017 compared to loss of ...

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• 7 August

  ADNOC in advanced talks for new offshore oil concession

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) announced that it is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated by the Abu Dhabi Marine Operating Company (ADMA-OPCO) that expires next March. The potential partners are a mix of existing concession holders in ...

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• 7 August

  du revamps business mobile plans for SMEs

  Dubai / Emirates Business The preferred mobile plan for tens of thousands of UAE SMEs is now more powerful than ever. du has enriched its Business Mobile Plans to meet the communication needs of SME businesses even better, enabling them to have more flexibility, customisation and simplicity in managing the communication needs of their businesses and employees. “We understand that ...

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