June, 2017

• 11 June

  Aster eyes Saudi acquisitions

  Dubai / Reuters Dubai-based Aster DM Healthcare is looking at acquisition opportunities in Saudi Arabia, its managing director told Reuters in an interview. This is despite previous delays in payments from the Saudi government, which could have pushed the company to default on a syndicated loan, he said. Aster, which operates hospitals, clinics and pharmacies in the Gulf and India, ...

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• 11 June

  AED68.5mn mall to open in Ras Al Khaimah next year

  

  Dubai / Emirates Business Majid Al Futtaim—the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia— announced on Sunday its new up-coming neighborhood shopping destination in Ras Al Khaimah: My City Centre Al Dhait. The retail pioneer’s expansion into the Northern Emirate comes as part of the company’s strategy to increase its total investment ...

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• 11 June

  Emirates NBD obtains ‘SCA’s clearing member approval

  

  Dubai / Emirates Business Emirates NBD, a leading bank in the region, on Sunday announced that it is the first UAE-based financial institution to obtain General Clearing Member approval from the Securities and Commodities Authority (SCA), UAE. As a General Clearing Member, Emirates NBD can now provide clearing and settlement services to trading participants of the UAE’s equity markets. The ...

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• 11 June

  MBRSC brings smile on faces of children at Dubai Hospital

  

  Dubai / Emirates Business In line with the initiative of the Year of Giving and its social responsibility, Mohammed bin Rashid Space Centre (MBRSC) employees and engineers visited the Pediatric Department at Dubai Hospital, aiming to bring happiness to children with critical illnesses and provide support to overcome the disease. During the visit, the Centre’s staff held interactive space workshops and ...

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• 11 June

  Public-private partnership in focus at DCCI meet on ‘Year of Giving’

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted its annual Dubai Dialogue conference at its premises which focused on the UAE’s Year of Giving and highlighted the important role that public-private partnerships can play in achieving the objectives of the national initiative. The event, organised by the Chamber’s Centre for Responsible Business, was attended by 150 ...

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• 11 June

  UAE companies urged to secure IoT alongside IT

  

  Dubai / Emirates Business The Internet of Things (IoT) continues to gain a strong footing in the GCC across different sectors ranging from manufacturing and transportation to energy. The vulnerability of IoT to external cyber threats remains high – in fact even higher than traditional IT – a Booz Allen Hamilton report highlighted. The Booz Allen Hamilton IoT Field Guide ...

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• 11 June

  UAE’s SANAD launches largest lifestyle destination in Australia

  

  Dubai / Emirates Business The Dubai-based Najibi Investments announced on Sunday that its Australian development arm, SANAD Capital, revealed the brand of its AED 1 billion active lifestyle destination, which has so far been code named ACTVE. ACTVENTURE, will become the first and largest active lifestyle destination in Australia, bringing families and active sports enthusiast together in one extraordinary location. ...

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• 11 June

  Dubai Properties announces sale of Casa Viva townhouses

  

  Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, announced the launch of sales of Casa Viva, marking phase 3 of its family-friendly Serena community at Dubailand from Monday at the newly opened Dubai Properties Sales Gallery on the 9th floor in Vision Tower, Business Bay. The launch of the well-appointed and affordable ...

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• 11 June

  DEWA awards Hatta hydroelectric contract to EDF

  Dubai/ WAM Dubai Electricity and Water Authority (DEWA), awarded the AED 58 million consultancy contract for the pumped-storage hydroelectric power station at Hatta Dam to France’s EDF. The project is the first of its kind in the Arabian Gulf, with a total capacity of 250MW, and is expected to last between 60 and 80 years. The consultancy contract covers design, ...

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• 11 June

  Eagle Hills to build its second 5-star hotel in Fujairah

  

  Dubai / Emirates Business Eagle Hills has announced plans to build its second 5-star hotel in Fujairah in a bid to attract tourists and investment into the Northern Emirates. Located centrally in ‘Eagle Hills Fujairah Beach,’ the master-planned development by Eagle Hills in the city, the new ‘Palace Fujairah Beach,’ is a premium luxury hotel to be managed by Address ...

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