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Abu Dhabi / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its flagship development on Yas Island, Yas Acres. Trojan will mobilise on site immediately as it works on the infrastructure, 652 villas and townhouses, the golf course, golf club ...
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May, 2017
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7 May
Barakah N-plant gets continued support of country’s leadership
ABU DHABI / WAM The Barakah Nuclear Energy Plant, the UAE’s first nuclear energy plant currently being developed in the Al Dhafra region in Abu Dhabi, has received considerable attention and support by the wise leadership of the UAE. This support is reflected in the various site visits by UAE leaders and officials since the launch of the project. ...
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7 May
Emaar Malls net profit jumps 19% to reach AED539 million
Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, recorded a net profit of AED 539 million ($ 47 million) in Q1 (January to March) of 2017, higher by 19 percent over Q4 (September to December) 2016 net profit of AED 452 million ($123 million) and similar to net profit of AED ...
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7 May
Mohamed visits soldiers injured in Yemen war
Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday visited a number of servicemen from the UAE and Sudan, at Zayed Military Hospital where they are receiving treatment for injuries sustained while participating in the Arab Coalition’s Operation Restoring Hope in ...
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7 May
Air Arabia profit hits AED103mn in Q1
Sharjah / WAM Sharjah-based carrier Air Arabia on Monday reported strong financial results for the first quarter of 2017 exceeding analyst expectations, as the Middle East’s first and largest low cost carrier continued to deliver solid commercial and operational results. Air Arabia reported a net profit of AED103 million for the three months ending March 31, a 10 percent less ...
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7 May
UAE to adopt Financial Services Companies’ Categorization Programme
Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Board of Directors of the Securities and Commodities Authority, issued a decision concerning the adoption of guidelines for the Financial Services Companies’ Categorisation Programme. The decision was made in line with the authority’s role in developing the securities sector and raising the efficiency of ...
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7 May
Abu Dhabi Ports raises awareness on marine safety
Abu Dhabi / WAM Abu Dhabi Ports represented by Abu Dhabi Marine Services, SAFEEN, and in cooperation with Department of Municipal Affairs and Transport, visited Delma Elementary School in Al Dhafra Region to enhance maritime safety practices among students. The visit comes as part of Abu Dhabi Ports’ campaign to raise awareness of marine safety and in line with its ...
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7 May
Trump’s low-growth trap
We are defining prosperity down — or, more accurately, prosperity is defining itself down. We are eight years into the recovery from the Great Recession, the unemployment rate has dropped to 4.4 percent, the stock market is pushing record highs, and consumer confidence seems robust. And yet, the economy doesn’t feel as good as it looks. Anxieties lurk. There ...
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7 May
It’s getting mighty crowded at the top of Britain’s M&S
When Tesco Plc was in crisis, many investors wanted Archie Norman to become its chairman. Instead, he’s ended up at another storied but struggling British household name: Marks and Spencer Plc. M&S isn’t in as much of a pickle as Tesco was, but it is striving to revive its clothing business while the consumer environment is about to get ...
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7 May
The shame of the House
The dereliction of duty is breathtaking. In pushing the American Health Care Act through the House of Representatives, Speaker Paul Ryan and his Republican conference have voted to remake almost one-fifth of the US economy. They did so without public hearings, without input from outside experts, without analysis by the Congressional Budget Office and without, finally, much compunction or ...
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