July, 2016

• 31 July

  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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• 31 July

  Passenger traffic up 11.55 percent at Sharjah Int’l Airport in H1

    Sharjah / WAM The Sharjah International Airport reported an 11.55 percent increase in passenger traffic in the first half of 2016, compared to the same half of 2015. The Sharjah Airport Authority said the airport welcomed more than 5.35 million passengers from January to June, compared to 4.79 million passengers for the same period last year. There were more than ...

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• 31 July

  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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• 31 July

  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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• 31 July

  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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• 31 July

  Inaugural Global Space Congress to shed light on growing UAE space sector

  

    Abu Dhabi / Emirates Business Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai, the UAE Space Agency will be hosting the inaugural Global Space Congress (GSC) in Abu Dhabi. As investments from the UAE in the space sector surpass 20 million AED, ...

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• 31 July

  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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• 31 July

  China’s N-ambitions in troubled waters

  

    AP China’s ambitions to become a pioneer in nuclear energy are sailing into troubled waters. Two state-owned companies plan to develop floating nuclear reactors, a technology engineers have been considering since the 1970s for use by oil rigs or island communities. Beijing is racing Russia, which started developing its own in 2007, to get a unit into commercial operation. ...

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• 31 July

  Chinese investors buy Caesars’ games unit for $4.4bn

  

    Bloomberg Investors led by Chinese online games developer Shanghai Giant Network Technology Co. agreed to buy Caesars Entertainment Corp.’s online casino-style games unit Playtika Ltd. for $4.4 billion in cash, even as gambling remains illegal in the Asian country. The consortium includes Yunfeng Capital, the private equity company founded by Alibaba Group Holding Ltd. Chairman Jack Ma, China Oceanwide ...

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• 31 July

  Tokyo elects Yuriko Koike as first woman governor

  

  AFP Veteran politician Yuriko Koike was elected on Sunday as Tokyo’s first woman governor, according to media exit polls, and immediately vowed to get a grip on the megacity’s troubled 2020 Olympic preparations. Public broadcaster NHK, Jiji Press and other major media forecast the 64-year-old Koike as the winner just after polls closed at 8 pm (1100 GMT). Koike is ...

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