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DUBAI / Emirates Business The total value of 481 active transport projects exceeded AED 321.49 billion ($87.6 billion) in the first half of 2017, according to BNC Network, – the largest and most comprehensive construction intelligence service in the Middle East and North Africa (MENA) region. Of these, 364 projects with a combined value of $36.5 billion are road projects ...

Dubai / Emirates Business Dubai Land Department (DLD) has released its H1 2017 Transactions Report up until June 30, through the Real Estate Research and Studies Department, announcing that total real estate transactions for this period reached a value of AED 132 billion, achieved through 35,571 sales, mortgages and other transactions. The report reveals that the market has achieved a ...

Bloomberg Three hundred ten. That’s the electric range of a $44,000 version of Tesla’s Model 3, unveiled in its final form on July 28 night. It’s a jaw-dropping new benchmark for cheap range in an electric car, and it’s just one of several surprises Tesla had in store as it handed over the keys to its first 30 customers. Tesla ...

Bloomberg AT&T Inc. named three new divisional chiefs to lead the company when its $85.4 billion takeover of Time Warner Inc. closes later this year. As reported earlier by Bloomberg News, John Stankey, who ran AT&T’s DirecTV division, will supervise integration planning for the merger and lead the Time Warner businesses after the deal closes, the company said. John Donovan, ...

Bloomberg China is betting that US President Donald Trump won’t make good on his threats of a military strike against North Korea, with Beijing continuing to provide a lifeline to Kim Jong Un’s regime. Secretary of State Rex Tillerson singled out China and Russia as “economic enablers” of North Korea after Kim on Friday test-fired an intercontinental ballistic missile for ...

Bloomberg Charter Communications Inc. is cool to Japanese billionaire Masayoshi Son’s proposal to combine with his Sprint Corp., though talks remain active, according to a person familiar with the matter. Son, who is Sprint Corp.’s chairman, proposed a cash and stock merger of his money-losing wireless company with Charter, people familiar with the matter said, asking not to be identified ...

Bloomberg Apple Inc. has removed some virtual private network applications from its stores in China, a move that could block users ability to bypass a local web firewall and access overseas sites. “We have been required to remove some VPN apps in China that do not meet the new regulations,” Carolyn Wu, Apple’s China spokeswoman told Bloomberg in an emailed ...

Bloomberg When Indian architect Rahul Maini and his parents embarked on their first trip abroad in May, Singapore was their destination of choice. But the trio wasn’t going for the hawker food or even the city-state’s casinos — they were there to get on a ship. The equatorial island has become a flourishing entry point for Indian cruise-ship passengers, bolstering ...

SHARJAH / WAM A total of 5.5 million passengers passed through Sharjah International Airport (SIA) during the first half of 2017. The latest numbers show an increase of 2.9 percent as compared to the 5.3 million passengers recorded during the first half of 2016. In a statement, SIA has also revealed that 835.8 thousand passengers in June 2017 passed through ...

DUBAI / WAM The Ministry of Climate Change and Environment (MOCCAE) kicked off the process of establishing a national air emissions inventory in Dubai, holding the first stakeholder consultation for participants from both federal and emirate-level entities. The inception meeting started the conversation with stakeholders by discussing the objectives, activities, and expected outcomes of the project. The meeting also highlighted ...