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DUBAI / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has announced that it will start accepting the prequalification applications for AED20 billion ($5.5 billion) worth of contract tenders for its projects in Dubai in 2018. This is in addition to the developer’s existing pipeline of projects that are in various stages of development across ...

ABU DHABI / WAM Companies trading on the UAE two main bourses gained AED5.5 billion in market cap at the end of Sunday session, driven by selective purchases that targeted blue chips on the real estate and banking sectors. Starting the week in the green, the General Index of the Dubai Financial Market moved up 0.97 percent to 3188 points, ...

Dubai / WAM Takaful Emarat announced that net profit for the twelve-month period ended December 31, 2017, was AED18.8 million, up 25 percent from the company’s 2016 net profit of AED15 million. Mohammed Al Hawari, Executive Board member and Managing Director of Takaful Emarat, said, “During the course of 2017, we maintained our focus on growing the business in tandem ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi has picked up the award for the ‘Best Stand in Middle East Region’ at ITB Berlin in Germany for its pavilion featuring the best of the emirate’s attractions and hotels. DCT Abu Dhabi was joined by 48 partners and stakeholders from March 7-11, including the Etihad Airways, ...

DUBAI / Emirates Business The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is expected to drive UAE investment in Europe’s property market through the show’s dedicated Europe Country Pavilion. IPS will take place from 9 to11 April at the Dubai World Trade Centre, also featuring Country Pavilion for Egypt ...

Reuters Expectations for inflows of foreign funds in coming months boosted Saudi Arabia’s stock market to a multi-year high on Sunday, while a leap by Dubai’s biggest bank, Emirates NBD, lifted that index. The Saudi index surged 1.8 percent, its biggest daily gain since last June, to 7,696 points, its highest finish since November 2015. The index, which had added ...

Bloomberg Bitcoin’s rough week headed for a bitter ending. The virtual currency fell 6 percent to $8,760 in New York, after earlier losing as much as 10 percent. Bitcoin has slumped more than 20 percent this week amid increased regulatory scrutiny in the US and Japan, an attempted theft at one of the biggest trading venues, and news that the ...

Dubai / Emirates Business Steel Wood Industries, a Dubai-based manufacturer of environment-friendly and sustainable wood products, has announced the introduction of a game-changing revolutionary product – Steel Wood Density Board (SDB) – that is set to change the wooden furniture and associated industries in the region, at the forthcoming Dubai WoodShow that takes place at the Dubai World Trade Centre ...

Sharjah / WAM The International Government Communication Centre (IGCC), has announced that online registration for the 7th edition of the International Government Communication Forum (IGCF 2018), at Expo Centre Sharjah, is now open. Organised under the patronage of HH Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on 28th and 29th March, IGCF 2018 ...

Abu Dhabi / WAM The Central Bank of the UAE announced its participation in the upcoming 2018 Careers UAE exhibition, a leading national platform that connects Emirati jobseekers with employers looking for home-grown talent. At the event, set to run from March 13-15 at the Dubai World Trade Centre, the Central Bank will showcase current vacancies for both experienced and ...