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Emaar Properties Reports H1 Revenues Of AED9 bn; AED2 Billion Net Profit
Emaar Properties has revealed H1 revenues of AED9 bn and over AED2 bn in net profit, according to a statement by the real estate Dubai-based giant today.
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Union Properties PJSC Successfully Completes Debt Restructuring With Emirates NBD
Union Properties PJSC announced today that it has successfully reached an agreement with Emirates NBD for the full restructuring of its outstanding AED 946 million debt with the bank along with payment of the initial amount as per the new terms.
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CBUAE Includes The UAE Dirham As The First Settlement Currency In "Buna" Platform
This project is overseen by a committee chaired by His Excellency the Governor of the Central Bank of the UAE and with the membership of their Excellencies the Governors of certain Arab central banks.
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Dubai Retains Its Leading Position As One Of The World’s Top Five Shipping Centers For The 3rd Consecutive Year
Dubai has successfully retained its leading position as the first city in the region to rank among the world’s top five destinations for maritime industry in the International Shipping Centre Development (ISCD) Index for the third consecutive year.
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DGCX Maintains Momentum Into Second Half Of The Year With Strong G6 Currencies Volumes And Successful Launch Of New FX Products
The Dubai Gold and Commodities Exchange (DGCX) has maintained its momentum into the second half of the year, as it continues to provide investors with a wide range of derivative products that allow them to manage their risk effectively.
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Dubai Asset Management Teams Up With Urban To Digitise Leasing
As its appeal to landlords in the UAE continues to grow, Urban, a leading proptech platform which takes the entire rental journey online, announces that it has entered into an agreement with Dubai Asset Management to digitise leasing.
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DMCC Invites Diamond World To Dubai With Message On Iconic Burj Khalifa
Effective immediately and valid until 30th September 2020, DMCC has reduced its business set-up fees by 50 percent for all diamond-connected companies, said a DMCC statement issued on Friday.
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Tourists To Dubai Assured Of Safe Visits And Smooth Travel
As travellers mull over their summer vacation plans, Emirates and Dubai is sending out the clear message that tourists are welcome to enjoy the city’s many attractions, with various measures put in place for safe visits and smooth travels.
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DGW Ranks Among Top 10 In ’Employees Happiness Index 2019’
Dubai Government Workshop, DGW, has been ranked among the top ten in the ’Employee Happiness Index for 2019.’
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noon.com Announces New Platform Developed To Support Local Food Businesses
noon.com, the region’s homegrown digital marketplace, has announced during an exclusive webinar with Mohamed Alabbar that it plans to launch a new platform dedicated to supporting local food and beverage businesses.
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Emirates NBD Completes Customer Migration To Smart Pass
The roll out of Smart Pass is part of the bank’s long-term commitment to safe, secure banking and supports Emirates NBD’s ongoing initiatives to align with global best practices in banking security.
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DP World Volumes Down 3.9 Percent In 1H2020
DP World LTD handled 33.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2020, with gross container volumes decreasing by 5.3% year-on-year on a reported basis and down 3.9% on a like-for-like basis.
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UAE Travel Advisory Update: COVID-19 PCR Tests Mandatory For All Inbound Passengers
The UAE has announced that COVID-19 test will be mandatory for all inbound and transit passengers, including Emiratis, residents, and tourists, arriving via the country’s airports, irrespective of the countries they are coming from.
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Emirates NBD Rings Market-Opening Bell To Celebrate Listing Of $750 Million Bond On Nasdaq Dubai
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, today rang the market-opening bell at Nasdaq Dubai to celebrate the listing of a US$750 million conventional bond.
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UAE Space Agency, Mohammed Bin Rashid Space Centre Announce Reception Of First Transmission From Hope Probe
The Hope Probe blasted off from Japan’s Tanegashima Space Centre at 01:58 Monday morning, the Probe then was successfully released from the rocket at 02:55, and its solar panels were turned on to ensure at 03:00, then the panels were set to face the sun properly.
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35 Innovative Projects Support UAE’s Pioneering Efforts In Space Research And Exploration
The Mohammed bin Rashid Space Settlement Challenge and the Dubai Future Research, Dubai Future Foundation’s research arm.
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Dubai Future Council For Transportation Reviews Post-COVID-19 Transportation Challenges
Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority, RTA, Chairman of the Dubai Future Council for Transportation, chaired a remote meeting of the Council.
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Nakheel Secures AED600 Million Worth Of Property Sales In Four Months
Master developer Nakheel has announced that it sold almost 250 properties with a total sales value of over AED600 million in the last four months, with ready-to-occupy villas most in demand.
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Dubai Announces New Economic Stimulus Package Worth AED1.5 Billion
Dubai has launched its third stimulus package to ease the impact of the COVID-19 crisis on businesses. Worth AED1.5 billion, the new package raises the valueof business incentivesintroduced by the emirate’s government in the past few months to AED6.3 billion.
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Maktoum Bin Mohammed Issues Decision Appointing DFSA Board
His Highness also appointed Fadel Al Ali as Deputy Chairman of the Board andAbdul Wahid Al Ulama, Andrew Spindler, Apurv Bagri, Charles Flint QC, Swee Lian Teo, Julie Dickson and Sabine Lautenschläger as Board members.
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