Home GCC UAE

UAE

Dubai’s Rents Rise Significantly In Q2, 2014 – Asteco

Jumeirah Beach Residence saw the highest increase in rent prices at 10 per cent quarter-on-quarter, according to a report by Asteco.

Agthia To Distribute Monster Energy Drinks In The UAE

Agthia also distributes Al Ain Water, Ice Crystal Water, Capri Sun kid’s juice drink and natural spring bottled water Alpin in the country.

Dubai’s DMCC Considers New Agricultural Contracts, Delays Spot Gold

The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.

Dubai’s ENOC Receives Nod For 40 Fuel Stations In Saudi Arabia

ENOC is one of the three companies that won the qualification certification to open more outlets in Saudi Arabia.

UAE Regulator Says To Tighten Stock Market Supervision After Arabtec

The SCA said it would also set up a technical committee with the central bank and the exchanges to prevent any manipulation of stock prices.

Abu Dhabi Crown Prince Says UAE President Healthy, Dismisses Rumours

Sheikh Mohamed Bin Zayed dismissed news on social media sites about UAE President Sheikh Khalifa’s health as being “mere rumours”.

Drake & Scull’s German Unit Secures Dhs103m Contract In India

Drake & Scull subsidiary Passavant Energy & Environment will construct and operate two wastewater treatment plants in the North Indian state of Punjab.

Etihad Partners With Google To Register On Flight Search Tool

Google’s Flight Search tool allows users to check out flight schedules and live ticket prices.

Dubai’s CBD Arranges Dhs200m For Movenpick Hotel Acquisition

The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.

Dubai’s Finances Stronger But Still Vulnerable, IMF Says

Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.

Etihad Starts Flights To Armenia

The new Abu Dhabi – Yerevan route will offer a total of 1,088 seats per week.

UAE Visitors Spent $1.145m In First Two Weeks Of FIFA World Cup- Visa

Middle East travellers have spent around $2.7 million on their visa cards since the start of the tournament, the payments provider said.

Stock News: Property, Banks Lift UAE Markets

Dubai’s main index climbed 2.4 per cent as shares in Arabtec jumped 5.4 per cent in early trade.

Adagio Abu Dhabi Al Bustan Opens Its Doors

Accor’s largest regional apartment-hotel property targets long-stay guests in UAE capital.

Ramadan 2014: Top 10 Iftars In Dubai

A list of the top iftars around Dubai this Ramadan and what they charge along with their major attractions.

Pictures: Dubai’s New Mega Mall Of The World Project

The development will include the world’s largest mall and a range of leisure, retail, cultural, wellness and hospitality options.

Dubai Launches Project To Build World’s Biggest Mall

The eight million sq ft mall will be connected to a theme park, theatres, medical tourism facilities and 100 hotels and serviced apartments.

Nakheel Awards Dhs44m Contract For Al Furjan Community Centre

Construction is scheduled to begin in Q4 2014, and the centre is slated to open in March 2016.

GDF Suez Signs Agreement For $1.5bn Mirfa Project In Abu Dhabi

The french utility company signed a 25-year power and water purchase agreement with the Abu Dhabi Water and Electricity Company.

Dubai World Repays $300m Early To Creditors – Sources

The payment came from the proceeds of asset sales completed by the firm and follows an initial sum of $284.5 million returned in March to creditors.

Etihad Becomes Official Airline Of England Cricket Board

England’s national squads will fly with the UAE carrier and the airline will benefit from a range of commercial rights

Dubai’s Shelf Drilling Cancels London IPO

The company said that it cancelled the IPO due to challenging public market conditions.

Dubai’s Arabtec Says Has Backing Of Key Investor After Shares Plunge

Arabtec chairman assured investors on Wednesday that Aabar still considered it a long-term investment and might even raise its stake in future.

Nakheel Awards Contract For 8 Substations In Deira Islands

Engineering consultancies Green Energy and Energoprojekts will carry out design review and infrastructure site supervision services for the 132/11kv substations, the developer said.

UAE Regulator Says Arabtec Obeyed Disclosure Rules

The Securities and Commodities Authority clarified that it could not have suspended trading in Arabtec shares during their recent plunge.

GE Oil & Gas Opens New Facility In Dubai’s Jebel Ali Free Zone

The new facility will further expand the company’s presence in the UAE.

Dubai’s DEWA Awards Dhs76m Contract For New Substation In Jumeirah

The 132/11kV substation is one of the projects that DEWA has launched to build the emirate’s power capacity.

Arabtec Says Has Aabar’s Backing, No Projects Scrapped

Aabar’s chairman says investors misunderstood the significance of the small reduction of its stake in Arabtec.

Dubai Records World’s Strongest Prime Rental Rise in Q1, 2014

Prime rents in the city rose six per cent in Q1, and are up 16.4 per cent year-on -year, the report found.

Stock News: Dubai Ends Up 7.9% As Arabtec Continues Surge

Dubai’s main index posted its biggest daily rise since last September, while Arabtec surged its 15 per cent daily limit.