BusinessLatest Business and Company Updates
UAE builders retain financial cushion
UAE property developers are expected to keep construction programmes moving and meet debt obligations over the next 12 months, as strong cash reserves and positive operating cash flow provide a buffer against softer sales, wider payment plans and geopolitical uncertainty.Moody’s assessment points to a market under pressure but not
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Leonardo EDGE venture targets radar export surge
Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military
Dubai luxury assets secure CPIPG financing
Emirates NBD has extended a AED367.3 million loan facility to Luxembourg-based CPI Property Group, giving the European real estate investor funding cover for deferred payments on a portfolio of ultra-luxury residential units in Dubai through 2026 and 2027.The transaction, equivalent
Dubai drivers face wider mobility charges
Dubai motorists will pay more to use toll gates and public parking from June 1, with Salik and Parkin applying 5 per cent value-added tax to their services under the UAE’s federal tax framework.The change will add VAT to Salik
