Arabian Post Staff Emaar Properties , the master developer of the Burj Khalifa, reported a revenue of AED 19.710 billion (US$ 5.366 billion) and net profit of AED 2.617 billion (US$ 712 million). Overall property sales were worth AED 10.902 billion (US$ 2.968 billion) of which AED 6.321 billion (US$ 1.721 billion) was achieved in UAE. The company attributed the performance to sustained interest from investors, both domestic […]
Arabian Post Staff Emaar Malls recorded revenue of AED 3.508 billion (US$ 955 million) in 2020, the company announced. Overall net profit in 2020 amounted to AED 704 million (US$ 192 million). Commenting on the results of the full-year results of 2020, Mohamed Alabbar, Founder of Emaar Properties and Emaar Malls said: ““Emaar Malls has emerged from 2020 in a much stronger position, having faced some of […]
China, India, Indonesia, Malaysia among leaders in global logistics ranking SINGAPORE – Media OutReach – 10 February 2021 – Asia-Pacific nations lead all emerging market regions with China, India and Indonesia being the world’s top emerging markets in the 12th annual Agility Emerging Markets Logistics Index, a broad gauge of competitiveness based on logistics strength and business fundamentals. The Index ranks 50 countries by factors that make them attractive […]
Arabian Post Staff The Dubai Financial Services Authority (DFSA) announced punitive action against a former relationship manager at a DFSA authorised firm. On 17 September 2020, the DFSA decided to take enforcement action against Ashish Bhandari, the emoployee concerned, for being knowingly involved in breaches of Anti-Money Laundering (AML) legislation from 2011 to 2013 and for obstructing the DFSA in 2017 and 2018. The DFSA has fined […]
Arabian Post Staff The Abu Dhabi Securities Exchange (ADX) announced that it is reducing overall trading activity fees on all exchange transactions as part of its “ADX One” strategy to double the market capitalization of companies listed on the exchange in the next three years. The new pricing structure will be the second time the exchange has reduced its charges in the past two years to enhance market […]
By Manish Rai When the Saudi crown prince, together with the UAE ruler, Mohammed bin Zayed, moved against Qatar in late 2017, the charge sheet against the tiny Gulf state was long. They, along with Bahrain and Egypt, accused their neighbour of backing Iran’s ambitions, and supporting Islamist groups, including the Muslim Brotherhood. The Arab neighbours of Doha thought that by imposing this blockade they can force […]
Arabian Post Staff The Dubai Financial Services Authority (DFSA) announced that it has suspended the licence of Red Spear Capital (DIFC) Limited (Red Spear) for a period of 12 months, consistent with its aim of protecting direct and indirect users of the financial services industry in the DIFC. Red Spear’s licence was suspended due to serious concerns about the adequacy of its financial resources, its non-compliance with the […]
Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]
DUBAI, 30th January, 2021 (WAM) — Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). In the light of this exceptional growth, Sultan bin […]
Share Tweet Share Share Email The five-year collaborative project will be developed and adjusted to accommodate the UAE’s desert environment Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership agreement with Israeli company, Watergen to create a renewable source of water for human and agricultural consumption. Under the terms of the agreement, the two sides have agreed to establish a permanent centre in Abu Dhabi […]
The developer of one of the most ambitious projects on Dubai’s The World Islands, will finally be handing over the long-awaited private villas and beach palaces to investors before the end of the year. Some 2,000 units in the Phase I of the $5 billion Heart of Europe, an ultra-luxury man-made island destination that will showcase floating homes, as well as the Middle East version of the […]
DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]
DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]
The developer of one of the most ambitious projects on Dubai’s The World Islands, will finally be handing over the long-awaited private villas and beach palaces to investors before the end of the year. Some 2,000 units in the Phase I of the $5 billion Heart of Europe, an ultra-luxury man-made island destination that will showcase floating homes, as well as the Middle East version of the […]
Share Tweet Share Share Email The five-year collaborative project will be developed and adjusted to accommodate the UAE’s desert environment Abu Dhabi-based Al Dahra Holding Company has signed a strategic partnership agreement with Israeli company, Watergen to create a renewable source of water for human and agricultural consumption. Under the terms of the agreement, the two sides have agreed to establish a permanent centre in Abu Dhabi […]
Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]
