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New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA […]

The speed limit on Emirates Road and Sheikh Mohammed bin Zayed Road in Dubai is to be reduced. Dubai Police and the Roads and Transport Authority said the limit was to be reduced from 120kph to 110kph to improve safety. Speed cameras will be reset to trigger at 131kph, they said in a statement. Emirates Road and Sheikh Mohammed bin Zayed Road are the most dangerous in […]

A mega-merger of the two biggest banks in the UAE should leave the combined company with a larger representation on the benchmark emerging-market index, triggering hundreds of millions of dollars of inflows to the stock, according to calculations by EFG-Hermes strategists. Thursday marks the last day of trading in First Gulf Bank before its combination with National Bank of Abu Dhabi in a deal that creates the […]

Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely confined itself to traditional equity and fixed income funds which focus on the Middle East region. Areski Iberrakene, who will […]

Spring offers ideal sightseeing weather, with destinations ranging from Japan and Rome to Cuba and Australia. David Whitley rounds up where to go this Spring. newslide April 2017 Japan The spring months are when Japan turns pink, with the famous cherry blossom trees bursting into life across the country. April is the peak of cherry blossom season and hits that sweet spot where temperatures are comfortable for […]

Emirates Global Aluminium (EGA) mandated Bank of America Merrill Lynch, Goldman Sachs and JP Morgan to advise on its initial public offering, sources familiar with the situation have said. The three banks, which were mandated as joint global coordinators, declined to comment. One source said the company had earnings before interest, tax, depreciation and amortisation (EBITDA) of at least $1.5 billion and that its closest publicly traded […]

Your daily guide to community and cultural activities across the Emirates for March 29, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Family workshop Book […]

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The brand of the latest resort to be built on an island off the coast of Ras Al Khaimah has been revealed. Minor Hotels, the owner of the Anantara brand, said it would manage the Avani Al Marjan Island Ras Al Khaimah Resort, to be built on View Island, one of four man-made islands that make up Al Marjan. The 255-key hotel will boast beachfront access with […]

New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA […]

Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc’s bid to buy 100 percent of the company from its shareholders, two sources familiar with the matter told Reuters. One of the sources, declining to be identified ahead of the announcement, said the statement would say that Souq.com’s shareholders had accepted the bid. Souq.com declined to comment. Amazon officials could not immediately […]

DUBAI Amazom.com (AMZN.O) has agreed to acquire Middle East online retailer Souq.com, [IPO-SOUQ.DU], the two companies said in a joint statement on Tuesday. The value of the deal was not disclosed. “By becoming part of the Amazon family, we’ll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon’s great track record of empowering sellers,” said Souq.com’s co-founder, Syrian-born […]

Elon Musk is a man who wants to do a myriad of things: he wants autonomous electric cars cruising down streets in the near future, he wants to send people to Mars and our Moon, and he wants to build a substitute to trains that travels blazingly fast. Now, he has another item in his to-do list: to link up your human brain with artificial intelligence. How? With the […]

Patient experience at the forefront as the UAE healthcare market continues to grow 28 March 2017 Abu Dhabi – The UAE healthcare market is estimated to reach Dh71.56 billion by 2020, achieving an annual average growth of 12.7 per cent, marginally higher than the GCC growth average, propelled by medical tourism and a higher than ever demand for new facilities & technologies. With its vision to develop […]

A respite from recent stormy weather is likely on Tuesday across much of the UAE with a dry day in prospect, although drivers ae being warned to be aware of fog and mist patches that could accumulate overnight and into Wednesday. It is expected to be cloudy for much of the day with sunny spells. Temperatures in Dubai and the Northern Emirates are expected to reach 26°C. […]

Dawn is the time to see Angkor Wat. Waiting in the dark as the exquisite 11th-century temple is conjured out of the Cambodian jungle feels ridiculously thrilling. As the sun rises above the tall, minutely carved, lotus-like towers, and the ornate magnificence of the buildings is reflected in the great ornamental lakes, you get a sense of how 19th-century French explorer Henri Mouhot must have felt when […]

Dubai's stormy weather captured on Instagram Source link

Dubai, UAE, 27th March 2017 Emirates Integrated Telecommunications Company PJSC (“du”) today held its General Meeting at Al Salam Tower, Dubai Media City, where the proposed final dividend of AED 0.21 per share for the 2nd half of the fiscal year ending 31 December 2016, was approved, bringing the annual dividend payment for 2016 to AED 0.34 per share. This includes an AED 0.13 per share interim […]

5 Dubai apartments to buy for under AED750,000 Source link

27 March 2017 Minor Hotels (MH), a hotel owner, operator and investor, currently with a portfolio of 155 hotels and resorts in 24 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, has announced the signing of a management agreement for a new AVANI property in the United Arab Emirates – AVANI Al Marjan Island Ras Al Khaimah Resort. Al Marjan […]

Your daily guide to community and cultural activities across the Emirates for March 28, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Family fun Visit […]

A video-based social network with categories ranging from motor sports to singing has been launched in Dubai to encourage users to “rate, create and participate” in video content. HighlyRated.com was created by entrepreneurs Acer Jamal and Stefan Cudby following the rapid rise in demand for online video content. According to the co-founders, the idea came about when the duo found their friends posting videos on other social […]

Peruvian ceviche is the new sushi, according to Sanjay Dwivedi, the executive chef at Coya, which has venues in London, Miami, Dubai and, as of last week, at The Galleria in Abu Dhabi. Coya’s debut in the capital marks the latest in a long list of South American-inspired eateries to have popped up in the UAE in recent months – from Pollo Pollo and Lima to Inka. […]

DUBAI // An unemployed man and an unidentified accomplice stole money and a mobile phone from a parking attendant and crashed into a parked car after refusing to pay parking fees, a court heard on Monday. The 27-year-old Nigerian man and his accomplice parked their car in a paid parking area in Al Muraqabbat in May last year. Two hours later they came back and tried to […]

  ABU DHABI // Significantly hotter summers with more sandstorms, higher humidity and more rain that could trigger flash-flooding are among the potential effects of climate change on the UAE. UAE Climate Change Risks and Resilience, a report published on Monday by Emirates Wildlife Society-WWF, suggests there could be an increase up to 3°C in temperatures during summer months and a 10 per cent humidity increase by […]

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