March 2018 — Topical news of the United Arab Emirates

March 29, 2018 no comments 1131
Ministry of the Economy says working on laws related to foreign investments, regulation and arbitration The share of the non-oil sector in the UAE’s GDP will rise by 80 percent by 2021, up from 70 percent in 2017, according to a study from the Ministry of the Economy. The study noted...

March 29, 2018 no comments 1010
MAG EYE will be a fully gated townhouse and villa community situated in Meydan District Seven in Dubai MAG Lifestyle Development, the development arm of Dubai-based MAG Group is preparing to launch its AED4.7 billion ($1.28 billion) project MAG EYE at Cityscape Abu Dhabi next month. A...

March 29, 2018 no comments 936
Project features 354 residential units - all sold following its launch in 2015, says developer Danube Properties on Thursday announced the delivery of its third project, Glitz Residences 3, at Dubai Studio City. With a development value of AED350 million ($95.2 million), the project...

March 29, 2018 no comments 949
India remains the top destination country by passenger volume with a total of 962,425 passengers during the month Dubai International Airport (DXB) welcomed nearly 7 million passengers in February, according to the monthly traffic report issued by operator Dubai Airports. The monthly...

March 29, 2018 no comments 1060
A benchmark issue is usually around $500mln. DUBAI- Dubai-based Noor Bank plans to start roadshows next week for a benchmark-sized sukuk, according to a source familiar with the matter. A benchmark issue is usually around $500 million. Citigroup, Deutsche Bank and Standard Chartered are...

March 29, 2018 no comments 1210
Location is currently only available via cell tower triangulation. The Dubai Police on Wednesday launched Android Emergency Location Service (ELS), designed to provide more accurate location information to first responders during an emergency. The location will be transmitted when an...

March 29, 2018 no comments 1164
The rules include requiring exchange houses to appoint a compliance officer DUBAI - Money exchange houses in the United Arab Emirates have been ordered by the central bank to raise their standards, after several banks cut ties with them due to concerns about the risk of illicit financial...

March 29, 2018 no comments 1294
Azizi Developments, one of the leading private developers in the UAE, has awarded a contract worth Dh952 million ($259 million) to Prestige Constructions for the deelopment of the third phase of its waterfront development Azizi Riviera, in Dubai. The work will set to start on April 1....

March 29, 2018 no comments 1049
Deal with Emaar Entertainment for Reel Cinemas launch is just the first step, says Al Ghurair CEO Al Ghurair Centre, the GCC’s first shopping centre, has unveiled its new strategy for 2018 which aims to revitalise its retail mix and community engagement. The 2018 Strategy includes...

March 28, 2018 no comments 914
Since April 2015, the UAE has provided $2.83bn, says it will continue to provide direct assistance to Yemen The UAE has pledged AED1.84 billion ($500 million) to support the United Nations 2018 Yemen Humanitarian Response Plan, which aims to reach more than 13 million underprivileged...

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