2018 — Topical news of the United Arab Emirates

June 22, 2018 no comments 932
Saudi Arabian shares gained on Thursday, reflecting largely positive sentiment across the Gulf DUBAI- Saudi Arabian shares gained on Thursday, reflecting largely positive sentiment across the Gulf, after index provider MSCI announced overnight it would add the kingdom's stock market to its...

June 22, 2018 no comments 907
Abu Dhabi-based Mubadala Investment Company is partnering with Greece’s aquaculture leader Andromeda and Amerra Capital Management to acquire majority stakes in two European fish farming companies: Nireus SA and Selonda SA. Thor Talseth, managing director of Amerra Capital Management and...

June 21, 2018 no comments 853
Oman and Saudi Arabia ranked second and third Dubai: The UAE topped the GCC in terms of foreign investments in 2017, with total foreign investments of $10.35 billion out of $15.45 billion injected in the GCC. Oman and Saudi Arabia ranked second and third, making up 12.1% and 9.2% of...

June 21, 2018 no comments 907
Oman came first in terms of retail sector imports, followed by Japan, Italy, Saudi Arabia, and the US Abu Dhabi – Five countries provided 46.6% of Abu Dhabi’s total imports in the first quarter of 2018, which recorded AED 26.3 billion; Japan, Saudi Arabia, the US, India, and China....

June 21, 2018 no comments 915
The industry’s sales are expected to hit EUR 390 billion globally by 2025 Dubai – Mubasher : The global luxury market has seen positive trend since the beginning of 2018, which will drive the market to grow 6-8% at constant exchange rates to EUR 276-281 billion in the full year, according...

June 21, 2018 no comments 969
Friday's sale will run from midday to midnight exclusively at malls of Majid Al Futtaim, will offer discounts of up to 90% The Dubai Festivals and Retail Establishment (DFRE) has revealed details of the mega 12-hour sale that will take place on the opening day of the 21st edition of Dubai...

June 21, 2018 no comments 1062
International City project will add more than 1,000 residential units, set for completion in 2020 Danube Properties has announced the launch of its AED550 million ($150 million) Lawnz project in International City in Dubai. Comprising 1,064 units, the project will take Danube's...

June 21, 2018 no comments 1105
The first of the community's five phases sold out in less than a month last year Arada will launch phase 4 of the developer’s Nasma Residences, which will include 302 units and the launch of the Bareem Townhouses, a collection of two and three-bedroom homes created for couples and young...

June 21, 2018 no comments 921
Air Arabia has emphasised that there is no impact on the airline's operations and that business is operating as usual Air Arabia has an overall exposure of $336 million to fund portfolios and short-term investments managed by troubled private equity firm Abraaj, the company said on...

June 21, 2018 no comments 1211
Under agreement, Emirati astronaut will participate in scientific research as part of the Russian space mission to the International Space Station aboard the Soyuz-MS spacecraft The UAE and Russia have signed an agreement to send the first Emirati astronaut to space to participate in...

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