March 2018 — Topical news of the United Arab Emirates

March 12, 2018 no comments 396
Sheikh Zayed Housing Programme has signed a Dh310-million ($84 million) contract with Aswar Engineering & General Contracting Company for the construction and maintenance of the Bateen Al Samar Residential Complex (Phase Two) in Ras Al Khaimah. The contract, signed by Dr Abdullah bin Mohammed...

March 12, 2018 no comments 442
The venture capital industry continues to grow in the region, especially with increased investments in small and medium-sized businesses. Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Middle East Venture Partners (MEVP) to facilitate the...

March 12, 2018 no comments 500
ADNOC looking to find balance in strategic partners -analyst Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed 40-year agreements with Eni, awarding the Italian company a 10 percent stake in its Umm Shaif and Nasr offshore oil concession and a 5 percent stake in Lower...

March 12, 2018 no comments 343
The best performing sub-sector monitored by the survey was the wholesale & retail sector. February data signalled a further strong improvement in business conditions across Dubai’s non-oil private sector. Greater overall business activity remained a key driver of growth momentum, whilst an...

March 12, 2018 no comments 328
The plane was owned by the private holding company of Turkish businessman Huseyin Basaran All 11 people on board a private Turkish plane were presumed dead on Sunday after it crashed and burst into flames on an Iranian mountainside while bringing a wealthy heiress and her friends home from...

March 11, 2018 no comments 398
Valuations are conducted for a number of reasons, including sale estimates and company annual audits The Dubai Land Department (DLD) conducted 8,173 real estate valuations worth more than AED 287 billion ($78.1 billion) in 2017, the highest value ever recorded. According to a report...

March 11, 2018 no comments 384
UAE capital experiences a 7.4 percent climb from the same month in 2017 The number of hotel guests staying in Abu Dhabi during January rose 7.4 percent compared to 2017 – which was the beginning of a record year for the UAE’s biggest emirate. According to figures from the Department...

March 11, 2018 no comments 451
While many warehouse locations prices fall, Umm Ramool saw asking prices go up 5.75 percent Dubai’s Umm Ramool area - the location of Dubai's new free zone for the e-commerce sector - has seen a 120 percent surge in those looking to do business there, according to new statistics from...

March 11, 2018 no comments 476
Business activity expanded sharply in February, according to new statistics from Emirates NBD Business conditions across Dubai’s non-oil private sector recorded a strong improvement in February, according to the Emirates NBD’s seasonally adjusted Dubai Economy Tracker Index....

March 11, 2018 no comments 377
Sharjah Center for Space and Astronomy said Eid Al Fitr is likely to be on June 15 Ramdan is likely to start on May 17 this year, according to the Sharjah Centre for Astronomy and Space Sciences. The centre also predicted that the first day of Eid Al Fitr is likely to be on June 15,...