August 2018 — Topical news of the United Arab Emirates

August 8, 2018 no comments 773
Project will start welcoming residents from early 2019 Dubai Creek Harbour has unveiled the Creek Marina in the heart of Creek Island Dubai, the residential and leisure district of the six square kilometre mega-development. The waterfront destination will be home to residences,...

August 8, 2018 no comments 740
Egypt and Saudi businesses achieved a strong growth trajectory Shuaa Capital on Tuesday said its 2018 second-quarter profit surged 21 per cent to Dh14.6 million from Dh12.1 million in the corresponding period last year. In a statement, it said revenue in the April-June quarter rose to...

August 7, 2018 no comments 675
The emirate’s exports of aluminium and iron and steel rose by 22% in the January-April period of this year Abu Dhabi: Non-oil exports of Abu Dhabi to the US jumped by 94.8% year-on-year in the first four months of 2018 to record AED 860 billion from AED 441 million. On the other...

August 7, 2018 no comments 801
The developer reported a net profit attributable to owners of $121.6 million in the three months to June 30 ABU DHABI - Aldar Properties, Abu Dhabi's largest property developer, on Tuesday missed estimates with a 28 percent fall in second-quarter profit which it blamed on a revaluation...

August 7, 2018 no comments 750
Under-funded developers struggle to meet handover deadlines The Dubai Land Department's (DLD) recent decision to seize the properties and plots of land registered in the name of Schon Properties and its funds deposited in an escrow account reflects how the regulator is going an extra...

August 7, 2018 no comments 726
The operation of the market is set to start in the final quarter of 2020. A Dh36-million community market spanning more than 23,000 square metres is one of the latest projects set for Abu Dhabi's new residential cities. The Abu Dhabi City Municipality on Monday signed two...

August 7, 2018 no comments 756
Dubai Police in June released a number of stricter road safety rules in a bid to decrease traffic accidents A European tourist racked up fines of AED170,000 ($46,283) in just three hours, after violating speeding limits while driving a Lamborghini Huracan in Dubai. The visitor was...

August 7, 2018 no comments 748
Abu Dhabi University says it has improved facilities across its campuses for the academic year 2018-2019 Abu Dhabi University (ADU) has announced that it has invested more than AED20 million in expanding and enhancing facilities across its campuses in Abu Dhabi, Al Ain and Dubai for...

August 7, 2018 no comments 640
A number of regional organisations have condemned what they have termed as Canadian "interference" in Saudi Arabia's domestic affairs. The UAE has voiced its support for Saudi Arabia and its “absolute rejection” of any interference in its domestic affairs in the wake of a diplomatic...

August 6, 2018 no comments 772
Moving home is always an expensive process, so it's important you get your deposit back from your current landlord, says ServiceMarket.com When renting a property in the UAE, part of your upfront costs is of course the security deposit – which is usually set at five percent of the...

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