November 2018 — Topical news of the United Arab Emirates

November 2, 2018 no comments 1472
Development funding arm of World Bank had also invested in Beco's first fund The International Finance Corporation, a development funding arm of the World Bank Group, has committed an investment of $10 million to Dubai-based venture capital firm Beco Capital's new fund. In a press...

November 2, 2018 no comments 1338
Moelis also worked with Arabtec two years ago to study options for Arabtec's capital restructuring Dubai's Arabtec Holding has hired New York-based investment bank Moelis & Co to work on a new debt-restructuring plan for the construction company, three sources told Reuters....

November 1, 2018 no comments 829
Gulf Related, Alshaya Group announce the leasing of nearly 40 units at upcoming Al Maryah Central in Abu Dhabi Gulf Related, with international franchise operator Alshaya Group, have announced the leasing of nearly 40 units at Al Maryah Central in Abu Dhabi. The partnership brings...

November 1, 2018 no comments 1370
The World Bank said the UAE is experiencing improvements in court efficiency and quality of decisions. The UAE has expedited its march towards making the economy more attractive for foreign investment and easier to do business as the latest World Bank report ranked the nation among the...

November 1, 2018 no comments 1533
Prices in Dubai declined 3.8 per cent year on year in Q3 2018 Prime property has become more affordable in Dubai as prices continued their downward trajectory in the third quarter of 2018. The emirate was ranked 39th in the Global Residential Cities Index by consultancy Knight Frank....

November 1, 2018 no comments 1428
Apartment rents, sales prices continued to decline in Q3 Performance across Abu Dhabi's real estate market remained relatively subdued over the last quarter. However, the launch of the first phase of the 'Tomorrow 2021' initiative is expected to result in a more positive investment...

November 1, 2018 no comments 1455
Emaar is seeking to sell non-core assets, including its hotel portfolio, schools and clinics Abu Dhabi National Hotels (ADNH) is in talks to buy some hotel buildings from Dubai's Emaar Properties, two sources familiar with the matter said, as Emaar increasingly focuses on its core...

November 1, 2018 no comments 1332
Wide-body A330 sales are slowing as many airlines opt for new-generation planes like the Airbus A350 or the Boeing 787 Airbus faces new headaches delivering A330s to airlines tied to China's cash-strapped HNA Group and is in separate talks with Emirates over the timing of undelivered...

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