July 2019 — Topical news of the United Arab Emirates

July 18, 2019 no comments 573
EFG Hermes had forecast a net profit of 3.2 billion dirhams for the second quarter ABU DHABI: First Abu Dhabi Bank , the largest bank in the United Arab Emirates, on Wednesday reported a 5% rise in second-quarter net profit, boosted by higher non-interest income. The results added...

July 17, 2019 no comments 517
Abu Dhabi's declining residential capital values were 19.5 per cent lower than the same period in 2017 The Abu Dhabi real estate review issued by ValuStrat reported that the emirate's residential capital values in the second quarter of 2019 were 13.3 per cent lower than last year and...

July 17, 2019 no comments 650
SSH, a leading master planning, infrastructure, building design and construction supervision company in the region, said work is set to begin on the first residential cluster, Breeze, located within Emaar’s Creek Beach District in Dubai. SSH’s scope of work on the Creek Beach District...

July 17, 2019 no comments 538
Dubai developer Emaar Properties had dominated the Dubai real estate landscape during the first six months, both in terms of transactional volume and value of overall properties registered including residential (apartments, villas/townhouses) and commercial properties, according to a report...

July 16, 2019 no comments 447
Dubai, July 16th 2019 – When the summer is long, hot and the kids are on holidays from school, what better way to pass the time than in the chilled LEGOLAND® Water Park, exploring the educational wonders of Mini-Land at LEGOLAND® Dubai, and enjoying the impressive indoor zone at...

July 16, 2019 no comments 610
Expats earning less than AED3,000 per month can bring families over under new resolution Low-paid workers in the UAE will be able to bring their families to the country, thanks to a new resolution from the Federal Authority for Identity and Citizenship (ICA). The resolution allows...

July 16, 2019 no comments 477
Opinion: Proptech is the future, but the role of the consultant is still paramount in ensuring its success, writes Simon Townsend, CBRE We live in an increasingly digital world – one in which technology now touches every aspect of our lives. Over the years, we have welcomed...

July 16, 2019 no comments 431
Actis will take over the management rights to Abraaj Private Equity Fund IV and Abraaj Africa fund III DUBAI: Private equity firm Actis said on Monday it had acquired the rights to manage two private equity funds previously managed by collapsed buyout firm Abraaj, in a deal aimed at...

July 16, 2019 no comments 443
The project will slash annual CO2 emissions by 3,243 metric tonnes. Dubai Airports, the world's busiest international airport, and Etihad Energy Services Company (Etihad ESCO), a leading energy service company and a wholly-owned subsidiary of Dubai Electricity and Water Authority...

July 16, 2019 no comments 383
Saudi regulator is assessing plans to increase minimum capital requirements for primary insurers to 500 million Saudi riyals, which is five times the current amount Regulatory plans to increase minimum capital requirements for firms will lead to consolidation in the GCC Islamic...

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