August 2019 — Topical news of the United Arab Emirates

August 17, 2019 no comments 613
Diplodocus skeleton, which was installed in Dubai Mall in 2014, to be auctioned online with bids starting at just under $4m A massive 155 million-year-old dinosaur skeleton will be for sale as Emirates Auction organises the Middle East’s first such auction online. The 24.4...

August 17, 2019 no comments 550
Over 3mln Indians live in UAE The trade exchange between the UAE and India amounted to $60 billion in 2018. The bilateral trade between both Asian countries surged last year, compared to $52 billion a year earlier, according to a statement released on Thursday. The UAE and...

August 17, 2019 no comments 567
The Department of Economic Development wants to strengthen business development among businesses in Dubai and the UAE UAE - The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has added 53 new business activities across a...

August 16, 2019 no comments 567
Damac Properties Dubai has reported a total revenue of Dh1.9 billion ($517.25 million) for the first half of this year, with booked sales at Dh1.8 billion.  Gross profits for the same period stood at Dh502 million reflecting a gross profit margin of 27 per cent. Total assets stood at...

August 16, 2019 no comments 537
Shuaa Capital announces five-year sukuk for The First Group, a UAE-based property and hospitality developer Shuaa Capital on Thursday announced the issuance and placement of a $135 million dollar-denominated five-year sukuk for The First Group (TFG), a UAE-based property and...

August 16, 2019 no comments 537
Space tourism moves a step closer to reality as Abu Dhabi-backed Virgin Galactic unveiled its new Mission Control at a spaceport in New Mexico Space tourism moved a step closer to reality Thursday as Virgin Galactic unveiled its new Mission Control at a spaceport in New Mexico and the...

August 16, 2019 no comments 616
Roads and Transport Authority reveals ridership numbers for Dubai metro, tram, buses, taxis and marine transport during Eid Dubai's Roads and Transport Authority (RTA) has revealed that more than 4 million people used public transport in the emirate during the recent Eid Al Adha...

August 16, 2019 no comments 508
New research says Dubai developers are handing over projects with speed despite continuing correction in property prices Developers are completing construction and handing over projects with speed ahead of Expo 2020 Dubai despite a sustained correction in prices, according to new...

August 16, 2019 no comments 544
The deal will be financed through a $1trln sukuk, it said. UAE-based IBC Group is planning to acquire 10,000 premier properties in Dubai to furnish and manage as holiday homes, and has contracted Berkshire Hathaway HomeServices Gulf Properties (BHHS) to assist in identifying and...

August 16, 2019 no comments 437
Of the 514 companies, 375 licences were issued for 'Trading of spices', 132 for 'Packaging of spices', and seven for 'Preparation of sauce and spices' DUBAI - Around 514 companies operate in the spice trade sector in Dubai, according to a new report released by the Business...

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