Investment trust posts decline in NAV, says further recovery is subdued Dubai real estate investment trust ENBD REIT has posted a decline in net asset value and occupancy rate in its portfolio due to “challenging” conditions in the real estate market. The trust managed by...

The figure reflects a 20.3% increase in ridership of RTA’s water transport means, namely the Ferry, Abra, Water Taxi and Water Bus DUBAI - Marine transport means of Dubai’s Roads and Transport Authority (RTA) transported 5,734,244 riders during the first half of this year, compared to...

50% project value to be captured under in-country value programme The Abu Dhabi National Oil Company (ADNOC) has signed framework agreements for major projects with eight global engineering contractors worth up to AED3.67 billion ($1 billion). The state-owned oil giant which pumps...

The Expo 2020 Dubai would transform the UAE’s economic landscape as the mega event is expected to contribute to promoting tourism as well as commercial and real estate activity in various parts of the country, including Ras Al Khaimah. This was stated by Mohammed Al Tair, acting CEO of...

The Ministry of Health and Prevention (MoHAP) announced 1,076 new coronavirus cases, bringing the total number of recorded cases in the UAE to 709,378. The Health Ministry stressed in a statement on Sunday that its aim to continue expanding the scope of testing nationwide to facilitate...

International, domestic tourism boost occupancy levels Hotels across the UAE saw occupancy rates improve significantly during the first half of 2021 as international and local tourism arrivals soared amid massive vaccination efforts to contain the pandemic. From January to June,...

Bigger than hypermarket, shopping destination to bring Costco-like shopping in region UAE-based hypermarkets operator Lulu Group has partnered with Dubai Outlet Mall to open the country’s first-ever megamarket, a concept popularised by big-box retailer Costco that enables customers to...

New packages, at competitive prices, aims to provide and deliver necessary products to households as a service provided by SEWGA Zulal Water Plant, a project of the Sharjah Electricity, Water and Gas Authority (SEWA) revealed the operation of new production lines in various sizes with...

Hatta residents will also be allowed to build 200 holiday homes to support domestic tourism in district DUBAI: Vice President, Prime Minister, and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved six new projects in Hatta as part of the Hatta development...

The ReSPR solution aims to reduce up to 99.96 per cent of surface and air contaminants including viruses, bacteria, mold, fungi, and volatile organic compounds MDC Business Management Services (MDC BMS), a Mubadala company, has signed an agreement with Trustech Solutions to become the...