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    Nakheel signs AED713mn construction contract for Dragon Towers

    (WAM) -- Nakheel has signed a construction contract for Dragon Towers, its new, twin-building residential complex with a total development value of AED713 million, to be built at Dubai’s rapidly-expanding Dragon City mixed-use community.

    Under the AED552 million contract, handed to UAE-based Ali Mousa and Sons Contracting, mobilisation will begin immediately, with anticipated completion in 2021.

    Nakheel also"...

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    The Importance of a “Strategic Investor” v/s an “Investor”

    The Importance of a “Strategic Investor” v/s an “Investor”September 25, 2018

    The last decade in the Middle East region has witnessed immense growth and challenges. There are many companies who have exploited the growth wave and grew their business exponentially. At the same time, there are companies that struggled either due to their resistance to change, or due to the economic challenges of the market. Leveraging the changing market conditions and rapid shift in technology, there are many niche companies that have developed unique products and services to address specific needs of their clients.

    Healthcare, ICT, professional services, media and entertainment, logistics, transportation, energy and utilities, and education"...

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    Dubai’s smart car rental fleet rises to 400September 24, 2018

    Dubai’s Roads and Transport Authority (RTA) has added 200 vehicles to the smart car rental fleet, bringing the total number to as many as 400 vehicles.

    The move follows the success of the initial stage and the increasing demand generated by the service, which has clocked high rates of journeys and rental hours.

    “The launch of this service is part of our response to the Smart City initiative of the Dubai Government,” said Adel Shakeri, director of RTA’s Transportation Systems. “Increasing the number of vehicles in smart car rental fleet from 200 to 400 vehicles contributes to our objectives of this service. From the launch in October 2017 up to the end of last August"...

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    UAE, Saudi Arabia have unified vision for facing regional challenges: Mohammed Al Khouri

    ABU DHABI, 23rd September, 2018 (WAM) -- Mohammed Haji Al Khouri, Director-General of the Khalifa bin Zayed Al Nahyan Foundation, stressed that the historic ties between the UAE and Saudi Arabia are highly developed, due to their political and economic positions and their civilised legacy on Arab, Islamic and international fronts.

    In his statement marking the 88th Saudi National Day, Al Khouri said that the ties between the two countries are being strengthened by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, as well as by the close monitoring of"...

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    Dubai Hills Estate completes work on 18-hole golf course-UAE

    Dubai Hills Estate, a joint venture between leading developers Meraas and Emaar, said the construction work on the 18-hole championship golf course at its Dubai Hills Golf Club development has been fully completed.

    The serene, lush lifestyle destination, Dubai Hills Estate, is located only 15 minutes from Downtown Dubai and City Walk.

    The construction of the 18-hole par-72 championship golf course designed by European Golf Design of Dubai Hills Golf Club is complete with work on the clubhouse marking brisk progress, said the statement from Dubai Hills Estate. It is set on a 1.2- million-sq-m area, nearly the size of 63 football fields.

    Offering a challenge to golfers of all handicaps,"...

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    New UAE visa laws could encourage more Brits to retire in Dubai - experts-UAE

    The UAE’s decision to introduce a new five-year visa for expat retirees older than 55 could boost Dubai’s appeal as a retirement destination for British expats, according to experts.

    Hugo Thistlethwayte, London-based head of international sales at property firm Savills, told Arabian Business: “This [new directive] will be extremely helpful, particularly for British expats who are coming to the end of careers spent in the Middle East or Far East.”

    Thistlethwayte said that for those who have not retained a home in the UK, high house prices could make"...

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    Infiniti Engineering Academy calls for applications

    Infiniti Engineering Academy, the leading automobile manufacturer’s global search for the best and brightest engineering talent, has announced that October 5 will be the deadline for submission of regional applications.

    Now in its fifth successive year, the academy will offer one engineering student currently enrolled in a UAE university the once-in-a-lifetime opportunity to work on both automotive and Formula One technologies, said a statement from the company.

    To date, more than 400 students from Middle Eastern countries have already applied, and Infiniti encourages others to submit their applications by the approaching deadline, it said.

    The initiative seeks to enhance the"...

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