News Agencies Feed

    Stock Market

    Abu Dhabi to host industry giants at NATRANS Expo

    The UAE capital, Abu Dhabi, is setting the stage to host one of the most highly anticipated exhibitions of the year – NATRANS Expo 2016; which will be held from 25 to 26 October at the Abu Dhabi National Exhibition Centre (ADNEC).

    The event will be hosted under the patronage of Dr. Abdullah Belhaif Al Nuami, Minister of Infrastructure Development, and Chairman of the Federal Transport Authority – Land and Maritime.


    The"...

    Continue Reading

    Dewa organises ‘Partnership for the Future’July 25, 2016

    Dubai Electricity and Water Authority (Dewa) has organised a Creativity Lab workshop, with the theme ‘Partnership for the Future,’ which was attended by strategic partners. This is part of Dewa’s efforts to enhance and support strategic partnerships with the public and private sectors.

    The workshop was held to strengthen ongoing cooperation with partners to achieve sustainable development in the UAE, the UAE Vision 2021, and the Dubai Plan 2021.

    The workshop was attended by a large number of specialists and stakeholders from different organisations. Dewa presented its corporate strategy and sustainable partnerships. The presentation was followed by a group of brainstorming sessions to discuss Dewa’s smart initiatives to support the Smart Dubai initiative.

    The...

    Continue Reading

    New businesses join Dubai Science ParkJuly 25, 2016

    New business partners are set to join the Laboratory Complex and new Head Quarters Tower at Dubai Science Park (DSP), a freezone community aimed at facilitating and fostering the growth of the UAE’s science sector.


    Boston Scientific Middle East, Olympus MEA, Hager Middle East, Bottu International and Mettler-Toledo will open new premises in the Laboratory Complex, DSP said in a statement on Monday. Meanwhile, Orexigen Therapeutics, a biopharmaceutical company specialising in obesity, will be one of the first newly registered tenants to set up in DSP’s HQ"...

    Continue Reading

    Dubai Land Department revamps its website

    The Dubai Land Department (DLD) has unveiled a revamped website, featuring an easy browsing system and services tailored to a range of customer demographics. The new system is embedded with options for six languages, namely Arabic, English, Spanish, Chinese, French and Russian.

    The announcement was made at a ceremony attended by Sultan Butti bin Mejren, director-general of DLD, as well as directors and officers from the IT department.

    Bin Mejren said: "We will continue to develop our electronic services as we endeavour to integrate the best of technologies in order to keep abreast of developments."

    Abdullah Al Yaloug, director of the IT department at DLD, said: "Our revamped website will provide a user-friendly experience with a range of enhancements and technical improvements,...

    Continue Reading

    Aldar Properties eyes Al Ain As Key Growth Market

    Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, views Al Ain as a key expansion market for its retail portfolio, driven by its significant local population and vibrant business landscape.

    According to Urban Planning Council’s "Plan Al Ain 2030", the city population will witness a 3 fold- increase over the next two decades. As a result, driven by strong consumer demand, the city’s retail sector is set for rapid growth as retail space per resident is expected to increase to approximately 1.115 square meters by 2030.


    Al"...

    Continue Reading

    Nepal Airlines to begin Dubai service from August 18

    Nepal Airlines will launch Dubai service from August 18, starting from three flights per week and mainly target Nepali workers.


    This was announced by Kumar Jagadeesan, general manager of Ajman National Travel Agency (ANTA) for UAE, Oman and Saudi Arabia. The national flag carrier of Nepal has selected ANTA as their General Sales Agent for passengers and cargo in the UAE, according to Jagadeesan. The airline is expected to launch daily service to Kathmandu from early next year, he informed.

    ...

    Continue Reading

    Vacant homes set to drive down rents in Abu Dhabi

    More housing units are expected to be vacant in Abu Dhabi in Q3. This will have "a more dramatic impact" on residential rental demand, said property advisory company JLL Mena.

    There are signs of vacancy rates starting to increase slightly, although many landlords are still able to maintain the same rental levels, according to a JLL Mena report on the Abu Dhabi property market in the second quarter of 2016.

    "Job cuts by the oil and gas sector is leading to a decline in population growth," the report said.

    The new three per cent municipality fee on Abu Dhabi expat rentals combined with the previous removal of fuel and water subsidies continue to impact cost of living, the consultancy said. Additionally, a reduction in employment allowances and benefits is further contributing...

    Continue Reading