Egypt’s PM follows up on strengthening industrial cooperation with UAE, Jordan

Egyptian Prime Minister Mostafa Madbouly followed up on the government’s efforts to strengthen cooperation with the UAE and Jordan in the industrial sector. The meeting was held on Sunday and attended by Minister of Trade and Industry, Nevine Gamea; Randa El-Minshawy, First Assistant to the Prime Minister; Mohamed Abdel Karim, CEO of Industrial Modernization Center; […]

Dubai’s Drake & Scull swings to $14mln Q1 net loss

based contractor Drake & Scull International (DSI) said on Monday it swung to a Q1 2022 loss, attributable to shareholders, of 52 million dirhams ($14 million) versus a profit of 115.4 million dirhams in the year-ago period. Revenue for the period dropped to 23.9 million dirhams from 45.9 million dirhams in the year-ago quarter. In […]

UAE: Gold prices rise as US dollar weakens

  In the UAE, 24K gold price rose Dh0.75 per gram at the opening of the market on Monday to trade at Dh224.5 per gram as compared to last week’s close of Dh223.75. Among the other variants of the yellow metal, 22K opened at Dh211.0 per gram, 21K at Dh201.25 and 18K at Dh172.5. “The […]

CBRE named leasing partner for Jubail Island retail projects

Global real estate advisor CBRE has been exclusively appointed by Jubail Island Investment Company (JIIC) to support the leasing strategy and day-to-day leasing of the retail component within the Phase 1 of Abu Dhabi’s new megaproject – Jubail Island. Developed by JIIC, the Jubail Island development will be an idyllic collection of villages located between […]

Abu Dhabi: UK comedian Jimmy Carr to perform in January 2023

Popular UK Comedian Jimmy Carr will headline the Etihad Arena in January 2023, GME Events, in conjunction with Yas Island, announced today. Known for being the hardest working comedian in the industry, Jimmy brings his ‘Terribly Funny 2.0’ World Tour to the Island on Saturday, January 7, 2023, for an exclusive UAE performance. Regularly appearing […]