AD Ports sets up new JV with National Marine Dredging Company
UAE – Abu Dhabi-based AD Ports Group has signed a deal with National Marine Dredging Company Group, one of the world’s leading engineering, procurement, construction (EPC) and marine dredging groups, to set up a new joint venture company that will conduct offshore surveys and subsea services in the UAE, across the GCC region, as well as […]
Arada starts delivery of Sharjah lifestyle community units
UAE-based developer Arada has started handing over homes in the sixth and final phase of Nasma Residences, the integrated community within the Al Suyoh district of New Sharjah. Home deliveries are currently underway for 124 units in the final phase of the Nasma Residences masterplan, which consists of 1,117 homes from two-bedroom townhouses to five-bedroom […]
Samana starts delivery of 202-unit Dubai residential project
UAE-based Samana Developers has handed over a AED100 million ($27.2 million) residential project, Samana Hills located in the heart of Arjan community in Dubai. The resort-style G+5 free-hold property comprises a built-up area of 100,000 sq ft and houses 202 units featuring a mix of studios, one- and two-bedroom apartments. Speaking at the handover ceremony, […]
UAE insurer banned from issuing new policies for a year
A UAE-based insurer has been slapped with administrative sanctions by the country’s central bank for failure to meet regulatory obligations. The banking authority confirmed on Thursday that it has prohibited the insurance company from issuing additional policies to new customers for a period of one year from the date of the notification. It also ordered […]
Abu Dhabi, France’s Sanofi tie up in four key healthcare areas
UAE – The Department of Health, Abu Dhabi (DoH) and France’s Sanofi, a global leader in healthcare, have signed a Declaration of Collaboration to tie up in four strategic healthcare areas. The agreement includes cooperation to launch a clinical research project and patient recruitment protocol. In relation to hematology and oncology, DoH and Sanofi agreed to […]
Dubai’s Mohammed Bin Rashid Library opens to public today: All you need to know
The Mohammed Bin Rashid Library (MBRL) opens to the public today. There is something for everyone in the Mena region’s biggest library, which houses 1.1 million books in 30 languages spread over 54,000sqm on seven floors and in nine libraries. Here is an overview of everything you need to know before your first visit. ENTRY: […]
Dubai airport’s north runway to reopen on June 22 after 45-day closure
With an extremely tight schedule of just 45 days to complete, Dubai airport’s North Runway Rehabilitation project is currently underway according to plan and is scheduled to open for aviation traffic on June 22, 2022. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and […]
UAE Central Bank imposes sanction on insurance firm
The Central Bank of the UAE (CBUAE) has imposed an administrative sanction on an Insurance Company operating in the UAE, pursuant to the Federal Law No.6 of 2007 on the Organisation of Insurance Operations, as amended. On 18th May 2022, the CBUAE imposed a prohibition on the insurance company from issuing additional policies […]
Abu Dhabi’s NPCC wins $673mln Aramco contracts
Abu Dhabi-based National Petroleum Construction Company (NPCC) has been awarded two contracts worth a total of $673 million by oil producer Saudi Aramco. Abu Dhabi Securities Exchange-listed National Marine Dredging Company, which wholly owns NPCC, said in a bourse filing that the first contract relates to Aramco’s Jafurah Development Program project and is worth $460.2 […]
Dubai-based Qashio launches UAE’s first corporate card
UAE – Qashio, a UAE-based fintech company, has launched the first corporate expense management card and software for business transactions in the country. The platform will enable business owners and financing partners to have more control over their expenses, according to a press release on Wednesday. Through the software programme, entrepreneurs will be able to control […]