Arada completes over 1,600 new homes in East Village in Sharjah
Arada has announced the completion of the first homes in East Village, the third residential phase in its AED24 billion Sharjah megaproject Aljada. In total, 1,621 apartments have […]
UAE’s ADCB sells NPL portfolio worth $1.1bln to investment funds
UAE’s Abu Dhabi Commercial Bank PJSC (ADCB) has sold a portfolio of non-performing loans (NPL) worth 4.2 billion dirhams ($1.1 billion) to investment funds advised by Davidson Kempner Capital Management […]
Rumailah Farm set to expand across UAE
“Our recent ventures to expand across the UAE are the result of years of hard work and dedication,” Abdullah Taleb, says, general manager, Rumailah Farm. “By maintaining the highest quality […]
Climate-controlled 93-km cycle track announced for Dubai
Dubai will have a 93-km “climate-controlled” cycle highway called The Loop as part of aims to make cycling and walking to work possible for 80% of residents’ by 2040. The […]
Mashreq’s 2022 net profit climbs to $1bln as customer deposits rise
Mashreq, a leading Dubai-based lender, on Monday reported a remarkable jump in 2022 net profit to Dh3.7 billion as operating profit surged 39. per cent to Dh4.4 billion year-on-year. […]
RTA to tow, impound vehicles found violating traffic rules
The Roads and Transport Authority (RTA) of Dubai on Monday said it signed an agreement with Emirates Parking which allows the Authority to impound vehicles that violate the laws. Under […]
