Pak floods: Emergency relief appeal launched in UAE to help victims
Pakistan Association Dubai (PAD) has launched a campaign in the UAE to raise donations for flood victims in Pakistan. Launched in cooperation with Dar Al Ber Society and the Department of Islamic Affairs and Charitable Activities, the UAE residents can donate tents, mattresses, beds, sleeping bags; blankets, bedding, sheets, mosquito nets; dry rations such as […]
Mohammed bin Rashid issues law affiliating Dubai Media Inc. to Dubai Media Council
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued Law No. (6) of 2022 affiliating Dubai Media Incorporated (DMI) to Dubai Media Council and endorsing its objectives, tasks, and organisational structure. DMI was established pursuant to Law No. (8) of […]
Dubai: RTA saves ‘record’ over $23mln using 36 green initiatives
A series of green economy initiatives launched by Dubai’s Roads and Transport Authority (RTA) has resulted in “record” savings of Dh85 million. Through 36 initiatives, the authority has saved 68 million kilowatt-hours of electricity, 55 million gallons of water, 21 million litres of gasoline, and 1.8 million litres of diesel. The authority has achieved a […]
Beverly Hills Drive launched at Damac Hills
Damac Properties has announced the launch of Beverly Hills Drive — a luxurious collection of high-end 6-bedroom mansions within the exclusive Trump Estates cluster in Damac Hills. Residents seeking lavish spaces will be thrilled with these 3-storey mansions offering expansive separate formal/informal living and dining spaces, set within a private lush garden surrounding the […]
304.6mln riders used public transport means, shared mobility and taxis in the first half of 2022 in Dubai
Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport means and shared mobility in Dubai that include Dubai Metro, Dubai Tram, public buses, marine transport means (abras, ferry, water taxi, water bus), e-hail rides, smart car rental, Bus-On-Demand, and taxis (Dubai Taxi and franchise company taxies) clocked nearly […]
Amlak Finance reports 35% higher profit in H1-22
The net earnings of Amlak Finance went up by 35% on a yearly basis by the end of the first half (H1) of 2022, standing at AED 266 million, from AED 197 million. Total income during the January-June period in 2022 dropped 9% year-on-year (YoY) to AED 319 million, compared with AED 351 million, according […]
ADX market data goes live on TradingView platform
The Abu Dhabi Securities Exchange (ADX) has signed a new data-sharing partnership with TradingView, a US-based leading financial information portal, to help attract a new generation of global traders and investors to the exchange. As part of the agreement, ADX market data is now live on TradingView’s platform and accessible by a large base […]
Imkan launches Phase Two of key Abu Dhabi residential community
Abu Dhabi-based Imkan Properties has launched the second phase of AlJurf Gardens, a well-designed residential community development within the 370-hectare AlJurf masterplan. Located in Ghantoot, between Abu Dhabi and Dubai, AlJurf will introduce a new concept of community living for those who seek sanctuary from a fast-paced city life, said the developer. The master-planned development […]
AD Ports to buy majority stake in Egyptian maritime companies
Abu Dhabi-based AD Ports Group has announced that it has reached an agreement to acquire a 70% equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International (TCI). The total purchase consideration (Enterprise Value) of this transaction amounts to AED514 million ($140 million). […]
Masdar City starts work on key net-zero energy office tower
Masdar City, a world-class technology and innovation hub and a pioneering sustainable community in Abu Dhabi, along with its consulting partners Woods Bagot and Faithful+Gould, has advanced its contribution to the UAE Net-Zero by 2050 Strategy with the groundbreaking ceremony of its latest development – the Masdar City Square (MC2). Faithful+Gould, a member of the […]