Latest in Tag: dubai Highlight
Latest in Tag: dubai
Dubai’s Mada’in Properties to invest in Matruh
Projects will be in real estate, agriculture and tourism sectors
Egyptian pound devaluation has positive impact on tourism: Colliers official
Creation of Suez Canal is a catalyst to build a new tourism hub, and Ain Sokhna particularly in the immediate future, says Head of Hotels (MENA) at Colliers International
Security is key to the UAE’s freedom
By Khalaf Ahmad Al Habtoor “The price of freedom is eternal vigilance,” said the 18th century Irish politician John Philpot Curran. I could not agree more, especially when there are so many unscrupulous people abusing their freedom to create violence and anarchy. Sadly, troublemakers and crazies have succeeded in turning parts of the Middle East …
Amer Group establishes company in Dubai to handle projects: Investor relations manager
Company’s capital stands at AED 1,000, divided into 10 shares with a value of AED 100 per share
“Vogue Fashion Dubai Experience” to return for the third round
Global fashion legends and emerging talents to showcase their latest creations at Dubai Mall
Azza Fahmy: A local empire with global presence
Being international gives you strength as you do not only cater for one kind of audience, says Ghaly
Jobzella to establish HQ in Dubai in 2016, further GCC expansion planned: CEO
Company targets increasing users from 150,000 to 500,000 by end of 2015
Investment opportunities to be presented at Dubai’s AHIC: EGOTH Chairman
EGOTH recorded profits worth EGP 111m between July 2014 and March 2015, says Samir Hassan
NASDAQ Dubai seeks further dual listings for Egyptian companies
Securities, investors diversity provides opportunities for companies to expand and grow, says Ali
Art Dubai loves contemporary Egyptian art
Connoisseurs and contemporary art critics say Art Dubai has yet to reach the level of the world’s most established markets, like Art Basel, however its emerging market feel provides a special buzz.
Travco plans to bring over 1 million tourists to Egypt in 2015
Egypt must fill its calendar with events in all sectors to create “touristic demand”, says Travco Group Vice Chairman
OCI begins trading shares on NASDAQ Dubai
OCI expects to begin trading shares on the Egyptian Exchange (EGX) between 10 and 11 March
Federer, Halep, and Šafářová dominate Dubai and Qatar tennis tournaments
Djokovic’s path to the final witnessed an easy win against the Canadian Vasek Pospisil.
Egypt to reduce 5% tax on capital gains
Investment minister said government is currently working on resolving five investment disputes
EFG Hermes 11th annual One-on-One conference launches in Dubai
Event gathers government officials, investors and senior managers from over 100 MENA companies
Mehleb attends Dubai Government Summit
Dubai is the city of happiness, welfare, and security, says Mehleb
Real estate companies offer new diverse offers to attract clients to face recession
Some of small- and medium-sized real estate companies tended towards providing gifts to motivate the client to buy their units.
Al-Attiyah wins Dubai Rally title through court ruling
Al Attiyah claimed that Al Qassimi changed routes during the rally. However, these claims were overruled, leading him to the court of appeals of the FIA, which eventually declared that the Emirati driver committed a direct violation, revoked his title, and awarded it to Al-Attiyah.
Arabtec to conclude plan for 1m home project in Egypt
The $40bn project will be built in 13 locations across Egypt; first homes to be delivered in early 2017, according to Reuters
Mehleb concludes UAE trip with high-level talks
After tense ties under Morsi’s tenure, the UAE has become one of Egypt’s largest financial backers since his ouster
Dubai’s Emaar properties posts 55% rise in Q1 profit
Reuters – Dubai’s Emaar Properties reported a 55% rise in first-quarter net profit on Tuesday, as the region’s economic recovery brought consumers back to its malls and shopping units, and house buyers returned to the market. The builder of the world’s tallest tower, the Burj Khalifa, reported a profit of AED 863m ($234.96m) in the …
Paralympic weightlifters bring home four world records
Egyptian team ranked second at the Dubai 2014 IPC Power lifting World Championships, winning four gold, six silver, and two bronze medals
UAE’s Air Arabia bets on Ras Al Khaimah hub
The Sharjah-based budget carrier, which currently operates out of three hubs in the Gulf and North Africa region, signed an agreement with the RAK government in February declaring it the official carrier for the emirate and RAK airport as its new hub.
Dubai tells global bankers to expect another boom
Reuters – Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many of the bankers. Over a dozen top Dubai officials and executives met about …
Dubai says agreement in principle on UAE bourse merger; no final word on bond issue
Reuters – A top Dubai economic policymaker said on Monday that an agreement to merge the two main stock markets in the United Arab Emirates, the Dubai Financial Market and the Abu Dhabi Securities Exchange, had been reached in principle but nothing had been finalised. “It is going to be very positive. The agreement has …
Dubai’s Emirates REIT expands IPO due to strong demand
Reuters – Dubai-based real estate investment trust Emirates REIT said it had expanded the size of its initial public offer of shares on NASDAQ Dubai, the emirate’s first IPO since its financial crisis erupted in 2009, because of strong demand. Emirates REIT will raise $175m in the IPO, which was 3.5 times oversubscribed, by selling …
Dubai’s Deyaar approves 25% foreign ownership
Reuters – Shareholders of Dubai property developer Deyaar have approved a plan to allocate 25% of its share capital to foreigners, the company said on Saturday. At present, investors in Gulf Cooperation Council countries can own up to 49% of Deyaar’s shares; they currently hold 3.7%, bourse data shows, while those from outside the GCC …
Dubai to challenge London with Islamic financing platform
Reuters – Dubai will compete with London for a share of Islamic banks’ liquidity management business by offering a new platform for murabaha trading. Many Islamic banks around the world manage their short-term funds with murabaha, in which one bank acquires merchandise and another agrees to buy it at a mark-up. Traditionally, banks from the …
Dubai bourse to hold roadshow in London
Reuters – Bourse operator Dubai Financial Market (DFM) will hold a roadshow for international investors in London together with Goldman Sachs to showcase companies listed in the emirate, it said on Monday. Executives from 13 companies listed on the DFM and NASDAQ Dubai will meet investors on April 28-29, it said. United Arab Emirates bourses …
Dubai lender Amlak’s Bourse suspension to be lifted
Reuters – The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year, the United Arab Emirates’ economy minister said on Monday. Trading in shares of Amlak, which is in the process of restructuring debt that sources put at nearly $2bn, was suspended in November …