Tag Archives: Dubai&#039s

Dubai's Drake plans new labour camp to support UAE ops

Drake & Scull International (DSI) has announced plans for a new labour camp in Dubai aimed at boosting performance, productivity and projects delivery in the UAE. The development is part of DSI’s ongoing UAE-wide operational improvements and sustains the momentum ...

Read More »

Dubai's Deyaar posts lower 2017 profits despite revenue jump

Dubai-based developer Deyaar on Wednesday reported lower net profit in 2017 despite a 75 percent jump in revenues to AED751.6 million ($ 204 million). The company said the increase in revenues was driven by steady progress on Midtown construction, which ...

Read More »

Dubai's DEWA eyes plan for Arabian Gulf hydropower station

Dubai Electricity and Water Authority (DEWA) has signed an agreement to build a 400MW pumped hydro storage power station in the Arabian Gulf with a storage capacity of approximately 2,500MWh. A memorandum of agreement has been inked with the GCC ...

Read More »

Dubai's biggest bank defends blocking some cryptocurrency transfers

BitOasis said on Tuesday it believes it is “unfortunate” that Emirates NBD has halted transfers for customers dealing with blockchain-based cryptocurrency trading platforms. In a statement, BitOasis said the company “is working tirelessly” at resolving “bottlenecks” created by the exponential ...

Read More »

Dubai's Global Village sets new visitor record for first 2 months

Global Village, Dubai’s multicultural festival park, has announced a new record of more than 2.4 million visitors over the two-month period since its opening. Statistics released by Global Village for the period from November 1 to December 31 all revealed ...

Read More »

Dubai's Abraaj said to hire Citigroup for North Africa hospitals IPO

Dubai-based Abraaj Group, a buyout firm focused on emerging markets, hired Citigroup and EFG-Hermes to manage an initial public offering or sale of its North African hospitals business, according to people familiar with the matter. The private equity firm plans ...

Read More »

Dubai's ENOC said to hold talks over IPO of retail unit

Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar ...

Read More »

Revealed: Dubai's most expensive communities

Downtown Dubai and the nearby Old Town community are the most expensive areas to rent and buy apartments, according to new research from Propertyfinder Group. According to the research, the most expensive area to buy an apartment is downtown Dubai, ...

Read More »
Scroll To Top