Articles
Dubai still the most popular destination for high net-worth GCC investors
However, rather than seeking trophy assets in Palm Jumeirah or Dubai Marina, the top three destinations of high net-worth individuals for residential purchases were The Springs, Bur Dubai and Deira.
Dubai’s Expo 2020 infrastructure spending to boost UAE construction sector
The value of the UAE’s construction industry is set to increase to Dh181 billion in 2017 from an estimated Dh162bn this year, BMI Research said.
Farnek to roll out system for tracking staff through smartphones and watches
The company is implementing a system based on a Google platform run through smartphones and watches that allows it to identify exactly where staff members are, and how long they spend on a specific site.
Red Sea buys Malaysian modular housing builder for $7 million
AM Modular is a designer and manufacturer of prefabricated modular buildings with three factory sites in Malaysia.
Brexit won’t affect Britain’s ties with UAE, says advocate
Liam Fox, who is part of the Vote Leave campaign seeking Britain’s withdrawal from the EU, said a so-called 'Brexit' would not have a major effect on the UK’s current foreign policy.
Senaat says investments pay off as 2015 revenue tops Dh14 billion
The Senaat chairman Hussain Al Nowais said that investments made in businesses such as Al Gharbia Pipe Company meant growth should continue.
Dubai’s EFS in talks to buy cleaning firm in India
Deal for firm employing up to 26,000 staff in India would grow EFS ahead of a potential float.
Abu Dhabi property market outlook: New supply to remain suppressed
With Cityscape Abu Dhabi due to roll into the nation’s capital in April, we take a look ahead at the prospects for the city’s residential market over the next few months and the potential impact of the new property law.
Unec set to bag deal for next 600 apartments at Dubai’s Town Square
Unec is already building the first 1,100 homes at Town Square, with Beaver Gulf responsible for the first 1,050 townhouses
Africa a land of opportunity for property investors
Knight Frank identified seven major African countries that it said presented opportunities for investment in retail, commercial property, logistics and the hotels market, but buyers are warned to take great care.
Most Dubai affordable property schemes ‘out of reach for lower income households’
People with income of Dh3,000-10,000 per month struggle to raise deposits and often fail to qualify for bank loans.
Dubai-based Dodsal says Tanzanian gas holdings much bigger than previously expected
At current market prices, this means the gas resources held are worth at least $8 billion, and could potentially be worth $11bn.
Project bonds could fill funding gap left by banks
Lower oil prices have meant local banks have had to contend with fewer government deposits and worsening credit ratings at the same time as having to bolster capital buffers to meet international standards.
