Articles
Tamouh secures Dh600m loan for Horizon Towers on Reem Island
City of Lights is a 144 acre, mixed-use project that is eventually due to house a total of 60 towers – eight commercial and 52 residential, which will house more than 27,00 residents once complete.
No increase in Dubai property fees but new penalties regime introduced
The department will levy higher charges on customers who have been deemed to be evading fees, or those who provide misleading information on transactions.
VPS Healthcare to build cancer hospital in Abu Dhabi
The cancer hospital is part of a new medical city planned for Mohammed Bin Zayed City in Abu Dhabi.
VPS Healthcare to proceed with bid for Al Noor Hospitals
The commitment to bid for Al Noor hastens the prospect of a three-way bidding war for Al Noor Hospitals, which has already agreed a $2.3 billion reverse takeover by Mediclinic.
New Dubai property projects ‘at saturation point’ after ‘torrent’ of announcements
Research firm Phidar Advisory says some projects are not viable and prices will continue to decline.
Bugatti-branded Damac villas in Dubai more than just adding a badge
Damac already had agreements in place to build branded villas and apartments with the fashion houses Fendi and Versace, as well as deals with the movie studio Paramount and The Trump Organization.
Dubai contractors welcome initiative promoting labour welfare and standards
Initiative will see contractors who look after workers' welfare given preferential treatment when bidding for government work.
Tabreed reports 5 per cent Q3 profit growth
Abu Dhabi-based district cooling company now runs 69 plants - 61 of which are in the UAE.
Abu Dhabi-based VPS Healthcare plans to create 5,000 jobs at new medical centres
VPS planning to recruit from all over the world, but 'will focus on developing local talent'.
UAE businesses brace for credit squeeze
One major UAE bank has already reported a rise in the number of small business owners skipping the country after failing to meet repayments.
UAE employers need to boost salaries to retain audit and HR staff
Niche roles in accountancy and human resources command the highest premiums as employers struggle to fill roles.
Union Properties finalises plans for Saudi joint venture
It aims to nail down plans to establish a joint venture with Naif Al Rajhi Investment Company in the first quarter of next year.
Masdar City ramps up expansion with new wave of building activity
Chris Chi Lon Wan, Masdar City’s design manager, said that the first wave of residential development containing 500 units is currently being built by contractor Brookfield Multiplex.
Depa chief executive Nadim Akhras quits Dubai fit-out contractor
Mr Akhras was made interim chief executive of the company in October 2013 following the departure of its co-founder, Mohannad Sweid.
Sony Xperia M5 smartphone review: Dual big on versatility
Sony's new Xperia M5 Dual allows you to simultaneously operate two SIM cards in the same device.
