Articles
Dubai property to remain attractive to Chinese buyers despite domestic slowdown
China’s recent devaluation of the yuan against the US dollar is unlikely to dampen Chinese investors’ enthusiasm for Dubai property.
Five talking points from the week in UAE business
Dubai World Central’s move ‘South’ to boost efforts to develop residential community
Sheikh Ahmed bin Saeed Al Maktoum says that the Dubai South name 'will become instantly recognisable for years to come'.
UAE’s $75bn infrastructure fund comes at the right time for India
Plans were announced to invest in Indian infrastructure and boost trade between the countries by 60 per cent after the two-day visit to the UAE by prime minister Narendra Modi.
Dubai to take Spanish lessons for smarter cities
Dubai should try to use Expo 2020 as a target for developing – and then showcasing – the most advanced smart-city technologies in the world, says chief executive of Barcelona City Council's economic growth office.
Parsons wins Dubai Expo 2020 site contract
Parsons is already overseeing a number of infrastructure packages for major Dubai projects including the Dubai canal and new link roads to the Dubai Parks and Resorts site.
Zadco extends Amec Foster Wheeler’s management of offshore oil and gas project
The UZ750 project is in the Upper Zakum oilfield, 84 kilometres north-west of Abu Dhabi. It is the second-biggest oilfield in the Arabian Gulf and comprises four artificial islands with associated drilling and production facilities.
Wages in Abu Dhabi’s construction sector jump 17 per cent in 12 months
Construction-sector employment accounts for just under a quarter of overall employment in the emirate, according to Statistics Centre Abu Dhabi.
Goldman Sachs invests $150m in Indian developer Piramal Realty
It is the second private equity investment that Piramal Realty has attracted over the past six weeks. Last month, US private equity firm Warburg Pincus paid $285 million for a minority stake.
Positive response to Boulevard property project in Dubai
The Dh700 million project will eventually contain more than 1,000 residential units on an 800,000 square feet site.
Manazel first-half profit surges 179 per cent to Dh45 million
Company says sales at 860-unit Al Reef 2 project at Samha near Kizad are in line with expectations.
Dubai builder Arabtec declares six-month loss of Dh1.3bn
Arabtec said that it 'is taking corrective action in response to these legacy issues', having already embarked on a major restructuring exercise.
IMF urges prudence on Dubai’s implementation of major infrastructure projects
The Dubai government’s budget for this year is Dh41 billion, and 13 per cent of this has been allocated for infrastructure work.
Money & Me: National Bank of Abu Dhabi exec glad of MBA gift
Sedef Gunsur believes her executive MBA could prove to be the best investment she has made.
