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      Michael Fahy

      Michael Fahy

      Location

      Articles

      Union Properties profit fell by half in 2016

      Dubai-listed Developer also sees revenue drop by 23 per cent to Dh1.13 billion.

      PropertyFebruary 09, 2017
      CSCEC is completing infrastructure, steelworks and mechanical, electrical and plumbing packages at Abu Dhabi Airport’s Midfield Terminal Building. The contractor said it has secured about Dh8 billion to 9bn worth of work over the past year. Courtesy Adac
      China State Construction confident that funding deals will secure more Middle East work

      The chairman Yu Tao said the contractor has secured about Dh8 billion to 9bn worth of contracts over the past year.

      PropertyFebruary 07, 2017
      A rendering of the Viceroy Dubai, which is anticipated to be completed in 2018. Courtesy Skai Holdings
      China State Construction unit aiming for summer 2018 finish at Viceroy Dubai site hit by fire

      The contractor is attempting to move the project ahead following the fire that took place on site in August 2016.

      PropertyFebruary 07, 2017
      Al Shafar to double footprint of steel production site at Dubai Industrial Park

      The company is to spend Dh100 million on four new facilities at the site, allowing it to increase its annual production capacity by up to Dh300m a year for the first two years.

      BusinessFebruary 06, 2017
      Above, an artist rendering of the 1/JBR project, a 46-storey tower that has a development value exceeding Dh1 billion. Courtesy Dubai Properties
      Construction work to start at Dubai Properties’ 1/JBR tower

      The 46-storey tower with views of Bluewaters island and Palm Jumeirah is set for handover at the end of 2019.

      PropertyFebruary 05, 2017

      Mr Hogan said the "core pillars of our strategy" including growth via partner airlines continued to enjoy the support of Etihad's board

      BusinessFebruary 02, 2017
      Emirates NBD launches digital-only bank for millennials

      Liv. brand will target millennialls with app that offers deals and easy payment transfers through social media.

      BusinessFebruary 02, 2017
      From left, James Hogan, the chief executive of Etihad Aviation Group, Mohamed Al Mazrouei, the Etihad chairman and Lufthansa’s Carsten Spohr. Jeffrey E Biteng / The National
      Etihad and Lufthansa signal closer ties after $100m catering deal

      The agreement is for a four-year deal for Etihad to use catering services supplied by Lufthansa’s LSG Sky Chefs.

      The NationalFebruary 01, 2017
      Carsten Spohr, left, chief executive of Lufthansa, and Australian James Hogan, president and CEO of Etihad Aviation Group, speak during a press conference on boosting cooperation, on February 1, 2017 in Abu Dhabi. Nezar Balout / AFP
      Etihad Airways and Lufthansa press conference – live updates

      The Abu Dhabi and German airlines are to announce future cooperation at a media event in the UAE capital.

      BusinessFebruary 01, 2017
      Rules hold back development of co-working space in Dubai

      Regulations need to be more flexible to encourage the development of co-working space.

      PropertyJanuary 31, 2017
      The Dubai Mall, one of the shopping centres owned by Emaar Malls. Chris Ratcliffe / Bloomberg
      Emaar Malls quarterly profit edges higher

      The malls operator continues to post profit and turnover growth despite tougher conditions for region's retail sector.

      BusinessJanuary 31, 2017
      A warehouse in Jebel Ali Free Zone. New supply is weakening demand for older industrial property in the area. Sarah Dea / The National
      Demand for industrial property in Dubai weakens

      New building completions in Jafza South are placing pressure on rents and prices for older stock in Jafza North.

      PropertyJanuary 31, 2017
      Riviera Group launches Dh125 million La Riviera Apartments in Dubai
      Camera6
      Riviera Group launches Dh125 million La Riviera Apartments in Dubai
      PropertyJanuary 30, 2017
      Dh11 billion worth of Expo 2020 contracts to support Dubai’s growth this year
      Camera3
      Dh11 billion worth of Expo 2020 contracts to support Dubai’s growth this year
      PropertyJanuary 30, 2017
      HSBC is expected to move about 1,000 staff involved in trading products, such as European stocks, that are regulated by the EU. Ben Stansall / AFP
      Gulf investors’ appetite for London property remains despite Brexit concerns

      HSBC said that it could relocate up to 1,000 jobs to Paris, while Swiss bank UBS has said that about 1,000 of its 5,000 UK jobs could be affected by Brexit.

      PropertyJanuary 29, 2017
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