Dubai’s RERA signs MoU with Zand Digital Bank
Dubai, UAE--The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), signed a memorandum of understanding...Business
Mubadala lists dollar, dirham bonds
This is Mubadala's seventh listing of a green debt instrument on ADX.Company News Business
AD Ports, Eni Abu Dhabi sign pact
The two firms will establish a marine logistics base at Mugharraq Port.Mugharraq Port was recently recognized as an international port facility.
Its new status enables it to receive and service a host of international and local vessels.
Covid restrictions hit spending, slowing eurozone growth
Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer...IHS Markit said that the sky-high caseloads for the highly contagious Omicron variant had disrupted consumer-facing services through staff absences
Tourism, travel and recreation were "especially hard hit", said Chris Williamson, chief business economist at IHS Markit
Israel okays UAE joint fund for high-tech investment
The Israel government has approved the plan for a joint fund with the UAE for investment in high-tech firms and...The proposal was brought to the government by Israel’s Minister of Foreign Affairs of the State Yair Lapid
It was co-sponsored by the country’s Minister of Foreign Affairs of the State Orit Farkash Hacohen
Investcorp inks $4bn deals in US
It acquired properties worth $2.5 billion, and made sales of $1.5 billion.Invescorp expanded its US platform with focus on industrial and residential sectors
The team has acquired over 200 properties in 2021 worth $2.5 billion and has sold for $1.5 billion
Israel Cabinet to probe submarine procurement corruption
Prime Minister Naftali Bennett, who ousted Benjamin Netanyahu in June, abstained from the vote to set up the inquiry, citing...The Israeli cabinet voted to establish a formal inquiry into the "submarine affair," which concerns a multibillion-shekel deal to acquire vessels from Thyssenkrupp
David Shimron, Netanyahu's personal lawyer and cousin, was charged with money laundering in connection with the 2012 naval procurement
Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board.Evergrande has been teetering on the brink for months owing to its struggles in servicing a debt pile of more than $300 billion
However, its shares ended up nearly 4 percent higher on Monday after news emerged of government intervention in its operations
SINOPEC inks Iraq gas deal
The contract includes training workers to keep up with the sector,Iraq has signed contract with to develop the Mansouriya gas field in Diyala in the Anbar Governorate
This deal represents an addition to the investment of free gas from the Mansouriya field
New business deals bring KSA, South Korea closer
The two countries are working on a broader strategy to strengthen collaboration in health care, science, technology, hydrogen, public health,...The visit was part of a broader strategy to strengthen bilateral collaboration in health care, science, technology, hydrogen, public health, and artificial intelligence
The two countries signed 15 agreements totaling $8.2bn in 2019
Dubai most popular holiday destination for 2022
The city overtakes London in the list of the "Top Destinations Around the World". Golden beaches, world-class restaurants, rave reviews...Dubai figured at the fourth place in the "trending destinations for food lovers" list and first in "Trip Advisors list for city lovers."
More than 3.85 million tourists came to Dubai during the first nine months of 2021, according to the department of tourism and commerce marketing.
Dubai records $1.11 billion worth of weeklong real estate deals
A total of 1,99The real estate and properties transactions valued at AED4.1 billion were recorded in Dubai during the week...The transactions included 287 plots that were sold for AED1.08 billion, while 1,059 apartments and villas were purchased for AED2.25 billion.
The top three transactions were a plot of land in Al Hebiah Fifth that sold for AED190 million, followed by land that was sold for AED 45 million in Al Thanyah First.
