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UAE’s first Islamic private placement Sukuk raises Dh826m

Abu Dhabi government-owned Al Hilal Bank has acquired a Private Placement funding worth $225 million (Dh826m) under its existing Trust Certificate Issuance Program of $2.5 billion, the bank said in a media statement today. This...

Dubai Crown Prince opens GITEX 2016

Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum opened the 36th GITEX Technology Week (GITEX 2016), which is held at the Dubai...

Smart Dubai Office initiatives top 120

Smart Dubai Office (SDO) has introduced 121 smart initiatives and 1,129 smart services that are making Dubai a new global benchmark for smart city experiences, said a top official. Dr Aisha Bin Bishr, director general,...

Dubai business surges most in 2 years

Dubai's private sector started 2017 on an upbeat note by recording the sharpest rise in output in almost two years, new data suggests. Travel and tourism continued to drive the upswing supported by wholesale, retail...

Dubai’s Damac awards 25 contracts worth Dh3bn

Dubai developer Damac Properties has awarded 25 construction and consultancy contracts worth Dh3 billion in the first half of 2016, it announced on Sunday. Contracts awarded include the main packages for more than 2,670 villas...

Dubai climbs innovation index rankings

Dubai has moved up one spot to rank 15 among 28 global innovation cities as per the second edition of the Dubai Innovation Index. The innovation index report released on Monday by the Dubai Chamber...

Dubai to showcase helicopter industry with inaugural event

Norway’s Statoil said oil production was not impacted after the firm grounded all its Sikorsky S-92 helicopters used to transport offshore workers after an alert note from Sikorsky Aircraft Corp, a unit of Lockheed...

Dubai Chamber highlights Dubai’s strong trade links with Africa at global...

The Dubai Chamber of Commerce and Industry recently participated in the Investing in Africa conference in London, which was organised by the Wall Street Journal and attended by global investors, businessmen, government officials, and...

Dubai to launch real estate performance index: DLD chief

Dubai is planning to launch a real estate performance index that will allow global investors to track and benchmark performance, according to the Dubai Land Department (DLD) chief. “While we have certainly made good progress...

Dubai’s foreign trade steady in challenging environment

Despite the slow pace of economic recovery by many of its key partners, Dubai's non-oil foreign trade has maintained solid momentum, with direct exports on the rise. While Dubai posted a sharp increase in the...
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