Saturday 18 April 2015
 
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Dubai

Dewa to highlight transformer oil test laboratory

Dubai Electricity and Water Authority (Dewa) is set highlight the services and mechanicsms used in transformer oil tests at its ‘Transformer Oil Test Laboratory’  at a leading exhibition in Dubai, UAE this month.

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Strong oil lifts Gulf, Dubai property stocks surge

Oil's rally supported stock markets across the Gulf, while Dubai property stocks surged after the emirate's biggest listed real estate developer announced a bullish 2015 profit forecast. Brent crude hit 2015 highs above $6

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China Airlines moves its regional cargo hub to DWC

China Airlines, the Taiwan-based carrier, will relocate its regional base to Al Maktoum International at Dubai World Central (DWC) in UAE with effect from today.   The first flight, which arrived at 10 am from Taipei, was welc

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Park Regis Business Bay to open in 2016 in Dubai

Australian-based StayWell Hospitality Group has expanded its hotel property management portfolio in the Middle East with the signing of Park Regis Business Bay, to open in Dubai, UAE, next year. This brings the group’s management

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Dubai starts work on new cycling track

Dubai's Roads and Transport Authority (RTA) has started work on a new 21.2-km-long cycling track in the UAE emirate at an estimated cost of Dh32 million ($8.7 million). The project is intended to connect with the existing cycl

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Damac to deliver over 35,000 units in Dubai

UAE-based luxury projects developer Damac Properties is set to deliver more than 35,000 residential units and hotel apartments in Dubai over the next five years, said a report. The mixed platter includes everything from branded lu

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Swedish wood exports to Mena region hit $797m

Sweden has exported three million cu m of wood to the Middle East and North Africa (Mena) region, valued at €750 million ($797.3 million), according to an expert. One-fourth of this export goes to the UAE estimated at €1

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Emaar Properties eyes $1bn profit for 2015

Dubai's Emaar Properties forecast a 2015 net profit of Dh3.695 billion ($1.01 billion), according to a presentation at the developer's annual shareholder meeting. This is higher than the Dh3.366 billion average forecast fo

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Dubai imposes record fine on Deutsche Bank

Deutsche Bank must pay the largest ever fine levied by the regulator of Dubai's financial free zone for what the watchdog described as "serious contraventions" by the German lender's wealth management business in the emirate.

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No takers for 700 Nakheel homes in Dubai

Leading regional developer Nakheel said hundreds of completed homes in Dubai, UAE, lay empty as the buyers who placed deposits on them years ago have not come forward. Out of 9,000 homes built by the developer in Dubai across vari

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