A total of 1,277 real estate and property transactions valued at AED4.9 billion were registered during the week ending 18th February, 2021. Eighty plots were sold for AED417.81 million, while 776 apartments and villas were sold for AED1.23 billion. The top three transactions were land deals in Jebel Ali Industrial Second sold for AED77.7 million, […]Read More
Aldar Estates, a recently established estate management company that consolidated Aldar Properties’ retail operations alongside existing residential and commercial real estate operations managed by “Provis Estate Management”, has acquired the award-winning full-service real estate services company Asteco Property Management LLC and all its branches across Abu Dhabi and Dubai. Through the acquisition, Aldar Estates will […]Read More
H.H. Sheikh Hamdan bin Mohammed said that Dubai has established a solid foundation for the growth of its economy under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. This has boosted its capacity to adapt to rapidly changing conditions and helped it develop into a regional and global economic powerhouse. He added, […]Read More
The price of OPEC basket of thirteen crudes stood at US$54.87 a barrel on Tuesday, 26th January, 2021, compared with $54.85 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7 percent, amounting to AED697.7 million, compared to AED642.1 million for the same period last year. The exceptional circumstances that the world is going through, the Bank has been prudent to hedge the potential risks owing to these difficult economic conditions […]Read More
Arada has announced the launch of “Manbat”, a new farmers’ market that will focus on offering the very best in fresh and local produce, at its popular Sharjah destination, Aljada. The outdoor market will take place every Friday between 15:00 and 20:00, with the first edition taking place this Friday, 22nd January. Manbat has been […]Read More
Dubai saw its Consumer Confidence Index during the last quarter of 2020 rising to the highest level since the third quarter of 2017. The Q4 2020 Index of 142 points was way above the 133 points in the same period last year and 132 points recorded in Q3 2020. Mohammed Ali Rashed Lootah, CEO of […]Read More
The price of OPEC basket of thirteen crudes stood at US$50.78 a barrel on Thursday, 17th December, 2021, compared with $50.12 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, announced that it has entered into an agreement to acquire Unilog, a Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the United States. Investcorp’s capital backing is expected to support further platform innovation […]Read More
Despite the global economic slowdown and COVID-triggered lockdowns, UAE’s non-oil trade amounted to AED1.033 trillion during the first nine months of 2020, statistics by the Federal Competitiveness and Statistics Centre showed today. The figures cover the exchanges of non-oil commodities, including direct trade and that of free zones and warehousing arrangements, highlighting the healthier trade […]Read More
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