USA, Germany, among Emirate’s top five trading partner countries as Hardware + Tools Middle East 2017 gets underway Three-day event opened by His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors, RTA   Dubai, UAE, May 22, 2017:  Dubai’s hardware and tools trade was valued at ......Read More

The new art deco-styled Retail and Leisure complex on Jumeirah Beach Road was inaugurated by The Mall Owner Mr. Meadhad Rashed Meadhad Almheiri Dubai, UAE, May 21 2017:   Jumeirah’s largest community shopping centre, The Mall, was officially inaugurated on Monday evening, May 15th. The prestigious retail and leisure destination ......Read More

DUBAI – May 16, 2017:  His Excellency Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, visited Conares headquarters and its steel production facilities in Jebel Ali Free Zone (Jafza). Mr. Bharat Bhatia, CEO of Conares received His Excellency and briefed him about the development on its expansion projects and the steel industry ......Read More

The two day summit will provide unrivalled practical knowledge, designed to add real value to hospitality professionals Dubai - UAE, 16 May 2017: ‘Global Megatrends and their Effect on Middle East Hospitality’ and ‘Affordable Luxury’ will be the key topics of discussion at the Hotelier Summit Middle East on May 17th and 18th in Doha, Qatar. The two-day summit will provide unrivalled practical knowledge designed to add real value to hotel’s business operations.  The summit is organised by IDE Consulting Services, a global real estate solutions provider. IDE has gone to great lengths to make the summit not only a spectacular show, but also provide ......Read More

Most Coveted Award For The Best Hotel Project In The UAE  Dubai, UAE, May 16, 2017:  MEED Quality Awards are the hallmark of quality and achievement of GCC construction projects. The best ‘Hotel Project of the Year 2017’ has been awarded to Al Jihan Gulf Horizon General Contracting LLC, one of the Green Bridge companies, ......Read More

Bring in the holy month with Centrepoint’s range of stylish home and fashion favourites specially designed for Ramadan nights and Eid festivities. Dubai, 16th May, 2017:  Centrepoint, the region’s largest fashion retailer, is one of the few brands to create a special Ramadan collection keeping in mind the needs of the regional ......Read More

  - Sultan Butti bin Mejren: “The success of the UAE network supports the progress of our pioneering efforts in sustainability.” - Three sessions addressed the most important aspects of sustainability with the participation of international experts and 300 attendees.  - The event witnessed the announcement of a range of pioneering initiatives including the ‘UAE Sustainability Pioneer Award’. Dubai, United Arab Emirates, 15 May 2017: Dubai Land Department (DLD) has hosted a discussion forum on the second anniversary of the United Nations Global Compact Network UAE. The forum took place in the Emirates Towers Hotel, Dubai, and was organised by ......Read More

Dubai, 14 May, 2017:  Danube Properties, Dubai’s pioneers in affordable housing, has launched a new project called Bayz in Dubai’s upcoming Business Bay neighborhood. The announcement of the AED 450 million project was made at a press conference, which was addressed by Rizwan Sajan, Chairman and Founder of Danube Group in the ......Read More

 Amlak Q1 2017 net profit stands at AED 7.5 million Revenue from financing business activities stands at AED 47 million Drop in Operating and Financing Costs by 3% compared to Q1 2016 Total assets stand at AED 6.5 billion Dubai, UAE 14 May 2017 – Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced its financial results for the first quarter ending 31 March 2017. Amlak reported net profits of AED 7.5 million for the quarter ended March 31 2017. This was the result of decline in intermittent nature of revenue from sale of real estate. Revenue from financing business activities decreased by 20% to AED 47 ......Read More

  Abu Dhabi-UAE: 13 May, 2017 – Abu Dhabi Quality and Conformity Council (QCC) has released an updated edition of the Infrastructure Standards Guidelines (ISGL) for the emirate of Abu Dhabi, following its approval by the Infrastructure and Environment Committee of Abu Dhabi Executive Council.  The updated ISGL will serve as a comprehensive guide to all entities concerned with infrastructure development in the emirate. The manual contains simplified and streamlined procedures which are designed to optimise the speed and ease for entities as they access information relevant to the implementation of infrastructure projects. The update drew on the engagement of more ......Read More

  “Hotel performance in March dipped in the majority of MENA hospitality markets compared to March 2016. Across the GCC, most cities witnessed a decline in revenue per average room (RevPAR) in March 2017, compared to the previous year, with the exception of Kuwait City, which had an increase in both occupancy and RevPAR, Ras Al Khaimah (RAK) witnessed a modest increase in RevPAR.  Dubai city hotels continue to lead in terms of the highest occupancy in the region, recording 88.6% occupancy in March 2017. However, average daily rates (ADR) in Dubai dropped by 8.4% from US$309 in March 2016 to US$283 in March, coupled by a slight decline in occupancy by 1.5% when compared ......Read More

  Al Ain, UAE, 11 May 2017: According to Dubai Chamber, Dubai is estimated to have around 717,000 sq. meters of new retail space by 2018, while Abu Dhabi is expected to see a supply of 467,000 sq. meters of new space over the same period. Industry insiders seem positive about the announcement. “Abu Dhabi is a magnificent location. Recent years have seen the emirate invest heavily in infrastructure and look for ways to diversify its economy. The government’s continuous efforts to boost varied forms of economy has seen the retail scene in the emirate develop, resulting in the growth of the sector,” said Bassam Saleh, Marketing Manager for Bawadi Mall. Bawadi ......Read More

Abu Dhabi – May 9, 2017: ‘Magnet’, a UAE-based platform to discuss and disseminate insights on the steel industry, convened in Abu Dhabi to further understand the current market demand and exchange views on ongoing infrastructure development projects in the UAE.  Key industry stakeholders including Emirates Steel Industries, Hamriyah Steel, Conares, Union Iron & Steel Company, Qatar Steel in Dubai and Jindal Shadeed Iron & Steel – participated in the ‘Magnet’ session held in the UAE capital. The participants cited very positive sentiments on the current steel market outlook for the rebar production.  Commenting on the meeting, HE ......Read More

Represents an annualized dividend yield of 7.6% Dubai – 9 May 2017: Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the UAE’s first regulated Shari'a compliant Real Estate Investment Trust listed on Nasdaq Dubai, managed by Equitativa (Dubai) Limited (“Equitativa Dubai”), today announced its proposal to pay a final dividend in relation to the year ended 31st December 2016 of USD 11.98 million or USD 0.04 per ordinary share. To be entitled to receive the dividend, shareholders must be on the register as at market close on 8 June 2017. The proposed final dividend will be subject to shareholder approval at the REIT’s ......Read More

May 08, 2017 Leading property developer posts 61 per cent increase in profits compared to last year’s first three months Ras Al Khaimah, UAE: RAK Properties PJSC, Ras Al Khaimah's largest property developer listed on the Abu Dhabi Stock Exchange, has reported increased profits during the first three months of this year, with revenues in excess of AED115 million between the months of January to March 2017. The reported Q1 2017 results reveal a 61 per cent increase in revenues when compared to the same period in 2016 – up from AED71,581,000 in 2016 to AED115,538,000 this year. Similarly, profits over the corresponding three-month period increased to AED39,878,000 ......Read More

Centrepoint study shows quality time with family leads to increased happiness and encourages families to put their loved ones first.  Dubai, UAE, May 6, 2017:  The Middle East has always been a region that places high importance on family values. However, recent studies show that there is an increasing imbalance between time spent at ......Read More

•    Agreement allows DIFC-based entities to own property registered with DLD and will significantly boost investment in the emirate’s real estate sector  •    Added benefit to regional family businesses doing private wealth and succession planning in the Centre  Dubai-UAE: 6 May 2017 – Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to allow entities based in the Centre to purchase and register properties with the DLD.  The strategic agreement, signed ......Read More

Dubai, UAE, May 6, 2017:  The Rental Dispute Settlement Centre (RDC) was established in 2013 as the judicial arm of the Dubai Land Department (DLD), following a decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The decree gave RDC the objective of employing new methods with flexible mechanisms to meet the requirements of the next era, and supporting the execution of issues and matters related to Dubai real estate with greater accuracy, impartiality and transparency.   Based on these criteria, RDC has developed a specialised judicial system to deal with rental disputes, and conciliation ......Read More

In response to its commitment to excellence Dubai, UAE, May 4, 2017:  Leading supermarket and community malls brand, aswaaq, has received two prestigious accolades from the Dubai Economic Department (DED). aswaaq has achieved the “Dubai Quality Award” and the “Best Performing Brand” in Dubai Service Excellence ......Read More

02 May, 2017 – Global business advisors Deloitte released the Middle East Real Estate Predictions: Dubai 2017 report in January, which reviewed key trends in Dubai’s residential, retail, hospitality and office markets during 2016 and made predictions on how the markets could perform in 2017.  Deloitte’s predictions from January against actual market performance for the first quarter of 2017 were recently compared. Martin Cooper, Director of Real Estate Advisory for Deloitte, stated: “As we had set out in our January report, Dubai’s real estate market continues to face headwinds. These headwinds include declining investor confidence and, off the back of ......Read More

Abu Dhabi-UAE: 1 May, 2017 – Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing the quality infrastructure in the emirate, announced the endorsement of the first batch of affiliates of its Quality Partner Programme comprising applications from 63 commercial establishments in the emirate of Abu Dhabi.  The initiative promotes voluntary compliance with the regulations concerning controlled products and legal measuring instruments. The programme accepts membership applications from interested parties across six categories: importers, commercial agents, factories, specialised stores, general stores, and measuring instrument dealers.  The ......Read More

“UAE architects should draw inspiration from ancient forts and heritage architectural elements to design happier buildings and communities,” said Muhammad Obaid  Dubai, UAE, April 30, 2017:  Building design has a significant impact on the well-being, happiness and productivity of today’s workforce, reveals Muhammed ......Read More

UAE’s fastest-growing construction conglomerate, expands through organic growth and asset acquisition Date: Dubai, April 30, 2017 Airolink, a large design and build construction conglomerate, announced the signing of Dh2.8 billion (US$760 million) new project contracts, raising the total value of its current order book to Dh4.4 billion (US$1.2 billion), from Dh1.6 billion (US$435 million) in the first quarter of 2017. “The new construction contracts worth Dh2.8 billion reflect a growing confidence of our clients on Airolink’s project delivery capacity and demonstrate our growing strength in project management and construction,” Dr Anil G. Pillai, Chairman ......Read More

Dubai, United Arab Emirates, April 30, 2017:  Al Barari was presented with the Best Real Estate Project (Luxury Residential) award by His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department at the region’s first Gulf Real Estate Awards on April 17. Al Barari was honoured in front of nearly 300 real estate ......Read More

All-Emirati Sales Team Rises to the Challenge of Full Day Store Operations at M&S Deira City Centre Dubai, UAE, April 26, 2017: As part of its planned quarterly engagement initiatives, Marks & Spencer HR, in partnership with Al-Futtaim Retail HR, organized a Sales Workshop with a difference. The unique event, held on 22nd March at Marks & Spencer, Deira City Centre, was designed to show the potential impact of an empowered Emirati workforce within the organization. A 31 strong, all-Emirati team took on full responsibility for the store’s operations for one whole day, delivering exceptional customer service during the course of the day, which translated into strong ......Read More

24 April 2017 - Dubai, UAE: It is the year of celebrations for Paris Gallery, the leading luxury retailer in the region, who is celebrating 20 years of retail excellence. The brand is offering its clientele big discounts on a wide range of selected luxury products across all its stores in the UAE. For a month beginning April 20th, customers ......Read More

Number of active hospitality projects reached 1,153 as 62 projects with a combined value of Dh9.1 billion were added to the list in the first quarter of 2017, according to BNC Network 24 April 2017 - Dubai, UAE: News Announcements 1.    The total estimated value of 1,153 active projects in the GCC's hospitality industry exceeded US$148.4 billion in the first quarter of 2017, according to BNC Intelligence  2.    GCC hospitality sector constitutes 7 per cent of all active projects in the GCC 3.    Six hospitality projects with a combined estimated value of around US$390.5 million were completed during the ......Read More

The Dubai-based company will promote Aleris’ premium aluminum in the GCC region Dubai, May 16, 2017 - Aleris Corporation, a leader in the production of rolled aluminum for critical surface applications, announces today that it has signed an agency agreement with MJ Building Materials TradingDMCC, based in Dubai, United Arab Emirates. As a result, the company will have the exclusivity for the promotion of Aleris’ 55HX®, a premium aluminum for architectural applications, in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. “Our 55HX® is already a well-known brand in the European advanced architecture market, and it will grow further in the ......Read More

Mr. Ferghal Purcell, COO of HMH– Hospitality Management Holding, welcomed this week Mr. Saleh Mohamed Al Geziry, the new General Manager of Ajman Tourism Development Department (ATDD), at Bahi Ajman Palace Hotel. During his visit, Mr. Geziry met the various team members as well as saw the fabulous facilities at the hotel. Congratulating Mr. Saleh Al Geziry on his new role, Mr. Purcell said, “It is an enormous privilege to welcome Mr. Saleh Al Geziry at Bahi Ajman Palace Hotel. Over the years we have enjoyed working closely with Ajman Tourism Development Department and are eager to continue our collaboration. In keeping with the vision of the authorities, Mr. Saleh Al Geziry ......Read More

May 5, 2017: H.E Sultan Butti bin Mijrin, Director General of Dubai Land Department, and in the presence of H.E. Dr. Mustafa Madbouli, Minister of Housing, inaugurated the 2017 Egypt Property Show (EPS) today (Friday, May 5, 2017) in Dubai World Trade Centre, with a total of xx regional and international companies participating in the event to showcase their latest large-scale and high-valued projects in Egypt, including “The New Capital of Egypt” and the “New El Alamein City”. Running until May 7, 2017 at the Dubai World Trade Centre, the premier exhibition is an ideal venue for regional and global investors to explore promising real estate opportunities in Egypt ......Read More

Cleaner: Innovative flush technology from Ideal Standard redefines excellence in toilet hygiene Quieter: 25% noise reduction in comparison to traditional toilets Smarter: Water flow has been engineered to ensure optimal usage & benefits Winner of multiple international awards for revolutionary flush performance and innovative design According to the International Scientific Forum on Home Hygiene (IFH), bathrooms, and especially toilets, can be a particularly virulent breeding ground for microorganisms. Appropriate sanitary precautions, —such as an efficient, splash-free toilet flush—prevent the spread of dangerous germs, advises the IFH.     Ideal ......Read More

In collaboration with the Ministry of Interior, Dalma Mall presents the Arab Traffic Week 2017 under the theme “The Traffic Marshall Is Here to Serve You”, from May 4 to May 10, between 4:00 pm to 10:00 pm. The event includes interactive competitions with Dalma Mall’s visitors, including lectures on traffic safety rules, entertainment shows and raffle draws, in addition to Kids’ activities and art and theater performances by Al-Asail School and Hamouda Bin Ali School. The Arab Traffic Week 2017 offers a traffic exhibition for the participating parties and virtual reality corner, which will be used to simulate a car accident application to raise awareness about ......Read More

UAE, April 29, 2017 – Falconcity of Wonders LLC, the developer of the Falconcity of Wonders (FCW) multipurpose mega project arising in Dubai, recently donated AED 50,000 to Ebdaat Craft Cooperative Society Dubai, an organization that supports craft work and other native articles made by Emiratis. Mr. Ahmad Almoosa, Vice Chairman and Deputy General Manager of FCW, handed over the cheque to Ms. Jawaher Ahmed, Chairwoman of Board Directors of Ebdaat Craft Cooperative Society Dubai, and voiced the company’s commitment to help preserve Emirati heritage and promote locally made products. Ebdaat Craft Cooperative Society Dubai is the first cooperative society established in the UAE ......Read More

April 26, 2017: E-City (part of the Albatha Group), a leading operator of a chain of world-class multi-brand electronics retail stores across the UAE, revealed its move to showcase the latest in-store retail technologies across all its eight stores in the UAE. The company has announced the installation of the newest in electronic shelf labels, and interactive screens—all designed to give customers the ability to experience the ‘Future of Electronics.’ According to the company's senior executives, the new additions and fixtures in all their stores are one-of-a-kind and have been designed in compliance with set European standards. The electronic shelf labels feature ......Read More

Ajman, April 24, 2017- The Department of Land and Real Estate Regulatory of Ajman is participating at this year's edition of the Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017), the largest annual Real Estate event of its kind in the Kingdom of Saudi Arabia (KSA), at the Riyadh International Convention & Exhibition Center. The event is being attended by leading decision makers, officials and executives from top Saudi, regional and international real estate developers. During their presence at the event, the Department of Land and Real Estate Regulatory of Ajman will be showcasing potential investment and growth opportunities in the emirate's ......Read More

Dubai: Hospitality Management Holding (HMH) has announced today the appointment of Mr Aboudi Asali as its Chief Executive Officer (CEO).   Mr Asali joins HMH with over twenty years of hospitality experience, starting at the Four Seasons Hotel Boston. After several years in operations, Mr Asali joined Arthur Andersen as a Real Estate and Hospitality Consultant in Bahrain and then London.  He came back to the Middle East in 2002 as the Vice President International Lodging Development for Marriott International where, during his tenure he signed more than 40 hotels across the region. In 2012 Mr Asali established a company to guide hotel operators and owners in the Middle East and ......Read More