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12:14
Tuesday
25
September 2018

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Markets

2,753.29 -0.31%
Volume
132,842,820
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-0.31%
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1,946
12
Up
3
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Traded stocks 35
4,888.79 -0.07%
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40,212,657
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8
Up
9
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BILDCO
0.48
Al Madina
0.3
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0.28
Al Salam Bank
0.98
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0.36
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0.25
Ooredoo
65.65
FAB
14.26
Al Salam Bank
0.98
Emaar
4.81
Etisalat
16
Al Salam Bank
0.98
Deyaar
0.46
Salama
0.61
Drake & Scull
0.38
Aldar creates new unit with AED20bn assets - Dotemirates

Aldar creates new unit with AED20bn assets

ABU DHABI / WAM Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, on Wednesday announced the creation of Aldar Investment Properties LLC (‘Aldar Investments’), the region’s largest diversified real estate investment company. The company will take ownership of some of Abu Dhabi’s highest quality, revenue-generating real estate assets, valued at AED20 billion ($5.4 billion).Aldar Investments, currently a 100% owned subsidiary of Aldar, is designed to drive greater operational and capital efficiencies that will unlock value for shareholders and create the foundation for a new phase of accelerated growth.Incorporated through Abu Dhabi’s international financial centre, Abu Dhabi...


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UAE News

2 hour 2 minute

Free meals awarded

To commemorate Saudi National Day and the lifting of the female driving ban in the country earlier this year, B’dou café gave out complimentary meals to Saudi women drivers from September 21-23 upon presentation of their newly attained Saudi driver’s licence. All patrons of the café also received 20% off their bill. B’dou café, located at City Walk 1, is an ode to the indigenous culture and cuisine of the UAE with a contemporary twist. Their menu features classic and in vogue regional dishes, all enhanced with local flair.
2 hour 38 minute

40 families await refunds from Dubai travel agency over 'bogus' offers

Scores of residents are up in arms against a travel and tourism company headquartered in Bur Dubai, claiming it was refusing to refund thousands of dirhams in membership fees. Complainants said they had been chasing the company for repayments since November 2017. The Dubai Department of Economic Development (DED) is currently investigating the complaints. The complainants alleged they have not been able to avail a "single benefit" offered by the company. The membership packages included hotel stays in four- and five-star hotels, free gym memberships in leading fitness centres, and discounted air tickets in some cases. The packages had a...
3 hour 53 minute

Drunk man steps on cop's foot, abuses him at Dubai airport

A British man has gone on trial at the Dubai Court of First Instance after he assaulted an on-duty police officer at the Dubai International Airport. According to public prosecution records, the 37-year-old man of Asian origin, on a visit visa, behaved aggressively with the officer. He stepped on his foot and pushed him. He is also accused of threatening and verbally abusing the cop.  The incident took place on July 14. The defendant's confrontation with the police officer followed an earlier problem he had with an airline's Indian employee, to whom he issued threats.   He told the latter that...

3 hour 54 minute

Video: Sheikh Hamdan rescues entangled oryx in Dubai

A video of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, rescuing an oryx at a sanctuary has gone viral on social media. In the minute-long clip posted on Instagram and Twitter, Sheikh Hamdan spots an oryx with a mesh of synthetic strings, resembling a net, tangled around its head and horns, after which he and his team chase the animal around in a four-wheel drive with a tranquiliser to sedate and untangle the animal. After a brief chase, the Crown Prince successfully sedates it with a tranquiliser shot. One of the team members cuts off...
3 hour 54 minute

Top 10 Dubai communities which offer highest rental yield

Despite decline in rentals and slowdown in overall real estate market, some section of Dubai's property market still offer decent rental yield of high single digit to investors. "With prices flattening, the capital appreciation at this point might seem less, but we expect long-term gains leading up to 2020," Luxhabitat said, adding that rental yields overall have fallen by a minimal of 0.20 per cent but investors can still benefit from an attractive rental yield of 6.23 per cent year-to-date on average. Highlighting the top 10 Dubai communities which offer highest rental yields, the leading high-end property brokerage stated that...
8 hour 2 minute

UAE Ambassador participates in Saudi National Day celebrations in Lebanon

TRIPOLI, 24th September, 2018 (WAM) -- Hamad Saeed Sultan Al Shamsi, UAE Ambassador to Lebanon, has participated in a reception hosted by Walid Bukhari, the Chargé d'Affaires of the Saudi Embassy in Lebanon on the occasion of the Kingdom's 88tth National Day. The ambassador extended greetings to the leadership and people of the Kingdom of Saudi Arabia and wished more prosperity and stability to the Saudi people, under the leadership of the Custodian of the Two holy Mosques. "The UAE and Saudi Arabia are united in their defence of Arab causes and the ties between the two fraternal countries are...