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2,779.07 0.01%
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5,072.30 0.33%
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0.8
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4.25
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1.46
Hurricane Florence could cost US $170bn - Dotemirates
2 month 6 day

Hurricane Florence could cost US $170bn

Mubasher: Hurricane Florence is approaching the southeastern United States, with nearly 759,000 homes in the storm’s path. The worst-case rebuilding scenario could cost more than $170 billion, MarketWatch reported citing CoreLogic estimates. The National Association of Realtors renewed its call for Congress to enact a long-term reauthorization of the National Flood Insurance Program (NFIP), the public program that’s the only insurance option for many homeowners in harm’s way.


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Business News

4 minute 48 second

DEWA awards AED 157 million contract for 60-million-gallon water reservoir construction in Al Lusaily

Dubai - MENA Herald: Dubai Electricity and Water Authority (DEWA) awarded a contract worth AED 157 million for the construction of a water reservoir in Al Lusaily, with a storage capacity of 60 million gallons of desalinated water, to increase Dubai’s storage capacity to 890 million gallons. “The project supports the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to consolidate Dubai’s leading position in the region as an example of an effective and efficient infrastructure for water networks,” said HE Saeed Mohammed Al Tayer, MD &...
5 minute 4 second

Hamptons International launches Investment Sales services

Dubai - MENA Herald: Hamptons International, the full-services property company and a subsidiary of Emaar, has launched a new ‘Investment Sales’ service function that will offer in-depth industry insights and value for real estate and bulk acquisition clients. Offering the comprehensive range of services to customers, the Investment Sales service team will undertake, among others, a detailed feasibility study, market analysis and projected returns on investment before promoting any assets that interest large-scale purchases by customers. Among the portfolio of real estate sectors that the Investment team will serve include sale of full buildings, hotels, land plots, hotel apartments, as...
5 minute 25 second

4 New Residential Projects Ready for Delivery as Part of Al Ghurair Properties’ AED 5 Billion Building Projects

Dubai - MENA Herald: Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, proudly announces the delivery readiness of 4 new residential projects in Deira, as part of its AED 5 Billion – 58 building project.  The announcement comes to further underscore the company’s commitment to plan, develop and manage a diversified real estate portfolio that strategically responds to the UAE residents’ needs, all while enriching their lives with luxurious and metropolitan experiences in Dubai’s key areas. Located in the heart of Deira, the integral symbol that is central to the city’s history and identity, the 4...

7 minute 58 second

Samsung Launches the Galaxy A9 in the UAE

Dubai - MENA Herald: Samsung Gulf Electronicstoday announced the latest addition to its Galaxy family with Galaxy A9 during a media event at the Address Hotel in Dubai. A smartphone built for those who love to explore, capture the moment and share it as they see it – Galaxy A9 boasts the world’s first rear quad camera and features, designed to help you live each day to the fullest. “Samsung understands the demand for meaningful innovation in a fast-paced world driven by visual communication,” said Tarek Sabbagh, Head of IT & Mobile (IM) Division at Samsung Gulf Electronics. “Building on...
8 minute 44 second

Uber can’t afford to be reckless with an impending IPO

When will Uber ever catch a break? After being mired with allegations of sexist work culture, price hiking, and the death of a pedestrian after being struck by an autonomous Uber vehicle earlier this year, the ride-hailing company is now beset by troubling Q3 results. With a looming IPO on the horizon in 2019, can Uber turn its fortune around and put on a brave face for potential investors? Another quarter, another round of losses The company posted $1.07 billion in losses in the three months leading to September. This does not spell good news for a private company in...
9 minute 58 second

UBER resolves dispute with Abu Dhabi: Back in service today

In a statement, Uber announced today the re-launch of its services in the UAE capital, in collaboration with the Department of Transport in Abu Dhabi – represented by the Integrated Transport Centre (ITC) – to offer convenient and reliable transportation solutions across the Emirate with a push of a button. The announcement followed the signing of an agreement between Uber and ITC at the Department of Transport headquarters in Abu Dhabi. Additionally, with Uber’s re-launch in Abu Dhabi, Emiratis will be able to drive on the Uber app using their private vehicles on a full-time or part-time basis. Mohammed Darwish...