Dubai, UAE, February 19, 2018: Consolidating its presence in the UAE, the fixing systems division of Hira Industries LLC and Walraven Group of the Netherlands announced the opening of a new facility called Hira Walraven - valued at AED 20 million. The new facility located at National Industries Park (NIP) is the only dedicated facility for fixing systems in the UAE.
The new facility will be a central distribution warehouse, with a factory to manufacture products as pipe support clamps, support channels and rubber support inserts. The other major product lines of Hira Walraven products include light duty and heavy duty channels, anti-vibration products, mechanical and chemical anchors.
Dubai, United Arab Emirates, 18 February 2018: For the first time ever, Dubai Festival City welcomed over 150 fitness enthusiasts during Nike+ Run Club’s ‘My First Run’ edition held over the weekend.
Featuring expert coaches Luke Gaffney and Enisa Glavovic and pacers, first-time runners made their first step to a lifetime of running. Participants were taken on a 4-5km course across Dubai Festival City’s picturesque views - the perfect way to kick-off the weekend.
Ideal for those looking to enhance their lifestyle experiences and for visitors hoping to indulge in the local fitness scene, Dubai Festival City presents the perfect place for the family and loved ones to revel in. Residents and visitors to Dubai are sure to find an activity they love at the multipurpose venue which will also serve as the perfect ......read more
Financial Highlights for year ended 2017:
Revenue at AED 7.5 billion
Gross profit at AED 3.6 billion
Net profit at AED 2.8 billion
Booked sales of AED 7.5 billion
Earnings per share of AED 0.46
Board proposed dividend of AED 1.5 billion (AED 0.25/share)
Dubai, United Arab Emirates – 14 February 2018: DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for year ended 2017, reporting total revenue of AED 7.5 billion, a 4 % increase over last year and net profit of AED 2.8 billion. DAMAC also announced it has delivered 20,236 units as of 31 December 2017, marking a milestone for the company and the industry as a whole.
Gross Profit for the year is at AED 3.6 billion, 9% lower than last year as gross ......read more
Al Qattara Investments rebrands the Hazza Bin Zayed Stadium development and launches Al Ain Square
United Arab Emirates, Al Ain, February 14, 2018: Al Qattara Investments, the name behind the vibrant mixed-use development in Al Ain, has revealed its new brand identity, the rename of Hazza Bin Zayed Community to Al Ain Square, and furthermore the firm’s future plans for the city of Al Ain.
The announcements took place during a press conference in Al Ain’s Hazza Bin Zayed Stadium. The press conference was attended by excellencies and high profile dignitaries from Abu Dhabi and Al Ain.
The announcement marks the development of the community’s third phase, including residential, commercial and community facilities. Phase one and two were completed in 2014 and ......read more
The UAE’s largest department store bursts onto the top ten list of the World Retail Awards
Dubai — February 14, 2018 — Robinsons, the largest department store in the UAE, has been on the finalists list for the World Retail Awards and was recognized for the 2018’s Outstanding Store Design for stores larger than 1200sqm. For the last ten years, the World Retail Awards have recognized the highest standards of excellence in store design, as well as the very best retailers and retail initiatives across a range of categories.
The Robinsons story began on 25 February 1858, when John Spicer and Philip Robinson founded Spicer and Robinson in Singapore. Since then, Robinsons’ pioneering spirit has kept them at the forefront of Asian retail. In 2008, the Al-Futtaim Retail Group ......read more
Dubai Outlet Mall to add 3 million square feet in its expansion
Dubai Outlet Mall celebrates 10 years as a premier value-shopping destination as it looks to enhance its leadership in the UAE retail arena
Dubai, United Arab Emirates (February 13, 2018): Seeking to redefine the value shopping space in the UAE retail arena, Al Ahli Holding Group announced a significant development in the Dubai Outlet Mall expansion today. Dubai Outlet Mall secured an Islamic club financing facility worth AED 1.25 billion for the expansion and general corporate purposes. Dubai Outlet Mall is part of the Al Ahli Holding Group, which is a major UAE conglomerate.
Dubai Islamic Bank acted as the coordinator, mandated lead arranger, bookrunner, investment agent and security agent for the transaction with Ajman Bank, Al ......read more
Find gifts for him, her, kids and even your beloved pets effortlessly on SOUQ
8th February, 2018, Dubai, United Arab Emirates: On what’s considered as the most romantic time of the year, the love smitten couples can think of only one thing “where can I get the perfect present for the love of my life?” If you are running out of ideas and time with your busy schedules, your best solution is here at SOUQ.com, where lovers can avoid the hassle of gift hunting and buy your beloved a gift to cherish.
Whether your loved one is your better half, your pet or even your kids, SOUQ has unveiled a huge assortment of gifts for all of them! From gorgeous flowers, scrumptious chocolates, cuddly soft toys and jewelry for your lady love to fashionable clothes, grooming sets and gadgets for your handsome gent to ......read more
Dubai Festival City Mall to host Chinese New Year celebrations with special IMAGINE Laser & Water Show and retail offers across 90 different outlets from 15th – 24th February
8th February 2018, Dubai, UAE: Celebrating the ‘Year of the Dog’, Dubai Festival City Mall is the place to be this Chinese New Year from the 15th to the 24th February with special offers and events across 90 outlets for shoppers to enjoy.
The two-time Guinness World Record breaking, show like no other - IMAGINE, will celebrate with a special not to be missed Chinese New Year show. ‘Festival Bay will turn red’ in celebration of the Chinese lucky colour, a symbolism for joy and fortune.
GRAZIA Middle East will exhibit a unique display of ‘Simply Red’ fashion around Dubai Festival City Mall, ......read more
Karim Nahas brings nearly three decades of experience to the role
Abu Dhabi, UAE, February 7, 2018: Rotana Hotel Management Corporation PJSC has announced the appointment of Karim Nahas to the role of General Manager at the soon-to-open Pearl Rotana Abu Dhabi. The new hotel is set to open in the heart of Capital Centre - Abu Dhabi, the city’s bustling business district, at the beginning of March 2018.
Nahas brings nearly three decades’ of regional experience in the hospitality industry to the role. As General Manager at Pearl Rotana Abu Dhabi, he will oversee the upcoming launch, as well as all management functions, hotel operations and innovative strategy.
Nahas arrives at the Pearl Rotana Abu Dhabi after two successful years as General Manager at Towers Rotana, Dubai. He first ......read more
This year, make it a night to remember with the special room and dinner packages from Hilton Dubai Jumeirah and Hilton Dubai Creek
Dubai, February 7, 2018 – This year, Hilton Dubai has crafted two heartwarming offers for the most romantic day of the year. Hilton Dubai Jumeirah and Hilton Dubai Creek, two of city’s most iconic properties, will be treating couples to a perfect staycation on the 14th of February, including an intimate dinner, a cozy overnight stay and a scrumptious breakfast the next morning.
Hilton Dubai Creek, the five-star hotel ideally located at Dubai Creek, is offering couples the opportunity to indulge, dine and create memories. Starting the evening is a five-course romantic dinner at Table 9, featuring signature dishes such as a tantalizing duck prosciutto with sweet ......read more
Abu Dhabi, United Arab Emirates - 6 February 2018: February is shaping up to be an exciting and eventful month at Dalma Mall, as the Ministry of Interior’s exhibition highlighting the different innovative ideas and creative inventions have been brought to life in the Emirate of Abu Dhabi at the Mall’s central atrium. This exhibition took place in recognition of the Month of Innovation and showcased a wide range of tools, gadgets, devices and much more from 1– 6 February 2018, a per the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Innovation enthusiasts came together to get an exclusive look at latest ideas and inventions of the Ministry of Interior has exhibited. Several exciting activities took place such as fun games ......read more
Dubai, UAE; February 06, 2018: Hormann, a leading provider of doors, gates, frames and operators in the region; has introduced new lift barriers equipped with EFO (Emergency Fast Operation) emergency function to secure passages of up to 10 meters in width. They are suitable for very frequent use, capable of managing approximately 2000 movements in a day; and come with a long service life equivalent to approximately 3,000,000 movements.
The new lift barrier H version from Hormann along with its integrated hydraulic operator is 1300 mm in height and up to 10m in length; and it is fitting with low foundation depths. Its speed lifting is the same as its speed lowering which is 18.5 cm/s.
Commenting on the launch, Darius Khanloo, managing director, Hormann Middle East and Africa, said: “The lift barrier is a ......read more
The new project is confirmed for one of the largest waterfront plots in Dubai’s Marasi district; includes luxury hotel and residences
Dubai, UAE, February 06, 2018: Omniyat is bringing the famous and historical Dorchester Collection brand to Dubai for the first time with an iconic new development on the banks of Dubai Canal.
The collaboration between the Dubai-based high-end developer and the luxury hospitality brand is a long-term agreement that will be rolled out in the coming years, putting Dubai on the same globally important footing for Dorchester as its established hotels in locations such as London, Rome, Beverly Hills and Paris. The project will include a 5-star hotel and luxury residences, managed by Dorchester Collection, at Marasi.
In addition to the new development, full details of which ......read more
Dubai, UAE; February 5, 2018: The fourth edition of the Zak World of Façades, the region’s premier conference on façade design and engineering, will focus on the latest innovations and challenges in the construction industry pertaining to the building envelope, and digital impact on modern façade design.
A line-up of industry leaders is confirmed to speak at the event including Filippo Lodi, Head of Innovation and Knowledge Management, UNStudio; John Kim, Design Director, AE7; Richard Fenne, Principal, Woods Bagot; Mathieu Meur, Director - Technical, DP Architects; Armin Buchbinder, Head of Design, BSBG; Benjamin Beer, Technical Director, Meinhardt Façade Technology and others.
According to Syed Zakir Ahmed, Chairman and Managing Director of ZAK conference, “Among the GCC countries, the UAE leads the ......read more
Dubai, United Arab Emirates, February 4, 2018: Food lovers across Dubai are in for a special treat as Dubai Festival City, Al-Futtaim Group Real Estate’s fully integrated mega project, has pulled out all the stops to provide a gastronomical adventure across its retail, residential and hospitality destinations during Dubai Food Festival.
Dubai Festival City Mall will turn into a foodie’s paradise with the popular five-week long Festival of Flavours from the 7th of February until the 10th of March filled with special offers, instant prizes at over 75 different restaurants and cafes.
Introduced for the first time this year is the Organic Souk at Dubai Festival City where visitors can enjoy a diverse selection of the freshest organic local produce, daily picked and ready for purchase.
The Organic ......read more
Khansaheb Civil Engineering has been appointed as the fit-out contractor for the first hotel announced by Jumeirah Group under the Zabeel House by Jumeirah TM brand.
DUBAI – February 04, 2018: Ishraqah for Development Limited, a leading UAE based developer, has announced its first hotel at The Onyx Project, located on Sh. Zayed Road, in the Greens master development. The hotel is scheduled to open in quarter four of 2018. Zabeel House by JumeirahTM - The Greens is the first hotel to be announced under the Zabeel House by Jumeirah TM brand. The Onyx is Ishraqah’s prestigious freehold project, which along with the hotel, consists of residential and commercial towers and three levels of retail shops and restaurants in the podium, making it a key local community destination in Dubai.
Khansaheb Civil Engineering, ......read more
Sharjah, United Arab Emirates, 28 January 2018: Sahara Centre, Sharjah’s leading retail, entertainment and leisure destination, is proud to be displaying the world’s largest gold ring, Najmat Taiba (Star of Taiba), for the pleasure of its discerning visitors. Customers at the mall will enjoy an exclusive opportunity to view the USD 3 million masterpiece as it becomes Sharjah’s star attraction this month.
The 21-carat Najmat Taiba, which has been recognised by the Guinness Book of World Records and endorsed by the World Gold Council, weighs almost 64 kilograms (141 pounds) and is studded with 5.1 kilograms (11 pounds) of precious stones and diamonds, as well as 615 Swarovski crystals. 55 jewel smiths worked for 10 hours a day for 45 days to craft the ring, which is owned by Dubai-based company Taiba ......read more
Dubai, UAE; January 22, 2018: Hormann Middle East and Africa has launched road blockers with optional EFO (Emergency Fast Operation) to secure passages up to 6 m wide. They are available in the Road Blocker 500 variant from Hormann with a barrier height of 500 mm or in the Road Blocker 1000 version with a barrier height of 1000 mm. Road Blocker 500 SF is suitable for fitting on finished floor surfaces since no groundwork is required.
There are also lift barriers available to safeguard controlled entrances and exits up to 10 meters in width. They are suitable for very frequent use and meet high safety requirements.
Also available are tyre killers that enable controlled, uni-directional passage while preventing passage in the other direction. While Hormann’s Tyre Killer M variant is suitable for average use ......read more
Abu Dhabi, 22 January 2018: Yas Mall, the largest mall in Abu Dhabi, is the only mall in the UAE to extend its sale until 31st January, enabling its visitors take advantage of incredible discounts and special offers. Yas Mall’s sales are known to offer incredible value, and now with this extended sale, there’s nothing stopping visitors from finding amazing deals!
For those looking to refresh their wardrobe or home, Yas Mall’s extended sale will include discounts across the mall including popular brands such as Debenhams, Centrepoint, The One, Virgin Megastore, Stadium, H&M, House of Fraser, plus many more.
Catering to a wide audience, the sale will include further reductions across all segments including fashion & accessories, sports, electronics and home furnishing so that there is something ......read more
Wade Adams appointed to complete first phase of infrastructure addition
Project to span 16 million square feet
Dubai-UAE: 21 January, 2018: Dubai Industrial Park (DI), a designated district within Dubai Wholesale City (DWSC), today announced the AED135 million infrastructure development and road expansion project spanning an area of 16 million square feet that is set to commence on its premises.
The expansion works stem from the park’s commitment to pre-emptively address the potential growth of the industrial sector in Dubai and wider UAE, which reflects the strides of the Dubai Industrial Strategy since its launch 2016. The contract has been awarded to Wade Adams, a Dubai-headquartered general construction and project development company with international experience.
As the ......read more
Dubai-UAE: 21 January, 2018 – Marking the commencement of ‘Year of Zayed’, Awqaf and Minors Affairs Foundation (AMAF) today inaugurated the first endowment residential and commercial project in Al Bada’a area of Dubai, funded by an endowment from Khalaf Ahmad Al Habtoor, Chairman of Al Habtoor Group. Proceeds from the project will be allocated to AMAF’s general charity mandate.
His Excellency Tayeb Al-Rais, Secretary General of AMAF, Khalaf Ahmad Al Habtoor, Omar Juma Kalandar, Director of AMAF’s Endowment Development Department, and several officials from the Foundation attended the ceremony.
In December 2016, AMAF and Khalaf Ahmad Al Habtoor signed an endowment investment contract to launch the project that seeks to enhance the living standards of the underprivileged and ......read more
21 January 2018 – Abu Dhabi, UAE: Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, and strategic partner to the UAE Armed Forces, has partnered with Rolls-Royce to lay the groundwork for the provision of enhanced naval shipbuilding, repair and refit services across the GCC.
Dr. Khaled Al Mazrouei, CEO of ADSB, and Leo Pantazopoulos, Rolls-Royce’s Senior Vice President, Asia & Middle East, signed a Memorandum of Understanding (MoU) that will see the companies move toward the provision of integrated engineering sustainment and supply chain services for military vessels.
The MoU will enable the development of world-class lifecycle management solutions for regional defense stakeholders. It will also reinforce ......read more
Abu Dhabi, United Arab Emirates; January 20, 2018 – The Department of Transport – Abu Dhabi and Masdar, Abu Dhabi Future Energy Company, have signed a Memorandum of Understanding (MoU) to cooperate in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies.
His Excellency Khalifa Mohamed Al Mazrouei, Undersecretary of the Department of Transport, and Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer, signed the agreement at Abu Dhabi Sustainability Week 2018.
The multifaceted partnership aims to establish pilot projects promoting local capacity building. The agreement also covers the development of infrastructure for the testing and validation of smart electrical and autonomous vehicle technologies by both government and the private ......read more
Caviar, Bubbly, and Bespoke Spa and Dining Epitomize Luxury Resort’s Cachet
Abu Dhabi, United Arab Emirates, January 17, 2018 – February 14th will be a dream come true for some couples, with a deluxe Valentine’s Day deal at The St. Regis Saadiyat Island Resort, Abu Dhabi.
Including an overnight stay in the hotel’s spacious sea-facing Spa Suite or Ocean Suites, valued at AED 15,730* and AED 9,982* respectively, The St. Regis Valentine’s Day Romance package is surely the UAE capital’s most lavish offer of the holiday.
Upon arrival in their ample accommodation, adorned with rose petals for an extra-special touch, guests will receive French bubbles, caviar, and chocolate-dipped strawberries. In the evening, they will feast on a sumptuous three-course gourmet meal accompanied by a bottle of ......read more
Chance to win prizes up to AED 1 million, opportunity for a Hollywood Getaway and wonderful bargains to delight shoppers
Kite Fiesta 2018 will be a wonderful visual spectacle for visitors
Dubai, UAE (January 16, 2018): – Dubai Outlet Mall has unveiled a range of attractions for the 23rd edition of the Dubai Shopping Festival (DSF) to delight shoppers. From substantial prizes, opportunity for a Hollywood getaway, wonderful bargains to a marvelous visual spectacle with kites, DSF 2018 at Dubai Outlet Mall will be an amazing experience for shoppers.
Customers will be able to enter a raffle draw to win prizes up to AED 1 million when they spend AED 200 at any store in Dubai Outlet Mall. As the only ‘Value’ concept mall in the Middle East and home to over 1200 of the world’s premium and top ......read more
Topping out ceremony held in the presence of senior officials
Net-zero building to showcase new standards in sustainable architecture
State-of-the-art Tesla Powerpack to supplement energy requirements
Sharjah, United Arab Emirates, December 11, 2017: Bee’ah, the Sharjah-based award-winning environmental management company, has made great headway in the construction of its iconic new headquarters. The company commemorated the completion of the highest point of the structure, with a topping out ceremony held on Sunday, 10th of December, at the location of the site ......read more
The new system is a comprehensive directory of all Abu Dhabi engineers who have met high standards of professionalism within the industry.
Abu Dhabi, December 10 2017: The Department of Urban Planning and Municipalities (DPM) today announced the launch of its new registration system for all engineers in Abu Dhabi.
Upon DPM approval, they will get an official card that will certify them to work across Abu Dhabi.
In line with the Abu Dhabi Plan, the integrated digital system ensures mutual recognition of all qualifications listed for every engineer. This streamlined process ......read more
Audiences set to be wowed at free event on Festival Bay to celebrate the New Year
Dubai, UAE, 10th December 2017: To celebrate the new year, Dubai Festival City Mall has announced a spectacular schedule of events which includes live musical performances, exciting shows from their global attraction IMAGINE and four firework displays throughout the evening.
The free entertainment at Dubai Festival City Mall will kick off from 7 pm. Festival Bay will then light up with fireworks at 9pm, 10pm and 11pm and a grand finale firework display at midnight to welcome in the New ......read more
Continuous promotion of the application stresses transparency in the real estate sector and enhanced user productivity
Dubai, United Arab Emirates, 9th December 2017: The ‘Ejari’ smart application developed by Dubai Land Department (DLD) protects the rights of all parties in the real estate sector including owners, tenants and property management companies.
Following new upgrades introduced by DLD, the application has gained an even higher level of efficiency in enhancing user productivity, reducing the cost and time required to complete lease registrations, and most ......read more
14 states and 60 cities across India
The free-to-attend exhibition will be held on 7th, 8th & 9th December in Halls 7 & 8, Dubai World Trade Center
Tempting offers for on spot purchase, flat discounts, free home through lucky draw, and complimentary tickets to global destinations including India.
Indian property price growth predicted to rise to as high as 30% per annum
Indian real-estate contribution to GDP projected to increase to nearly 13% by 2025 from 6.3% now
December 7, 2017; Dubai, UAE: More than 200 Indian property developers across 14 ......read more
UAE-based Pakistanis can head to “Real Estate & Investment Pakistan Expo” being held at the Sharjah Expo Centre over the weekend to scour through property bargains during the first edition of the two-day Pakistan Property Exhibition that will run from December 8 to 9, 2017.
“Developers from the port city of Karachi and Province of Punjab will showcase and sell their projects at the exhibition. The exhibitors will also feature exclusive deals and bargains visitors. On sale are housing plots, villas, apartments, commercial offices and plots amongst other investment ......read more
Market has clocked a sales growth of 28 per cent post-demonetization as per latest study
Prestige Group ‘Buy now, pay later’ offer to attract NRI consumers
6th December, 2017, Dubai - UAE: The realty market in India seems to have shaken off the impact of demonetization by registering sales growth and now showing signs of revival. Optimistic on the growth of the affordable and premium segment properties, while seeing consolidation in the luxury segment, market stability has returned while buyer sentiment is upbeat because of the trust wave generated by ......read more
Over 80 reputed builders from Kerala, Karnataka, Tamilnadu, Andhra Pradesh and Telangana to feature budget to super luxury properties
Over 200 developers from across India to showcase Best of India at the exhibition from 7th- 9th December at Dubai World Trade Center, Hall 7 and 8
For the first time, the property show will feature a “Consumer Grievance Redressal Forum” at the venue
04 December, 2017; Dubai, UAE: The CREDAI’s Indian Property Show slated for this weekend will see a huge participation from South Indian developers. With about 200 reputed RERA ......read more
Light Middle East showcases leading global brands eyeing future growth in lucrative regional market
Dubai, UAE, December 4, 2017: The booming hospitality sector in the UAe,, has become one of the chief drivers behind the rise in demand for top of the range lighting design, as can be seen from the trends leading up to Light Middle East 2017, the region's premium international showcase for lighting design and technology.
Research firm STR reports that there are currently 99 hotels under development in the UAE, the highest in the Middle East, which represents 17 per ......read more
UAE, December 3, 2017 – Al Rajhi Building Solutions Group, announced that Cladtech International LLC (CTI), a civil engineering and construction company, awarded a contract from Al Saad General Contracting Company for the manufacture and installation of curtain wall facades for ‘Sail Tower’ megaproject in Jeddah, Kingdom of Saudi Arabia (KSA). The Tower covers the construction of a 60-storey tower that will contain a 242 luxury hotel rooms; 104 serviced apartments and parking spaces for 600 cars.
Dr. Khalid Al Rajhi, Chairman, Al Rajhi Building Solutions Group, ......read more
Dubai first Quality Residences with Quality Control by TUV Nord blends strategic location, opulent architecture & high end amenities
Dubai, UAE, December 03, 2017: Vincitore Real Estate Development, Dubai’s first quality branded real estate developer, has officially handed over its flagship Vincitore Palacio residential project to its owners during a ceremony graced by several dignitaries. The event marked a major milestone in the developer’s ongoing efforts to deliver properties embodying its promise of ‘Quality Real Estate at Value Par ......read more
win one gram of gold with every kilogram reduced @ Danube
3rd December, 2017; UAE: Danube Group, UAE's largest diversified conglomerates with interests in building materials, property, construction and home furnishings joins hand with the Dubai Fitness Challenge and kick started a glittering weight loss rewarding programme for all the employees across branches from September 11th to December 10th2017.
The campaign aims to encourage employees to lose weight and find time for physical activity to stay fit and healthy. As per the initiative one can win one gram of gold with every ......read more
Dubai, UAE; December 03, 2017: Technal Middle East, a pioneer in architectural aluminium facade systems, has launched a campaign to create more awareness among UAE building contractors, consultants and specifiers about fire safety for building facades.
According to Sam Robinson, General Manager, Technal Middle East: “We have developed a guideline to help the construction industry better understand how to ensure compliance with the relevant codes and standards for fire safety of external walls on high-rise buildings. Our guideline makes understanding the fire hazards of ......read more
Dubai, UAE, December 3, 2017: In celebration of the inspiring success story of the UAE and its unity for 46 years, guided by the shrewd vision of its leaders, Robinsons, the leading fashion department store located at Dubai Festival City Mall, is taking the UAE National Day to a whole new level this year. Robinsons is proud to present a unique trunk show, bringing together the talents of local and regional designers that will be showcasing some hot off the runway and ready-to-wear couture abaya designs, jewelry and bags, all in a beautiful fusion of local and global ......read more
UAE, November 29, 2017 - Drake & Scull International PJSC (DSI), a regional market leader in engineering and construction services, joined the whole nation in its celebration of the 46th founding anniversary of the UAE amid an atmosphere of pride and belonging to the nation. The employees and executive management held a special flag raising event where they renewed their pledge to contribute to the advancement of the UAE's leadership in line with the vision and policies directed by the wise leadership, which carries the message of the Union in a sincere and capable manner and to ......read more
SOUQ doubles number of items sold during White Friday 2017 compared to last year’s event
With one million deals on offer, total number of items sold more than doubled compared to last year’s event
18 items sold per second during highest traffic time
Products from over 16,000 fashion, beauty, electronics, grocery and other brands were on sale
Over 70% of customers shopped through mobile devices across the region
Almost half of customers paid using electronic payment methods
29th November, 2017, Dubai, United Arab Emirates: SOUQ.com today announced that the ......read more
Abu Dhabi, UAE; November 29, 2017 – Enviromena Power Systems (Enviromena), a portfolio company of Masdar, Abu Dhabi Future Energy Company, has been successfully acquired by Arjun Infrastructure Partners (AIP).
AIP is a UK-based independent infrastructure investment advisory company. It partners with institutional investors, mainly pension plans, to access direct infrastructure investments.
UAE-based Enviromena develops, deploys and operates clean energy solutions throughout the MENA region. With a project footprint spanning nine countries, the company ......read more
DUBAI- November 29, 2017: Caparol Paints, a global leader in the paints industry, are showcasing their new unique fire resistant and super-efficient non-combustible External Thermal Insulation Composite System (ETICS) technology. The system boasts innovation, durability and longevity. The new ETICS technology was launched at the ongoing Big 5 exhibition at the Dubai World Trade Center.
ETICS technology by Caparol Paints has been designed to save energy and improve the climate inside the buildings. It substantially reduces heating and air conditioning costs by maintaining ......read more
The mall will stage a number of family-centric social, cultural and entertainment activities
Dubai, United Arab Emirates, 28 November 2017: In an endeavour to showcase the Emirati culture, customs and traditions, Bawadi Mall in Al Ain will stage a number of family-centric, social, cultural and entertainment activities as a part of their celebrations organised on the occasion of the UAE’s National Day which will run from November 29th until December 3rd.
“UAE’s National Day is an important occasion to reflect back on UAE’s heart-warming culture and ......read more
At Dubai’s biggest construction industry exhibition - Big5 the company to highlight a lock as unique as a DNA and Advantis – the new range of electronic locks
Dubai - November 28, 2017: Godrej Locking Solutions and Systems(LocksS), the largest padlock manufacturer in Asia and a company that has been securing homes for the last 120 years in India, today launched the world’s most secure locks Godrej Herculoc and Godrej Advantis at the Big 5 exhibition in Dubai. The Big 5 is the largest construction event in the Middle East.
Godrej LocksS has been synonymous for ......read more
Dubai, UAE, November 28, 2017: UAE National Day celebrations at The Dubai Mall are not-to-be-missed, with a host of cultural activities, performances and giveaways, allowing families, friends and the community to come together to mark the ‘Spirit of the Union.’
In collaboration with the Sheikh Mohammed Centre for Cultural Understanding, Emirati hosts will welcome visitors to the Souk Atrium which will be transformed into a cultural “majilis.” Guests will be served traditional coffee and dates as they listen to stories of the UAE’s culture and ......read more
The UAE-based business conglomerate will soon unveil more hypermarkets, further consolidating its retail presence in the GCC and India.
DUBAI – November 28, 2017: The UAE-based retail major Fathima Group opened its second hypermarket in Ras Al Khaimah as part of its wider growth plans in the GCC. HE Eng. Sheikh Salem Bin Sultan Al Qasimi, and HE Sheikh Majid Bin Sultan Al Qasimi inaugurated the outlet in the presence of Fathima Group Chairman Mr. E.P. Moosa Haji, Managing Director Mr. E.P. Sulaiman Haji, CEO Mr. Sameer Sulaiman and other senior dignitaries.
The ......read more
UAE, November 27, 2017 - Drake & Scull International PJSC (DSI), a regional market leader in engineering and construction services, has announced that its shares have been included in the MSCI GCC Index. The move demonstrates the growing regional and international confidence in DSI’s turnaround plan, which is expected to help bolster investor interest in the company.
DSI’s inclusion in the MSCI GCC Index comes just a month after the company’s successful completion of a comprehensive Recapitalization Program designed to improve the financial and operational performance ......read more
Sharjah, 27 November 2017: HE Marwan Jassim Al Sarkal, CEO of Sharjah Investment & Development Authority (Shurooq) and HE Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, inaugurated the first International Concrete Conference & Exhibition in the Middle East (ICCX Middle East 2017) yesterday (Sunday). More than 100 exhibitors and 1,000 international experts in the construction sector attended the event.
The exhibition, which is unique to the region, is particularly important because of its portfolio of construction and planiing projects in the GCC which are estimated to be ......read more
17.4% increase in UAE active construction projects draws to Dubai 2,500+ companies from around the world
Monday, November 27, 2017: The continued expansion of construction activities in the GCC region is attracting an increased number of international exhibitors at The Big 5 this year. According to the latest statistics by BNC Network, there’s been a 17.4% growth in the number of active construction projects in the UAE in 2017 compared to the previous year, and an 8.6% increase in terms of value, which reached USD 818 billion.
“Over 2,500 companies from 60 ......read more
Free to attend educative seminars at CREDAI’s Indian Property Show on 7th, 8th and 9th December
Dubai based expert Dr. Padmaja Yadav to also provide quick tips on home interiors and science of architecture
November 26, 2017; Dubai, UAE: Converting a brick-and-mortar house into a welcoming home is everyone’s dream. Yet, all it requires is some warmth, love, and understanding of Vastu and interiors. Learn more about this science of architecture and its application in home decor during the free to attend seminars at the upcoming CREDAI’s Indian Property ......read more
Dubai, UAE, November 23, 2017: Starting today until November 25, Al-Futtaim ACE and Plug Ins are offering massive White Friday deals both online and in-store across a range of products.
There will be amazing deals on selected items from Outdoor, Garden, Home, and DIY from leading brands including Dyson, Siemens, AFTRON, Homeworks, Apple, Samsung, LG, Panasonic, Bosch, and Lenovo amongst others. Additionally, on a minimum spend of AED 500 at Al-Futtaim ACE stores, customers will be entered into a raffle promotion where 20 shoppers will receive a chance to win 5g of gold ......read more
Dubai, UAE, November 23, 2017: Shopping in Dubai is about to get even more exciting, as The Outlet Village, Dubai’s first upscale outlet mall, gears up to celebrate the 3 Day Super Sale Dubai from the 23rd – 25th November.
Housing three department stores, international dining and over 125 top brands such as DKNY, Calvin Klein, Tommy Hilfiger, Ted Baker and many more, The Outlet Village is the perfect destination for luxury shopping fans looking to acquire iconic brands at exceptional prices this weekend.
Located in Jebel Ali, just 15 minutes away from JBR ......read more
The brand new American Girl store has officially opened at City Centre Mirdif
This is American Girl’s first location in Dubai and outside of North America
American Girl is hosting a launch event open to all on Friday, November 24th
Dubai, United Arab Emirates, 22 November 2017: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa, and Asia, today announced that American Girl, the premium brand loved by girls everywhere, has officially opened its doors in the UAE! The brand new store at City Centre Mirdif is ......read more
Mall-wide sale will offer discounts from 30% up to 90% off
Abu Dhabi, 21 November 2017: Yas Mall, the largest mall in Abu Dhabi, will launch its Black & White Weekend Sale, from Thursday 23 November to Sunday 26 November. Inspired by the global sale event ‘Black Friday’, Yas Mall’s array of international retailers will offer discounts of up to 90%, helping visitors shop at great deals, including House of Fraser, Debenhams, the One, Home Centre, E- Max, plus many more.
With the 2017 Formula 1 Etihad Airways Abu Dhabi Grand Prix happening at the ......read more
The Olympics of online shopping are coming to region. Top tips to win the best deals at the SOUQ's biggest sale of the year
21 November 2017, Dubai, U.A.E: On your mark, shoppers! The region's biggest online shopping days are about to kick off. The much-awaited annual SOUQ White Friday 2017 is all set to be bigger and better than ever before, with a line up of the best deals and the biggest range of products. With a whopping 5 million items to choose from, customers are going to need to build some serious shopping stamina to make the most of the sale.
Just as ......read more
With a special flypast and a festival of fireworks, Dubai Festival City Mall is THE place to be on the 2nd of December
Dubai, United Arab Emirates 20th November 2017: On the 46th National Day, Dubai Festival City Mall will host a series of events at Festival Bay from 1.30pm in the afternoon till 11.15pm, including a flypast by Al Fursan, spectacular aerobatics, fireworks and a special edition IMAGINE show.
The packed schedule of events will begin with ‘Al Fursan’ – Arabic for ‘The Knights’ and continue throughout the day, including ......read more
Shoppers can snap up deals on a whopping five million products that will match the lowest prices in the region
SOUQ further boosts operational excellence ahead of White Friday sale to create a superior customer shopping experience
Targeted investment into expansion of Fulfillment Centers to gear up for increased demand
Growth in number of staff and additional pickup points to meet high volume of orders
Roll out of credit card payment on delivery in the United Arab Emirates (UAE)
20th November, 2017, Dubai, U.A.E: SOUQ.com, the online retail and marketplace in the Middle ......read more
Key retailers at Dubai Festival City Mall set to slash prices with discounts up to 30-90%
Dubai, United Arab Emirates, 19 November 2017: Dubai Festival City Mall gets ready for the next edition of the Dubai 3-Day ‘Super Sale’. From 23rd to 25th November key retailers will be offering unbeatable discounts and offers, with up to 90% off popular items over the course of the weekend.
Selected retailers at Dubai Festival City Mall will open their doors an hour earlier, from 9am, allowing for an extended shopping period. Shoppers will have access to ......read more
The new update includes all areas of the Emirate and the inclusion of indexes for new projects
Residential, commercial and industrial properties are all included in the latest upgrade
Dubai, United Arab Emirates, 18 November 2017: Dubai Land Department (DLD) has announced that the rental index has been updated for 2018. DLD confirmed that the new update is for all residential, commercial and industrial properties in the Emirate of Dubai.
DLD’s specialists have adopted a variety of mechanisms to carry out the upgrade process, including reading the average data of tenancy ......read more
November 15, 2017 - DuPont recently presented its new Nomex® based fabrics and innovative protective solutions for firefighters and industry workers at this year’s A+A in Dusseldorf, Germany. They offer, for example, better protection for industry workers against the thermal effects of electric arcs. Moreover, the company announced the winners of the 'Nomex® Innovation Award 2017' at a gala ceremony on the first day of the trade show. The award is open to members of the DuPont™ Nomex® EMEA Partner Program, a carefully selected network of spinners, weavers, ......read more
Q3 2017 Highlights
Recapitalization Program successfully completed
Tabarak Investment Injects AED 500 million in Equity
Debt restructuring expected to be concluded across key markets in Q4 2017
Q3 2017 Revenue stood at AED 590 million
Ongoing UAE projects portfolio contributes 42% of the company’s Q3 2017 revenue
The New Management conducts a projects commercial review and records additional provisions, revenue and margin adjustments for legacy projects across key markets
The lack of liquidity prior to the completion of the Recapitalization Program and to the ......read more
SOUQ’s biggest online sale to run an unprecedented 500,000 deals on 16,000 brands for shoppers in the GCC and Egypt from 22 to 25 November
50 times more deals on offer than last year across all categories, from electronics to furniture, fashion, toys and much more
SOUQ adds massive new line up of leading labels on offer for White Friday Sale
14 November 2017, Dubai, United Arab Emirates: SOUQ.com has announced the return of its biggest online shopping event, the annual “White Friday Sale”, with 500,000 deals across the region on more than 16,000 ......read more
European hub will give employees and visitors a first-hand view of how Steelcase is using space to learn, innovate and grow in a disruptive environment
Dubai, UAE, November 12, 2017: Steelcase has announced the opening of its newest Learning + Innovation Center (LINC), capping a multi-year effort to bring together employees and propel global growth. The new LINC is the latest extension of the company’s global network, part of a geographically distributed approach to innovation. As organizations recognize the importance of face-to-face interactions and shift back to ......read more
His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department
Dubai, UAE, November 11, 2017: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. (19) of 2017, partially amending Law No. (13) of 2008 on Interim Property Registration in Dubai. The new law reflects our continuous efforts to complete the legal system that regulates our real estate sector.
Such amendments are announced periodically and follow an in-depth assessment of market needs. They reflect the aspirations ......read more
Calculator eases the relationship between landlords and tenants and minimises disputes
Dubai, UAE, November 11, 2017: Dubai Land Department (DLD) is a pioneer in finding proactive solutions for ensuring transparency and enhancing the comfort and happiness of all parties in the real estate market. Through its management and regulatory arms, transactions are closely monitored in addition to the regulatory requirements of the real estate rental management sector and any disputes that arise between parties to a rental contract.
DLD allows all parties to access ......read more
In order to achieve success as an entrepreneur, it is vital that you spend your money wisely; you need to make sure that any outgoing expenses have a positive impact on your business. While it is true that you need to speculate to accumulate, this is only the case if you are making sensible decisions. As your business grows, you will also need to ensure that your finances are fairly divided. You don’t want all of your funds going to one aspect of your organization, while another area suffers. If you are determined to be successful in your entrepreneurial endeavors, you will need to read ......read more
Dubai, November 9 2017: This November, QNET, prominent Asian direct selling company, urges everyone to commemorate Global Men’s Health Month by encouraging the men in your life to take care of their health.
QNET, through their ‘Absolute Living’ Campaign, propagates a holistic lifestyle for people, helping you achieve a balanced life with a healthier body, mind and spirit. With a wide array of products that make well-being accessible to all, QNET aids men to proactively take care of their physical health. QNET has something for every man, helping him ......read more
The closing ceremony for the 30-day Challenge is set to be hosted at Dubai Festival City Mall
Dubai, United Arab Emirates, 7 November 2017: As thousands take part in the Dubai Fitness Challenge this month, Dubai Festival City, one of emirate’s largest mixed-use developments, is gearing up to host the grand closing ceremony on November 17th and 18th.
From surprise celebrity appearances and fitness demonstrations from Dubai’s top trainers to dragon boat racing and sunset yoga on the Festival Bay Helipad, Dubai Festival City has revealed some of the ......read more
Dubai, United Arab Emirates – November 7, 2017: His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq Bank is the inaugural recipient of the Cal Poly Alumni Excellence Award presented by the California Polytechnic State University Alumni Association at the Honored Alumni Awards Celebration. Established in 2017, the Cal Poly Alumni Excellence Award pays tribute to an outstanding graduate who has demonstrated a lifetime of professional achievements and global contributions.
“I’m very proud of His Excellency’s accomplishments,” Cal Poly President ......read more
Dubai, November 4, 2017 - Automotive brand BORGWARD Group AG is set to introduce its renowned brand of aesthetics and performance to automobile enthusiasts across the GCC during its first-ever participation in the 14th Dubai International Motor Show. The company will showcase its user-friendly intelligent models featuring competitive German-made technology at Hall 2 -Stand 200 during the show’s run from November 14 to 18, 2017 at the Dubai World Trade Centre.
BORGWARD occupies a prominent place in German automotive history. Founded by automotive genius Carl F.W. Borgward ......read more
Dubai, November 05, 2017: Reaffirming its market-leading position, Centrepoint, the region’s largest fashion retailer, swept all four of its nominated categories at the ICSC 2017 Middle East and North Africa Shopping Centre Awards.
Centrepoint took home Best MENA Retail Brand, Best Store Design for its store at Doha Festival City, Best Cause Related Marketing for its Family Clock initiative and the Gold for Best Digital & Social media marketing for its Sale campaign.
Simon Cooper, Head of Centrepoint, said: “Over the years we have worked to ensure that ......read more
Dubai, UAE, November 2, 2017: Hundreds of Dubai residents gathered at Dubai Festival City Mall early Thursday morning on the 2nd November, with Al-Futtaim employees and students from Universal American School in Dubai Festival City, to celebrate UAE Flag Day.
The entire Dubai Festival City Mall façade will light up in the colours of the UAE flag every night leading up to UAE National Day.
Dubai, UAE, October 31, 2017: The Sheikh Zayed Housing Programme (SZHP) and Abu Dhabi Future Energy Company, Masdar today signed a Memorandum of Understanding (MoU) to expand the development of the Masdar “Eco-Villa” sustainable home concept around the United Arab Emirates.
The agreement was signed by Mohamed Ibrahim Al Mansouri, Executive Director of Engineering at the Sheikh Zayed Housing Programme (SZHP), and Yousef Baselaib, Executive Director of Sustainable Real Estate at Masdar, on the first day of the Arab Future Cities Summit Dubai 2017.
Launched during ......read more
Davide Padoa, CEO of Design International, will give an address on the key trends in retail architecture at the RECon MENA next week. Well known for its ability to anticipate market shifts and integrate them into highly creative designs, Design International has an established reputation as an innovative architectural and design practice.
Speaking ahead of the conference, Davide said: Shopping centres are no longer simply about making a purchase. People want to buy into something that is surprising and stimulating and has an authentic value for them and their community. It is ......read more