Business & Money | Saturday 16 February, 2019 2:00 am

Dubai Airbnb Market Worth Over US$101 Million

Chestertons MENA, the leading international real estate services firm, has launched its latest report outlining the growth of Airbnb in Dubai.      The 2018 data revealed revenues for properties listed on the online community marketplace increased by 69% compared to the...

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Business & Money | Friday 15 February, 2019 2:00 pm

Property loans for Saudi women approved

Saudi women will be able to get property loans from the Real Estate Development Fund (REDF), following a decision from its board of directors. The move aims to support Saudi women in purchasing property, as well as increase the proportion of home-owning Saudis to 60 percent by the end of 2020 and...

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Business & Money | Friday 15 February, 2019 3:54 am

Emaar Development records 74% growth in revenue to AED 15.433 billion (US$ 4.202 billion) in 2018

Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded a growth in net profit of 42 per cent during 2018 to AED 3.901 billion (US$ 1.062 billion), compared to the net profit of AED 2.743 billion (US$ ...

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Business & Money | Friday 15 February, 2019 2:05 am

Bluewaters welcomes its first residents

Bluewaters Residences by Meraas has officially commenced the handover of its first completed units and welcomed its first residents to their new homes in the elegant mid-rise towers.  With rolling vistas of the shimmering waters of the Arabian Gulf that stretch as far as the eye can see,...

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Business & Money | Thursday 14 February, 2019 12:00 pm

Sir Richard Branson cites conflict resolution and climate change as world’s most pressing issues

Sir Richard Branson has identified conflict resolution among world leaders and climate change as the two most pressing issues he wants to tackle in his lifetime, during a fireside chat at The Retail Summit in Dubai on Wednesday.   Speaking to Gary Thatcher, CEO and Co-Founder of The...

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Business & Money | Thursday 14 February, 2019 11:20 am

DAMAC Properties Announces 2018 Preliminary Financial Results

DAMAC Properties Dubai Co PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), today announced preliminary financial results for the year ended December 2018.   DAMAC reported a total revenue of AED 6.1 billion, while net profit stood at AED 1.2 billion. Booked sales for...

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Business & Money | Thursday 14 February, 2019 10:51 am

Ajman Free Zone announces official commitment to culture of innovation at “Digitalized Workplace” forum

Ajman Free Zone used its Innovation Forum, marking the UAE’s National Innovation Month, to announce its participation in a global accreditation scheme aimed at strengthening the culture of innovation across all of the organisation’s operations.  The announcement was made at the...

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Business & Money | Thursday 14 February, 2019 3:00 am

Chilean Exports to Mena Region Top Us$425 Million in 2018

The Middle East and North Africa (MENA) is no longer a hard nut for Chile to crack after it was revealed that exports to the region, from January to November 2018, were valued at US$425,349,135 million (19% y-o-y increase). This growth is partly attributed to robust Chilean walnut exports,...

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Business & Money | Thursday 14 February, 2019 2:02 am

Bidaya and Src Launch Fixed Profit Rate Ijarah to Improve Home Ownership in Saudi Arabia

Bidaya Home Finance Company has launched a new fixed Ijarah product in partnership with the Saudi Real Estate Refinancing Company (SRC) in a bid to further support the Saudi home financing...

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Business & Money | Wednesday 13 February, 2019 4:44 pm

Saudi International Airshow selects Alshams Energy as its exclusive fuel provider for the event

More than 100 aircraft including the Boeing 777, 787 and the Airbus A380 will be on display at the Saudi Airshow, a first of its kind event for Saudi Arabia. Saudi Airshow aims to further connect the aviation and aerospace industries to Saudi Arabia. The event will be held 12-14 March at Thumamah...

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