AED

SIB’s net profit rises by 6.2 per cent

Sharjah - Wam

Sharjah Islamic Bank, SIB, has posted a net profit of AED 272.9 million for the first half of 2017 compared to AED 257.0 million for the same period last year, with an increase of 6.2 per cent. Total assets reached AED 36.9 billion at the end of the 2nd quarter 2017 compared to AED 33.5 billion at the end ofRead more

Dar Al Ber spends over AED 7.4 mln on 2,458 people

Abu Dhabi - Emirates Voice

UAE-based charity Dar Al Ber Society has spent more AED 7.4 million on 2,458 low-income families, Emiratis and people of different nationalities, in the first quarter of the year. On top of that, the charity paid more than AED1.3 million against the tenancy rents for 197 indigent families, and AED 30,608 against electricity bills for nine low-income families. This coveredRead more

Land sales take over 47% of real estate deals in Dubai

Cairo – Safaa Abdl El Kader

According to the Land Department statement, land sales took over 46.6% of AED 862 million real estate deals in Dubai, where the value of land sales in this period reached AED 402 million, and mortgages reached AED 209 million. Source: Timesofoman Read more

Strong winds, dust storms expected to continue in UAE

DUBAI - Arab Today

Global Village, the popular internationally-themed festival, recreation and retail park in Dubai, was shut down on Monday due to bad weather, the park’s management stated. “Due to current bad weather conditions, and in order to ensure the safety of Global Village’s guests and staff members, Global Village’s Management has taken the decision of not operating today, Monday March 20, 2017,”Read more

Deals worth over AED 4.41 billion struck on day one of IDEX 2017

Abu dhabi - WAM

21 deals worth more than AED4.416 billion were signed today at the opening day of International Defence Exhibition and Conference, IDEX 2017. Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson for the 13th edition of IDEX, made this announcement on Sunday evening, hoping that the transaction could increase to AED 20 billion at the end of five-day show. "15 of theRead more

Sharjah Second Electronic Auction for Vanity Plate Numbers

Sharjah - Arab Today

Sharjah Second Electronic Auction for Vanity Plate Numbers has recorded ground-breaking success, closing on AED 16,483,000 in revenue, with a 49% increase over its first edition. The auction, organized by Sharjah Police in collaboration with Emirates Auction from November 20th till December 2nd, 2016, attracted the attention of bidders from across the UAE and beyond, and saw heated competition until the veryRead more

ADFD secures AED 12 million for Algeria’s Health Sector

Abu dhabi - Arab Today

Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), has signed a Memorandum of Understanding ,MoU, to the tune of AED12 million with Hadidi Amer, Naama Province Section Chief at the Ministry of Health, Population and Hospital Reform in Algeria. The MoU was signed in the presence of H.H. Sheikh Mansour bin Zayed Al Nahyan, DeputyRead more

ADFD finances high-speed train

Abu Dhabi - Arab Today

Abu Dhabi Fund for Development, ADFD, signed a concessionary loan agreement to the tune of AED147 million with the Office Nationale des Chemins de Fer du Maroc, ONCFM, Morocco's national railway operator, to finance the construction of a high-speed train to reduce the distance between the cities of Tangier and Kenitra. Complementing ADFD's first instalment of AED368 million released inRead more

First phase of Dubai Water Canal costs AED1bn and extends 9 km

Dubai - Arab Today

Chairman of Dubai Holding Mohammed Abdullah Al Gergawi said that Dubai Holding's participation in the AED1 billion first phase of the Dubai Water Canal, which extends 9 km from Ras Al-Khor to Sheikh Zayed Road, based on the directives of Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, isRead more

Sharjah Chamber of Commerce and Industry Extends submission

Sharjah - Arab Today

The Sharjah Chamber of Commerce and Industry SCCI has announced the extension of submission deadline for The Sharjah Economic Excellence Network (ShjSEEN) Award till November 30th. The Award aims to strengthen the investment climate in the emirate, boost its competitiveness, and adopt the values of quality, leadership and innovation. ShjSEEN Award is organized with the support of His HighnessRead more