The recovery of the UAE property market to pre-crisis levels could take up to two years, an executive at Dubai-listed developer Damac Properties said. The recovery of the real estate market “will be a long one, perhaps 12 to 24 months,” Amira Sajwani, senior vice president at Damac, was cited as saying by the Zawya[…]

Theme park operator to appoint financial, legal advisors for the evaluation of the deal DXB Entertainments, which operates theme parks in Dubai, will meet on Wednesday, December 30, to review and evaluate the offer of Meraas Leisure and Entertainment for the takeover. On December 20, Dubai property company Meraas, which owns more than[…]

JEDDAH: Fears of a new military confrontation in Libya grew on Monday after Turkey issued a direct threat to the forces of eastern commander Khalifa Haftar. Turkey is the main backer of Libya’s Government of National Accord (GNA) in Tripoli, which Haftar’s Libyan National Army (LNA) is fighting to oust, backed by Russia, the UAE,[…]

UAE president forms new Abu Dhabi Supreme Council … CAIRO: United Arab Emirates (UAE) President Sheikh Khalifa bin Zayed, … 24, according to the latest figures from the emirate's Department of Land and Property. … the UAE news agency, showed that the transactions included the sale of an … Source link

Sun 27-12-2020 21:23 PM From Krishnan Nayar NEW DELHI, 27th December, 2020 (WAM) – Indian Prime Minister Narendra Modi today took note of and praised an initiative by food traders in Dubai to promote Geographical Indication (GI) Tagged Kashmiri Saffron in the UAE. “You will be delighted to know that after obtaining the GI Tag[…]

… to delist the troubled park operatorDamac Properties rises as much as 2.1%, before falling 0.7%Read: Damac Sees UAE Property Market Recovery … Source link

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The combined impact of COVID-19 and oil prices had softened Saudi banks’ profitability and asset quality since the first quarter of 2020. Image Credit: File photo Dubai: Saudi banks witnessed an improvement in profitability in the third quarter of 2020 largely driven by higher lending and lower loan loss provisions. However, analysts expect, Saudi banking[…]

Kashif Ansari speaks to the media in Dubai. Inayat-ur-Rahman,Deputy Business Editor COVID-19 has brought new opportunities and challenges for the governments and markets to navigate within the coming quarters. GCC continues to remain resilient with solid macroeconomic fundamentals amid opportunities in various industries to cash upon. UAE has positioned herself globally as a tourist hub,[…]