Millionaires in UAE may go up by 62%

The UAE is expected to see an increase in the number of dollar millionaires by 62 per cent in the in the next five years, Credit Suisse said on Monday..... Read more »

Posted on : 10/20/2015

Broadband, fixed-voice services from Etisalat, du across UAE

The Telecommunications Regulatory Authority (TRA) on Monday confirmed that Etisalat and du are ready to open broadband and fixed-voice services to residential customers across the whole country..... Read more »

Posted on : 10/20/2015

Drake & Scull wins $61m MEP contract for Dubai hotel, mall expansion

<p>Contractor to oversee supply, installation, testing and commissioning of works at unnamed project</p> <p>Drake &amp; Scull International says its engineering division has secured a $61 million contract related to work on a hotel complex and the expansion of a mall in Dubai.</p>.... Read more »

Posted on : 10/20/2015

Habtoor Leighton scoops $127m Dubai hospital contract

<p>Phase one of the $272.2m Fakeeh Academic Medical Centre is expected to be complete by October 2017</p> <p>The UAE-based Habtoor Leighton Group (HLG) has bagged an AED468 million ($127 million) contract for the construction of the first phase of the Fakeeh Academic Medical Centre (FAMC) in Dubai.</p>.... Read more »

Posted on : 10/20/2015

Bahrain to construct second international airport

<p>Bahrain is set to build a second airport on a manmade island off the country's north coast, to accommodate predicted growth in decades to come.</p>.... Read more »

Posted on : 10/20/2015

Saudi Arabia 'plans to develop 17 cities'

<p>Small and medium-sized urban areas are intended to reduce problems facing cities like Riyadh and Jeddah</p> <p>Saudi Arabia’s Ministry of Municipal and Rural Affairs intends to develop 17 small and medium-sized cities across the country, according to a local newspaper. </p>.... Read more »

Posted on : 10/20/2015

Bahrain to award $400m contract for floating gas terminal

<p>Bahrain is set to award a $400 million contract to build a floating gas terminal off the country’s northeast coast next month.</p>.... Read more »

Posted on : 10/20/2015

Dubai Chamber forum discusses energy trends, key strategies

The Dubai Chamber of Commerce and Industry's Centre for Responsible Business, or CRB, opened the Sustainability Week with the CEO Forum on Sustainable Energy at the Chamber premises on Sunday. The week-long activities, which comes as part of the Chamber's 50th anniversary celebrations, concludes on Friday..... Read more »

Posted on : 10/19/2015

UAE accounts for 70% of Mena debt capital market

The UAE was the most active debt capital market tin the Middle East in the first nine months, accounting for 70 per cent of activity, according to data released on Sunday..... Read more »

Posted on : 10/19/2015

Limited-edition Ferrari F12 TdF revealed

<p>Ferrari has unveiled a new limited-edition variant of the F12 Berlinetta. The Ferrari F12 TdF gets an upgraded engine and a fair bit of redone bodywork.</p>.... Read more »

Posted on : 10/19/2015