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ADFD allocates Dh67 million to healthcare projects in Hadhramaut in Yemen

Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Emirates Red Crescent (ERC) signed a Memorandum of Understanding (MoU) to manage the Dh67million ($18.3 million) UAE government grant aimed to support the healthcare sector in Hadhramaut Governorate in Yemen.


UAE launches first-ever World Tolerance Summit to promote diversity through innovation

The International Institute for Tolerance part of Mohammed Bin Rashid Al Maktoum Global Initiatives, has announced the launch of a bold initiative, World Tolerance Summit – a two-day mega conference – to be held at the Armani Hotel, Dubai, from November 15 to 16, 2018, to coincide with the International Day of Tolerance on November 16.


Dubai-based KEF Infra merges with US conglomerate Katerra to create $3.75 billion global business

Gulf Property Report Dubai-based KEF Infra, part of the KEF Holdings owned by Non-Resident Indian billionaire Faizal E. Kottikollon, has merged with Katerra, a US-based family-owned construction technology business to create a US$3.75 billion conglomerate with US$8.5 billion order book.


IREIS 2018 to host realty heavyweights, attract buying-selling at spot

UAE-based International Real Estate and Investment Show (IREIS) is set to bring the biggest local and international names in the real estate and property investment industry to the UAE’s capital. Scheduled to be held at the Abu Dhabi National Exhibition Centre(ADNEC) from November 1st to 3rd, 2018, the show will be a one-stop shop for global investors who seek real estate investment opportunities in the UAE.


Construction of Abu Dhabi’s $1.2 billion Reem Mall gathers momentum

Al Farwaniya Property Developments, the developer behind Reem Mall, Abu Dhabi’s up and coming retail, dining and leisure destination, today showcased the construction progress of the US$ 1.2bn project.


Arada launches Bareem Townhouses at Nasma Residences

Sharjah-based master developer Arada is launching Phase 4 of Nasma Residences, following exceptional sales in the project’s earlier phases.


Dh460 million Fujairah Business Centre project construction progressing ahead of schedule

Dubai Investments, the leading, diversified investments company listed on the Dubai Financial Market, has announced that the Dh460 million Fujairah Business Centre project, being developed by its joint venture entity Al Taif Investment, is progressing ahead of schedule.


Marriott to operate Yas Island hotel

Aldar Properties has appointed Marriott International, to manage one of its most strategically located hotels on Yas Island, as part of its active asset management strategy for its Dh20 billion real estate portfolio.


Danube Properties launches Dh550 million Lawnz project at International City

Danube Properties, a major Dubai-based property developer that launched its 11th project – the Dh550 million Lawnz at the International City – Comprising of 1,064 units which will take its portfolio to 4,744 units with a development value exceeding Dh3.7 billion, spread across 11 successful projects.


UAE Central Bank freezes bank fee hike

The UAE Central Bank on Tuesday has announced imposing caps on the maximum service fees and charges, to protect the consumers from paying excessive fees and service charges. It also instructed banks and finance companies to display the new fee caps on their websites.