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3:55:37 AM , 22 Aug 2014


World’s Largest Mobile App Competition Returns To The Arab Region (21 August 2014)
Applied Innovation Institute, Ooredoo and Pearson have announced that the Arab Mobile App Challenge (AMAC) will take place again in 2014, following the success of last yearís pilot competition.

NOL Card Sales Soar By 52% In First Half Of 2014 (21 August 2014)
The Roads and Transport Authority (RTA) revealed that the sales of NOL cards continued to soar considerably since the launch of this service in August 2009.

First Release Of ’Akoya Oxygen’ Sold Out (21 August 2014)
DAMAC Properties announced that the first release of houses at its green master devlopment ’AKOYA Oxygen’ were sold out yesterday in record time.

ASDA’A Burson-Marsteller Named Pr Agency Of The Year In The Middle East And Africa, Collects A Record Ten International Business Awards (21 August 2014)
ASDA’A Burson-Marsteller, the region’s leading public relations consultancy, has won ten awards at the 11th Annual International Business Awards 2014, including the prestigious Public Relations Agency of the Year in the Middle East and Africa, for the fourth year.

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Visiting Dubai - safe travel tips

Among the world’s top travel destinations few places can hold a candle to Dubai in the United Arab Emirates when it comes to visual impact. Perched on the southern coast of the Persian Gulf, this city is a beautiful gem rising out of the desert.


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Property sector in UAE remains vibrant this summer

The property sector across the UAE has remained vibrant and active during this summer. Chestertons stated that Dubai in particular, has witnessed impressive growth levels across different master developments. The company believes that both Dubai and Abu Dhabi will witness a buoyant market through the last quarter of 2014 due to a range of commercial and residential property options that are available at a globally competitive price range.


AED 37.5 Billion Invested in Dubai Real Estate Market in H1 2014

Dubai Land Department has reported that total of 17,289 real estate transactions worth AED 37.5 billion were conducted in the first half of this year. The government organisation accompanied their announcement with a breakdown of nationalities making property investments in the first six months of 2014, which revealed that Jordanians topped the list of Arab investors, with Indian nationals ranked first for foreigner investment.


First signs of IPOs in the UAE since market recovery

The initial public offering ("IPO") market in the Gulf Cooperation Council ("GCC") in the second quarter ("Q2") of 2014 started off and ended on a high, with a total of seven IPOs, compared to two in Q1 2014. The quarter witnessed its first IPO in April with the UAE based company, Emirates REIT (CEIC) Limited, listing on NASDAQ Dubai Limited and raising USD 201 million. Also in April, Marka PJSC, a UAE based company, listed on the Dubai Financial Market (the "DFM") raising USD 77 million.


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