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DUBAI NEWS

Local Time - 12:27:20 AM :
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Emirates NBD Egypt PMI
"Troublingly for future readings, new orders also looked fairly weak, falling at the fastest pace since June 2017. They would likely have been even weaker if not for price discounting undertaken by firms, which slashed output prices for the second month running.

Emirates NBD Saudi Arabia PMI
"Saudi Arabia’s headline Purchasing Managers’ Index (PMI) rose modestly to 56.6 in February from 56.2 in January, the highest reading since December 2017.

Emirates NBD UAE PMI
"The Emirates NBD Purchasing Managers’ Index (PMI) for the UAE fell to 53.4 in February from 56.3 in January, and was the lowest reading since October 2016.

Dubai Islamic Bank And DEWA Sign Agreement To Provide Preferential Profit Rates On DEWA Store For Financing Electric Vehicles
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has entered into a partnership with Dubai Electricity and Water Authority (DEWA) to offer exclusive auto finance deals for electric vehicles within the DEWA Store on DEWA’s smart app.

Dubai Regional Topper In Ease Of Building Permits
Dubai Municipality announced that 29,000 building permits were approved by the municipality in 2018, while 6,043 buildings were completed last year.

Dubai Property Market Shows Signs Of Positive Growth In 2019
The start of 2019 has seen positive growth in a selection of key Dubai developments, the head of the most advanced property portal in the market has revealed.

DED Closed Down 13,948 Social Media Accounts For Selling Counterfeit Goods In 2018
An overwhelming majority of the accounts closed down were on Instagram - 13,529 accounts, followed by 419 on Facebook. Round-the-clock surveillance and continued co-operation with trademark owners as well as law firms also helped DED unearth 45 websites that were selling counterfeit goods.

Dubai Municipality Organises Happiness Flag Challenge
The initiative is in line with the vision of Dubai Municipality to build a happy and sustainable city, and in line with the strategy of providing smart services and solutions to achieve customer satisfaction.

Dubai International Financial Centre Reaches New Heights As It Enters 15th Year Of Operations
Dubai International Financial Centre (DIFC) has cemented its position as the leading financial hub in the Middle East, Africa, and South Asia region (MEASA) with a record-breaking 12 months that saw the Centre reach new heights as it enters its 15th year of operations.

Dubai Municipality Approves 29,000 Building Permits, 6,000 Buildings Completed In 2018
Dawoud Al Hajri, Director General of Dubai Municipality said that the total area of construction completed in 2018 was 100 million square feet, which is a 6 percent increase in Dubai’s urban construction sector compared to that of 2017 and most of which were multi-storey buildings.

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