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DUBAI NEWS

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AMAF Inaugurates Khalaf Ahmad Al Habtoor’s Endowment Project Worth AED8 Million
Awqaf and Minors Affairs Foundation, AMAF, today inaugurated the first endowment residential and commercial project in Al Bada’a area of Dubai, funded by an endowment from Khalaf Ahmad Al Habtoor, Chairman of Al Habtoor Group.

Emaar Beachfront Sets New Milestone With Launch Of Miami Beach Style Residences Clinching AED 1 Billion In Sale
Emaar Development (DFM: EMAARDEV) has recorded total sales worth approximately AED 1 billion at the launch of the first residences in Emaar Beachfront, the restricted island destination in the Arabian Gulf, following the overwhelming response from UAE-based and international investors.

Dubai Investments Buys Union Properties’ Stake In Emicool
Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has acquired additional 50% stake in Emirates District LLC [Emicool] from Union Properties PJSC for AED 500 million.

Fun City Launches The First Ever Completely Integrated E-Commerce Site For An FEC Globally
Fun City, UAE’s largest family entertainment center has announced the launch of the world’s first E-Commerce website for an FEC that enables customers to buy a card online, topup online.

Dubai Islamic Economy Development Centre Enrols As Observer Member Of Responsible Finance & Investment Foundation
The Dubai Islamic Economy Development Centre (DIEDC) has enrolled as an observer member of the Responsible Finance & Investment (RFI) Foundation, signalling the rising stature of Islamic finance among the world’s responsible finance systems.

Princess Haya launches news fund to support immediate response to global emergencies
Wife of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, HRH Princess Haya Bint Al Hussein, Chairperson of the International Humanitarian City and UN Messenger of Peace.

DEWA awards smart water distribution project
Dubai Electricity and Water Authority (DEWA) has awarded a project to supply and commission a smart water distribution project. The project will monitor and control remote data collection of the water distribution network in Dubai.

DIEDC Enrols as Observer Member of Responsible Finance & Investment Foundation
The Dubai Islamic Economy Development Centre (DIEDC) has enrolled as an observer member of the Responsible Finance & Investment (RFI) Foundation, signalling the rising stature of Islamic finance among the world’s responsible finance systems.

RTA opens 32-km cycle tracks at a cost of AED67 million
The Roads and Transport Authority (RTA) is gearing up for the opening of cycle tracks stretching 32 km in Mushrif, Mirdif and Al Khawaneej early next month (February).

UAE cruise ship calls to increase in winter
Featuring 11 and 14-night cruises, MSC Lirica will be making her debut in the UAE in November, offering longer itineraries, two overnight stays in Dubai, and cruises to India for the first time.

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