Business Blog

Construction projects worth USD212 billion (AED778 billion) are under construction in the UAE but only USD25.3bn (AED93 billion) projects are in the tendering or pre-tender phase, which is a worrisome for the sector's sustainability,

Construction projects worth USD212 billion (AED778 billion) are under construction in the UAE but only USD25.3bn (AED93 billion) projects are in the tendering or pre-tender phase, which is a worrisome for the sector's sustainability,

District cooling services provider Empower is set to provide 120,000 Refrigeration Tonnes (RT) district cooling services for Tecom Investments' Dubai Design District (d3) project, it was announced on Sunday.

District cooling services provider Empower is set to provide 120,000 Refrigeration Tonnes (RT) district cooling services for Tecom Investments' Dubai Design District (d3) project, it was announced on Sunday.

International Islamic's viability rating (VR) reflects its high sector and single-name financing concentrations, which increases the risk of fluctuation in asset quality, and its relatively small franchise. The VR also factors in the bank's sound funding profile, with a more diversified funding base than some peers, and solid liquidity.

Emaratech, the company behind the smart gate passport screening systems at Dubai airport, wants to double the number of registered users to 700,000 by the end of year, according to a spokesperson.