Abu Dhabi firm said to rival Cerberus bid for Abraaj unit
Sources say a unit of Abu Dhabi Financial Group has made a fresh offer for the rights to manage Abraaj Group’s funds Source: Arabian Business Industry News (ITP.NET)
July 2018
Abu Dhabi villa rents slump by as much as 16% in year
Bayut.com report says average apartment rents also fell with largest declines of 9-10% in past 12 months Source: Arabian Business Industry News (ITP.NET)
India says to showcase innovation, start-ups at Dubai Expo 2020
Officials say Indian pavilion will take up a one acre plot at Expo 2020 venue Source: Arabian Business Industry News (ITP.NET)
Dubai real estate brokers see commissions slump by $68m in H1
Commissions reach $155m during first half of 2018 compared to $223m in the year earlier period Source: Arabian Business Industry News (ITP.NET)
UAE's Gulftainer gets green light to run US port
US Federal Government completes re of the agreement that grants Gulftainer subsidiary the rights to operate and develop the Port of Wilmington Source: Arabian Business Industry News (ITP.NET)
Abraaj liquidator said to prefer Cerberus bid over rival Colony
Sources say agreement for Abraaj assets could be reached in the coming weeks Source: Arabian Business Industry News (ITP.NET)
IMF raises Saudi growth forecast on higher oil prices
Saudi economy, which contracted by 0.9% last year, is now forecast to grow by 1.9% in 2018 Source: Arabian Business Industry News (ITP.NET)
UAE car insurance premiums said to drop 8% over past year
dubizzle Motors and InsuranceMarket.ae reveal data showing change in gross premiums for Ford, Honda, Mitsubishi, Nissan, and Toyota in the UAE Source: Arabian Business Industry News (ITP.NET)
Dubai's DEWA starts testing at UAE's largest power plant
Turbine testing begins at the M-Station expansion project in Jebel Ali, which is the largest electricity generation and water desalination plant in the UAE Source: Arabian Business Industry News (ITP.NET)
Emirates airline unveils summer offers on flights from Dubai
Emirates airline deals are valid on bookings made until July 23 Source: Arabian Business Industry News (ITP.NET)