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UAE Economic Stimulus Package To Offset Impact Of COVID-19, Good For Real Estate Sector, Says Seven Tides’ CEO

The recent announcements by the UAE Central Bank, introducing packages aimed at stimulating the economy, will benefit the real estate sector significantly, according to Abdulla bin Sulayem, CEO of UAE-headquartered upscale residential, hospitality and commercial property development company, Seven Tides. In total, the central bank has now pledged AED 256 billion to stimulate the economy

Meet Mohammed Khalid: Emirates Loto’s First Big Winner

Dubai resident Mohammed Khalid was declared the winner of the AED 350,000 cash prize in Emirates Loto’s inaugural draw last weekend, being the only collectible buyer to match five out of six numbers in the draw, but still earning him his big cash winnings. A telecommunications engineer who moved from his native India to Dubai

du Reports AED355 Million In Net Profit For Q1

The Emirates Integrated Telecommunications Company PJSC (du) secured revenues of AED2.99 billion for Q1-2020, reporting AED355 million in net profit for the same period. In a statement today, the DFM-listed telecom operator said its subscriber base saw gains of AED640 million in the fixed segment during the first three months of the year, a growth

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