Deyaar Development, one of Dubai’s leading property developers and real estate service providers, today announced its financial results for Q1 2019, ended 31 March 2019, reporting revenues of AED 175.8 million and a net profit of AED 18.3 million. Q1 2019 revenues were consistent with Q1 2018 when revenue was AED 176.5 million. Deyaar’s project pipeline includes several handovers in 2019. The first quarter 2019 saw Deyaar officially launch Millennium Atria Business Bay, its first hospitality project with Millennium Hotels and Resorts, Middle East and Africa. Deyaar’s second hospitality project to launch in 2019 will be the Millennium Al Barsha,…
Author: Kasun Illankoon
Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, has signed a Memorandum of Understanding (MoU) with Dubai Cares to improve children’s access to quality education in an underprivileged community in Malawi. Through the new MoU, Deyaar will work with Dubai Cares to build a community-based school in Malawi, with construction set to start in 2020. Previously, Deyaar had collaborated with Dubai Cares to build schools in Nepal and Senegal. Moreover, volunteers from Deyaar will participate in setting the foundation for the new school, which is set to benefit primary schoolchildren and adult illiterate…
The Middle East’s potential as a key growth region for the automotive aftermarket will be underlined by a healthy international presence at the industry’s largest regional trade fair in Dubai, with global players eager to tap into a market that was valued at US$15 billion in 2018. Automechanika Dubai 2019 is set to welcome more than 1,800 exhibitors from 61 countries when doors open for the 17th time in June at the Dubai International Convention and Exhibition Centre, with participating companies expressing optimism about future business growth. Connected cars, ride hailing services, and an increasing consumer base are key trends…
Raimondi Cranes, heritage manufacturer of tower and luffing cranes, today announced the appointment of Eng. Domenico Ciano to the role of Chief Executive Officer effective immediately. Eng. Ciano will succeed Ahmed Alkhoshaibi, who served as Raimondi’s Chief Executive Officer since 2009. “As Raimondi’s Chief Executive for more than a decade, I am pleased to see our succession planning process activated. I am confident and proud that Raimondi will have a leader that both values its heritage and that will further invigorate the significant upward trajectory we have experienced these past years,” said Alkhoshaibi, remarking on Eng. Ciano’s appointment. “The wealth…
GAC Dubai is installing over 15,000 high-efficiency solar panels to generate electricity for two of its contract logistics facilities. It has appointed Total Solar Middle East, a 100% owned Total subsidiary dedicated to solar activities, to fit the SunPower® P19-series solar panels. Approximately 3.42 megawatts of solar capacity will be fitted at GAC Logistics Park in the Jebel Ali Free Zone, covering 73% of its total electricity needs, while 2.65 megawatts of solar capacity at Dubai South will provide 93% of the electricity needs of GAC’s newest contract logistics facility there. The company will also be looking into installing solar…
Cirium has welcomed leading aviation technology solutions provider DTP as the first member of its new Partner Program. The announcement comes as Cirium takes part in a moderated panel at the Arabian Travel Market at the Dubai World Trade Centre in the United Arab Emirates. Dubai-based DTP provides a comprehensive portfolio of products and services designed to optimize planning and operations in the aviation industry, with world-class clients including Dubai Airports, Abu Dhabi Airports, Emirates Airlines and Saudi Airlines Catering. The Cirium Partner Program is part of Cirium’s vision to use fleets, flight status, schedules, and trip-related data to bring…
DHL, the leading global brand in the logistics industry has launched Saloodo! in the Middle East, to provide a digital platform that connects shippers and transport providers for road freight needs within the United Arab Emirates (UAE). Introduced for the first time outside of Europe, Tobias Maier, CEO of Saloodo! in the Middle East said, “Customer satisfaction is the driving force of every commercial decision that we make and digitalization underpins our approach to continually deliver on that. Saloodo! has enjoyed much success in Europe and we believe that it will plug the digital gap in logistics technology to accurately…
Dubai Municipality honored the winners of the Zero Accident Construction Challenge initiative, which witnessed a great response from the contracting companies operating in the Emirate of Dubai. The initiative is aimed to enhance Dubai’s unique position in the construction sector, which is considered one of the most vital sectors of economic development and will contribute to the creation of a competitive and stimulating environment for the employees working in this sector. “This is one of the pioneering initiatives in which the Municipality seeks to enhance safety standards in construction sites in the Emirate, because we believe in the importance of…
Saudi Airlines Cargo Company resumed its freighter flights to Guangzhou in China & Mumbai in India with a weekly freighter flight effective first of April 2019, aiming to meet the growing demand for cargo operations & stimulate trade movement to/from the Asian continent, in addition to the already operating 5 weekly flights to Dhaka & the 7 weekly flights to Hong Kong. CEO of Saudia Cargo, Omar Hariri said: “This operation reflects the company’s policy aiming to enhance and increase trade activities between the Kingdom & both countries.” Hariri added: “Saudia Cargo will mobilize its logistical capabilities to and from…
Dammam Airports Company (DACO), successfully concluded its participation at this year’s edition of the Airport Show 2019, a leading global event in the field of building and equipping airports, which was held from April 29, 2019 to May 1, 2019 at the Dubai International Convention and Exhibition Centre. During their presence at the show, which is being held under the patronage of His Highness (H.H.) Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Airports, President of the Dubai Civil Aviation Authority and Chairman & CEO of the Emirates Group, DACO showed its key series of projects that are part…