Emaar Hospitality Group has defined its credentials in the hotel industry.
Didi Chuxing signed a strategic agreement with Symphony Investment and other leading investment institutions in the Middle East to establish an innovative industry partnership across the Mena region and China.
The fourth Annual General Meeting (AGM) of Emaar Malls, approved the distribution of Dhs1.301 billion ($354 million) dividend, representing 10 per cent of the share capital being 10 fils per share, to the shareholders.
Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, has launched a fully-integrated Mobile App that covers all the hotel, hospitality and leisure experiences under the Group. With the single App, users will have seamless access to an extensive range of services including booking of hotels,
Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 per cent to Dhs 5.979 billion (US$ 1.628 billion) compared to the Q1 2018 sales of Dhs 3.906 billion (US$ 1.063 billion).
The Sharjah Finance Department, SFD, recently established a framework worth Dhs4 billion to enhance liquidity for the banking system in the emirate. The move aims to provide additional financial assistance to all businesses impacted by the outbreak of COVID-19.
Dubai-based Emerging Markets Property Group (EMPG) and OLX Group, owners of homegrown technology firms Bayut and dubizzle, have announced the merger of their Mena and South Asia operations to form an Dhs3.6 billion ($1 billion) Dubai-based unicorn company.
Jubail Island Investment Company (JIIC), has awarded continuing infrastructure works contract worth more than Dhs200 million for Jubail Island to Gulf Contractors Company (GCC).