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Dubai's Emaar buys remaining 35% of resort developer Mirage: exclusive

Dubai's blue-chip property developer, Emaar Properties, completed its buy-out of development management company Mirage Leisure and Development, taking the remaining 35 per cent of the business it did not already own for Dh66.5 million.

The developer secured a 65 per cent stake in Mirage in October 2015 for Dh 123.5 m, but financial statements filed last week show that it acquired the remainder of the firm at the end of April this year.

'Managing"...

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Volkswagen introduces 2020 Passat in Middle EastAugust 19, 2019

Volkswagen Middle East has introduced the new 2020 Passat to the region with three offerings of different variants and prices to suit a wide range of customers.

Over eight years ago, Volkswagen completely overhauled the midsize sedan to include more interior space and modern comforts, combined with the company’s signature fun-to-drive nature, said a statement from the company.

Building on this success, the new Passat of today offers more of what matters to the modern customer; a bold design, upgraded technology and enhanced access to convenience and driver-assistance features, it said.

Victor Dalmau, managing director for Volkswagen Middle East, said: “The sedan market"...

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Nikki Beach Dubai set for autumn reopeningAugust 19, 2019

Nikki Beach Dubai, the region’s favourite urban address, has announced its reopening on August 30.

The beach club will kick off the post-summer season with a brand-new calendar of events, starting with “La Piscine” event, announcing a glamorous pool party scene, with a salute to classic Cote D’Azur style food and drinks, followed by their Rosé Saturdays Brunch on August 31.

Nikki Beach’s signature hospitality is in full effect at the beach club with plush, all-white daybeds and cabanas. The beach club highlights the brand’s global dishes, live entertainment by resident DJs and musicians and barefoot chic vibes.

To complement the facilities"...

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China’s appetite for Dubai property grows amid strengthening of Sino-UAE ties

A large number of Chinese people are investing in Dubai's real estate market due to strengthening of ties between the UAE and China and implementation of the Belt and Road Initiative and other developments, according to a property consultant with Coldwell Banker UAE.

Xiaoyun Du said that current trends in both the Chinese stock market and its property market, both of which have been experiencing rapid growth in recent years, have encouraged upper-middle class Chinese nationals to invest in overseas markets, including in Dubai. Depreciation of the yuan, as well as the high rental yields on offer in Dubai, are other factors that are influencing"...

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UAE Ministry of Health recalls medicine after label mistake found

The UAE’s Ministry of Health and Prevention has issued a circular withdrawing a batch of a pharmaceutical product after finding a mistake on a label, officials announced on Sunday.

In a statement, the ministry said that batch No. 0093 of the 10 mg Laxocodyl suppositories – which are used for the treatment of constipation – were incorrectly marked as being for children rather than adults, which could result in them having a double dose and suffering side effects.

The medicine is manufactured by JulpharGulf Pharmaceutical Industries Manufacturers.

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Dubai's RTA completes 65% of Al Qudra-Lehbab Roads project

Dubai’s Roads and Transport Authority (RTA) has completed 65 percent of construction works of the Al Qudra-Lehbab Roads Intersection Project.

The project includes the construction of two bridges on the collector road as well as ramps to serve right, left and U-turns. Works also cover widening connecting streets, and a cycling bridge in addition to lighting works, rainwater drainage systems, and utility lines.

Mattar Al Tayer, director general and chairman of the board of executive directors of the RTA, said: “Lehbab Road is a key traffic corridor offering an"...

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Influencers having little sway on back-to-school buys in MENA region

A third of children in the MENA region are influenced by advertisements when it comes to back-to-school shopping, with only one in four swayed by influencers and celebrities, according to the latest survey from Centrepoint.

The ‘Back to School’ survey, conducted from July 22 to 29 in key markets across the MENA region, found nearly one in four purchase decisions are influenced by movies, while one in three parents said their children are persuaded to buy what they saw online (not social media), with only 22 percent stating that social media inspired a child's choice in back-to-school essential purchases.

Simon"...

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