UPC Launches a New Policy to Provide More Affordable Accommodations in Big Cities
Submitted by Faarooq Mehmood on Sun, 07/25/2010 - 13:06
In an attempt to provide proper accommodation with affordable rent for middle-income residents, The Urban Planning Council (UPC) passed a new policy on Tuesday that encourages estate developers to provide consumers with houses that do not cost more than 35 % of a family's total income in one year.
Cisco and Abu Dhabi government agree on network agreement billing
Submitted by Sadik Al Rumaithi on Wed, 06/30/2010 - 20:48Software system provider Cisco has made a pact with the government of Abu Dhabi to train locals in the subject of advanced telecommunications.
Further detailing upon the matter it was revealed that Abu Dhabi Systems and Information Centre (ADSIC) a government based arm has struck a deal with Cisco systems that will help teach small and medium-sized businesses the basics of computers in order to improve the computer operations.
IPIC to Receive Bonds from Aabar
Submitted by Faarooq Mehmood on Sun, 05/09/2010 - 16:16The supreme shareholder in Daimler AG, Aabar Investments PJSC of Abu Dhabi, said that the board has approved to the sale of 1.5 billion dirham ($410 million) of convertible bonds to International Petroleum Investment Co. (IPIC).
At a conversion price of 2.5 dirham will the bonds be issued, and the Abu Dhabi Securities Exchange will roll down all these converted shares.
Authorities to be approached by schools to stop order
Submitted by Sadik Al Rumaithi on Tue, 04/20/2010 - 20:32
It has appeared that judicial and administrative authorities will approached by The six villa schools which have been ordered by Abu Dhabi Municipality to close by the end of the current academic year in June, for breaching the safety standards, with the aim of getting their orders scrapped.
Saadiyat Beach Apartments to be ready by 2011
Submitted by Rehan Rachid on Tue, 04/20/2010 - 20:27
The first phase of the beach apartments to be set up on Saadiyat Island would be prepared for delivery by December next year as announced by the Tourism Development and Investment Company.
Tourism Development and Investment Company decides to construct 963 apartments as part of the Saadiyat Beach Apartments project and 495 of them would be finished in the first phase.
$1.5 billion government deal signed by Abu Dhabi's Sorouh
Submitted by Rehan Rachid on Tue, 04/20/2010 - 20:21
A 5.4 billion dirham ($1.47 billion) contract was recently signed by Abu Dhabi's Sorouh Real Estate with the Abu Dhabi government with the aim of developing a community aimed at Emirati families.
Cityscape Abu Dhabi’s opening highlights effect of the global financial crisis
Submitted by Faarooq Mehmood on Mon, 04/19/2010 - 19:44
The effect of the global financial crisis was truly highlighted by a subdued opening to the "Cityscape Abu Dhabi" property show on Sunday, along with a shift in emphasis to the completion of projects already launched.
A gigantic billboard put up by a major property developer on the road leading into Abu Dhabi, read that all projects are under construction.
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