Fri 09-06-2023 18:50 PM DUBAI, 9th June, 2023 (WAM) – A total of 3,397 real estate and properties transactions valued at AED 9 billion were conducted during the week ending 9th June 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 204 plots were sold for AED 1.52...
Tag: billion
AstraZeneca signs $2 billion agreement with Quell to develop cell therapies By Reuters
© Reuters. FILE PHOTO: FILE PHOTO: Test tubes are seen in front of a displayed AstraZeneca logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – AstraZeneca (NASDAQ:) said on Friday it had signed an agreement with Quell Therapeutics potentially worth more than $2 billion to develop cell therapies that could cure autoimmune...
Dubai records over AED1.8 billion in realty transactions on 8th June
According to data provided by Dubai’s Land Department (DLD), the real estate market in Dubai had 547 sales transactions worth AED1.25 billion on Thursday, along with 95 mortgage transactions totaling AED386.79 million and 49 gift transactions totaling AED177.98 million. The sales included 44 land plots worth AED214.38 million and 503 houses and apartments totaling AED1.03...
Cheques cleared in first four months valued at AED306.4 billion: CBUAE
Fri 09-06-2023 00:21 AM ABU DHABI, 8th June, 2023 (WAM) – In the first quarter of 2023, the Image Cheques Clearing System (ICCS) processed a volume of 5.56 million cheques AED 306.4 billion, according to statistics released by the Central Bank of the United Arab Emirates (CBUAE).Statistics noted that March was the busiest month with...
TikTok seeks up to $20 billion in e-commerce business this year – Bloomberg News By Reuters
© Reuters. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic (Reuters) – ByteDance Ltd’s TikTok hopes to more than quadruple the size of its worldwide e-commerce operation to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia,...
Dubai logs over AED1.8 billion in realty transactions on Tuesday
According to data provided by Dubai’s Land Department (DLD), the real estate market in Dubai saw 644 sales transactions worth AED1.63 billion on Tuesday, along with 87 mortgage deals totaling AED156.2 million and 14 gift deals totaling AED25.98 million. The sales included 44 land plots at AED310.59 million and 600 homes and apartments totaling AED1.32...
AED1 billion South Bay project is launched in Dubai
A brand-new development called South Bay has been launched by Dubai South Properties. It will be situated along the Expo Road in The Residential District of Dubai South. Ginco General Contracting has been appointed for a “significant contract” for the project, valued at AED1 billion. 200 luxurious waterfront houses, a 1-kilometer “crystal lagoon,” a 3-kilometer...
Texas seeks to bolster $1.8 billion fraud claim against Planned Parenthood By Reuters
© Reuters. FILE PHOTO: A sign is pictured at the entrance to a Planned Parenthood building in New York August 31, 2015. Picture taken August 31, 2015. REUTERS/Lucas Jackson By Brendan Pierson (Reuters) – Texas and an anonymous anti-abortion activist made a joint court filing over the weekend, urging a federal judge to decide a...
International airline industry net profits expected to reach $9.8 billion in 2023: IATA
MONTREAL, 5th June, 2023 (WAM) — The International Air Transport Association (IATA) announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Airline industry net profits are expected to reach US$9.8 billion in 2023 (1.2 percent net profit margin) which is more than double the previous forecast of US$4.7...
ADB records $11.4 billion in co-financing on resilience against economic shocks
MANILA, 5th June, 2023 (WAM) — The financing partners of the Asian Development Bank (ADB) committed US$11.4 billion in cofinancing of ADB projects in 2022 to help build the resilience of developing member countries and enable them to withstand economic shocks, according to the Partnership Report 2022: Driving Growth, Boosting Resilience, published today. “Resilience is...