Reef launches serviced offices in Business Bay

The UAE’s master developer Reef Real Estate Investments has rolled out R-Serviced Offices with a second location in Crystal Towers in Business Bay. R-Serviced Offices are ready-to-use offices and ideal for small and medium sized enterprises (SMEs).

Business Bay Video (2011)

Business Bay Video 2011

Deyaar-Tamweel financing tie-up

Deyaar Development, the regional real estate company, and Tamweel, the UAE-based Islamic home finance provider, are jointly offering ready units at four Deyaar projects in Business Bay at an optimal flat rate – with no additional fees from either the developer or the finance provider.

UAE company lands Virgin contract

A UAE-based company has recently won a multi-million dollar contract with Virgin America to build a cabin service trainer, a top official said. Virgin America contracted Spatial Composite Solutions, a UAE manufacturer of crew training devices for the civil aviation industry, to design, build and install an Airbus A320 Cabin Service Trainer at Virgin America’s headquarters in Burlingame, California.

UAE minnow aims to become lending big fish

United Arab Bank, one of the UAE’s smallest lenders, has staked its claim in Abu Dhabi and is looking towards lending to a greater share of Emiratis as it expands its branch network in the year ahead.

IMF predicts steady 4% growth for UAE through to 2017

The UAE economy is expected to expand by an average of 4 per cent over the next six years as oil prices remain steady and private sector activity picks up, according to an IMF forecast.

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