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Damac reveals $10m loss amid 'softer market conditions'

Damac reveals $10m loss amid 'softer market conditions'

Dubai-based Damac Properties has revealed a $10 million (AED37m) loss for 2019, blaming softer market conditions throughout the industry, both in the emirate and globally.

The loss represents a swing from a AED1.152 billion profit for 2018 and a profit of AED2.76bn from 2017. It’s also the first time the luxury developer has posited an annual loss

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Crisis Communications: A PR guide to get your business through the coronavirus

Crisis Communications: A PR guide to get your business through the coronavirus

How is the Coronavirus going to impact your business from a reputation point of view?

What kind of communications strategy should companies have in place?

What steps should Dubai companies take during the outbreak?

Zaib Shadani, PR consultant & media trainer, Shadani Consulting, addresses these and more issues in the video below.

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Coronavirus: Zomato launches loans initiative to support UAE restaurants

Coronavirus: Zomato launches loans initiative to support UAE restaurants

Food delivery app Zomato has launched a number of initiatives, including offering loans to its restaurant partners and free subscription extensions, to help its UAE customers survive the financial impact of the Covid-19 coronavirus outbreak.

“From loans for restaurants, and funds to cover lost earnings for delivery partners, to voluntary staff pay

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Saudi seizes more than 5m coronavirus medical masks

Saudi seizes more than 5m coronavirus medical masks

Illegally stockpiled masks were discovered by authorities in two separate raids in Hail and Jeddah

Saudi authorities have seized more than five million medical masks that were illegally stockpiled amid the coronavirus outbreak, state media reported on Sunday.

The commerce ministry seized 1.17 million masks from a private store in Hail,

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Dubai Government staff to get up to 16% salary increase

Dubai Government staff to get up to 16% salary increase

New salary scheme for Dubai Government workers - approved by Sheikh Hamdan - allows for flexible working hours

Professional employees working for Dubai Government can expect a pay rise of between nine to 16 percent under a new salary scheme.

While regular government staff will see their average salary increase by ten percent under the

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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