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Month: February 2017

Posted on 14/02/2017

This drone could be ferrying passengers through Dubai’s futuristic skyline as soon as July

Up, up and away: Dubai hopes to have a passenger-carrying drone regularly buzzing through the skyline of this futuristic city-state in July. The arrival of the Chinese-made EHang 184 — which already has had its flying debut over Dubai’s iconic …
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Posted on 14/02/2017

Dubai announces passenger drone plans

Media captionThe drone was first unveiled at the CES tech fair in 2016. A drone that can carry people will begin “regular operations” in Dubai from July, the head of the city’s Roads and Transportation Agency has announced at the World Government Summit.
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Posted on 14/02/2017

Dubai aims to have passenger-carrying drone taxi in service in July

The arrival of the Chinese-made EHang 184 — which already has had its flying debut over Dubai’s iconic, sail-shaped Burj al-Arab skyscraper hotel — comes as the Emirati city also has partnered with other cutting-edge technology companies, including …
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Posted on 14/02/2017

Abu Dhabi’s New $125 Billion Sovereign Fund Is Taking Shape

Abu Dhabi is close to finalizing the merger of two of its largest sovereign wealth funds — Mubadala Development Co. PJSC and International Petroleum Investment Co. The combined entity, which will be known as Mubadala Investment Co., will become the …
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Posted on 14/02/2017

Global Investing: 9 reasons why the Snap IPO…

However, even as its investment bankers do their best to “hype” the prospects of the Snap IPO in global markets, I advise UAE investors to avoid the new issue deal like the plague. Why? One, Snap has been in existence for the past five years but has not …
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Posted on 14/02/2017

Tesla Superchargers Launches In UAE Sooner Than Expected, Details Here!

In other news, The National reported that the launch will pave the way to increase sales of electric vehicles in the region. In fact, Musk announced that they are expected to finalize deals with major hotel operators in Abu Dhabi and Dubai to install Tesla …
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Posted on 14/02/2017

Dubai aims to launch hover-taxi by July

DUBAI has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July. The test of the one-man electric vehicle comes as the city state in the United …
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Posted on 14/02/2017

Top Dubai developer targets Kenya’s super rich with its Sh22bn property

Dubai-based real estate firm Deyaar has pitched camp in the country hoping to lure super rich Kenyans to buy into its Sh22.5 billion ($218 million) property development in Dubai. Deyaar, one of United Arab Emirate’s (UAE’s) largest property development …
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Posted on 14/02/2017

Doing Business In The UAE: What You Need To Know About Local Partners

You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. There is often a lot of confusion around the different types of companies that can be set up by foreign entrepreneurs in the UAE. To the outsider looking in, you …
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Posted on 14/02/2017

Tesla targets Middle East luxury car market with Dubai debut

Tesla Inc has started selling its luxury electric cars in Dubai, marking its first foray into the Middle East. Sales of luxury cars in the Gulf states are among the highest in the world per capita, although some brands have suffered as lower oil prices …
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Posted on 14/02/2017

Property Manager – Dubai Jobs

• Property contracts management with tenants by negotiating leases; collecting security deposit. • Accomplishes financial objectives by collecting rents; paying bills; forecasting requirements; preparing an annual budget; scheduling expenditures …
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Posted on 14/02/2017

UAE will triumph over hate, Saif says

Dubai: The UAE will win the war on extremism by holding onto Emirati values as a way of life, Lieutenant General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, said during the World Government Summit in Dubai on Monday. In …
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Posted on 14/02/2017

Dubai gold price slips slightly to Dh149

Hedge funds and money managers raised their bullish wagers in COMEX gold to the highest in two months in the week to Feb. 7, and raised it slightly in silver, US Commodity Futures Trading Commission data showed on Friday. Japan’s …
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Posted on 13/02/2017

Dubai tops GCC in global cities ranking

Dubai has been ranked first in the GCC according to the latest ‘Global Cities’ report released by AT Kearney at the World Government Summit. The cities were ranked on five factors including – business activity, human capital, information exchange …
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Posted on 13/02/2017

Up, up and away: Passenger-carrying drone to fly in Dubai

Musk, who took no questions from reporters on Monday, later launched his Tesla car brand in Dubai at an event organizers said was not open to international media. Musk has come under criticism for serving on a business council advising U.S. President …
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Posted on 13/02/2017

Somaliland agrees to UAE military base in Berbera

MPs in the self-declared republic of Somaliland have agreed to allow the United Arab Emirates (UAE) to set up a military base in the port of Berbera. Observers say the deal has proved controversial among Somaliland’s neighbours in the Horn of Africa.
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Posted on 13/02/2017

UAE praised as world's unique model

Dubai, Feb. 13 (BNA): Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), has said that the UAE provides a unique model through a combination of sublime human values and future vision to establish a better world.
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