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Month: February 2017

Posted on 10/02/2017

Dubai FDI promotes investments at the House of Commons

… role of Dubai, and the UAE in general, in facilitating global trade and channeling investment into potential markets were highlighted at a meeting at The House of Commons in London recently, which was organized by the Diplomat Business Club with the …
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Posted on 10/02/2017

Dubai one of world’s most visited cities: Euromonitor

Dubai: Dubai attracted more than 14 million visitors in one year, making the city one of the most visited destinations in the world, according to the latest data released by Euromonitor International. The market research firm, which ranks cities according …
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Posted on 09/02/2017

Dubai’s oldest bank is anything but archaic inside

Mashreq is the oldest privately owned bank in the UAE – but that’s about the only thing that’s antiquated about the company. Since it was established in 1967, the bank has been an IT pioneer in Dubai – from installing the Emirate’s first ATM, to …
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Posted on 09/02/2017

Hokkaido food to build cultural bridge between Japan and UAE

Rashid Mohammad Al Shariqi, Director General of Abu Dhabi Food Control Authority, was the chief guest at the event. Ryosuke Kobayashi, executive director of Hokkaido Economic Federation, told Gulf News that the food promotion would enhance cultural …
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Posted on 09/02/2017

Dubai smart city achieving targets

Abu Dhabi: Dubai’s move towards establishing itself as the smartest city is well on course with 100 smart initiatives and 1,000 smart services to be completed this year, said an official at a conference in the capital on Tuesday. Mattar Al Humairi …
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Posted on 09/02/2017

UPDATE 3-Boutique bank Moelis wins advisory role for mammoth Saudi IPO

NEW YORK/LONDON/DUBAI, Feb 8 Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world’s biggest initial public share offering, sources familiar with the matter told Reuters. The IPO, which Saudi …
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Posted on 09/02/2017

Abu Dhabi residents warned not to dry laundry in public

Abu Dhabi: Residents of Abu Dhabi who hang laundry out to dry in apartment balconies and windows despite warnings risk being slapped with a Dh1,000 fine. The warning was issued by the Abu Dhabi Municipality after it conducted an awareness, educational …
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Posted on 09/02/2017

Leaders praise sacrifices of martyrs doing national duty

Abu Dhabi: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday offered condolences to the family of martyr Rashid Ali Mohammad Al Dahoori, who died in action while …
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Posted on 09/02/2017

Abu Dhabi’s MTB takes shape and receives early ‘tour’

Abu Dhabi Airports’ executive management recently took a team from the General Authority for the Security of Ports, Borders and Free Zones – affiliated to the Supreme National Security Council of Abu Dhabi – on a tour of the Midfield Terminal …
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Posted on 09/02/2017

ADNEC generated business activities worth AED3 billion in 2016

A staggering AED3 billion business activity was generated by the Abu Dhabi National Exhibitions Company, ADNEC, in 2016. Its key venues include Abu Dhabi National Exhibition Centre and Al Ain Convention Centre, AACC, and together, the centres hosted more …
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Posted on 09/02/2017

LaLiga takes part in grassroots coaching workshop in Abu Dhabi

A total of 98 coaches from clubs, football academies and football schools across Abu Dhabi attended the event, at which Fernando Sanz headed the LaLiga delegation. Other participants in the workshop included officials from leading Emirati clubs such as Al …
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Posted on 09/02/2017

Ulissi looking to 'hit the target' at Trofeo Laigueglia

UAE Abu Dhabi roster for Trofeo Laigueglia: Diego Ulissi, Valerio Conti, Kristijan Durasek, Matej Mohoric, Manuele Mori, Simone Petilli, Jan Polanc, Edward Ravasi.
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Posted on 09/02/2017

A walk to honour legacies of Emirati women

Walking in the footsteps of their ancestors, fifty women will embark upon the 120 kilometre journey from Al Ain to Abu Dhabi On 9th February 2017, fifty women will begin an historical journey, tracing the footsteps of generations of Emirati women along the …
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Posted on 09/02/2017

Etihad Airways carried 18.5 million guests in 2016

Etihad Airways carried more than 76 per cent of the total passengers who travelled to and from Abu Dhabi International Airport in 2016. With the addition of the airline’s equity partners that operate flights into the UAE capital, the combined total rises …
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Posted on 09/02/2017

Property resale registration fees illegal in Abu Dhabi

I have a question on the topic of developers’ so-called registration fees on resales. I am buying a villa in Abu Dhabi and the developer is charging a whopping 5 per cent fee for the resale registration. I was under the impression that this was made …
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Posted on 09/02/2017

London third-biggest residential property market for Middle Eastern wealth after Abu Dhabi and Dubai

When it comes to balancing risk and reward in real estate, cities in Europe, South East Asia and Mediterranean fit into the sweet spot. In terms of house price, local rents and prospective growth—Portugal, Cyprus, India and Pakistan have been crowned as …
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Posted on 09/02/2017

Five Issues UAE Businesses Need To Be Prepared For In 2017

As we enter 2017, there are a number of issues that owners of UAE businesses of all sizes and across all sectors will face. In this article, I will highlight the areas we, as a business ourselves, feel will be hot topic items in 2017, and the biggest …
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