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Month: February 2017

Posted on 20/02/2017

Australia and the United Arab Emirates to explore closer defence ties

AUSTRALIA and the United Arab Emirates (UAE) will explore closer defence ties after a meeting between Defence Industry Minister Christopher Pyne and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Mr Pyne and Sheikh Mohammed, who is also Deputy …
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Posted on 20/02/2017

Dubai Chamber outlines new objectives to support growth

The strategy aims to promote Dubai as a global business hub, create a favourable business environment and support the development of business in Dubai. Under the strategy, six initiatives were outlined to ensure that the Dubai Chamber supports the …
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Posted on 20/02/2017

Brexit jitters already steering more UK investors to Dubai

According to UAE listings portal, propertytrader.ae, the prolonged and uncertain nature of the so-called Brexit is finally pushing UK buyers to find somewhere stable to invest, away from home and Europe, and Dubai seems to be the obvious choice.
( read original story …)


Posted on 20/02/2017

UAE Central Bank announces banking developments

he UAE Central Bank has announced that the money supply aggregate, M1 (currency in circulation outside banks and monetary deposits in current accounts and call accounts at banks), increased by 1.3 percent, from AED474 billion at the end of December 2016 …
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Posted on 19/02/2017

DAMAC Properties هnaugurates Trump International Golf Club Dubai at DAMAC Hills

In celebration of the opening of the Trump International Golf Club Dubai at DAMAC Hills, DAMAC Properties led a golf course tour, with guests of honour including Eric Trump and Donald Trump Jr. Hussain Sajwani, Chairman, DAMAC Properties, said: “It is an …
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Posted on 19/02/2017

Australia and UAE to deepen defence ties

Australia and the United Arab Emirates (UAE) will explore closer defence ties after a meeting between Defence Industry Minister Christopher Pyne and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. Mr Pyne and Sheikh Mohammed, who is also Deputy …
( read original story …)


Posted on 19/02/2017

Trump sons open Dubai golf course, praise U.S. ally

DUBAI (Reuters) – U.S. President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai on Saturday, the first Trump property project launched since their father’s inauguration …
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Posted on 19/02/2017

Abu Dhabi announces 5-year environment strategy

Abu Dhabi: The Environment Agency – Abu Dhabi (EAD) has launched its new Strategic Plan 2016 – 2020, which defines the strategic initiatives that contribute to the Abu Dhabi Plan and the successful implementation of its priorities. The strategy, …
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Posted on 19/02/2017

Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth

DUBAI The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI) is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa …
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Posted on 19/02/2017

Currency fluctuation hits Dubai property market

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. There is a moderately strong inverse correlation between money flows in the …
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Posted on 19/02/2017

KFH participates in 2017 IIF MENA Financial Summit held in Dubai

KUWAIT: Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al- Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying …
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Posted on 19/02/2017

UAE banks likely to face challenges in asset growth and profitability

Dubai: The UAE’s banking sector is headed into another challenging year following strong economic headwinds the sector faced in 2016, according to banking sector analysts. Banks are expected to face further slowdown in loan growth, while asset quality …
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Posted on 19/02/2017

A business beyond bread and butter

Rowe said it is challenging to sustain the brand amid competition. “Food in Dubai has become something that everyone seems to think they know about simply because they love food. Business is tough, competition is fierce, with many openings and even more …
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Posted on 19/02/2017

Trump's Sons Heading To Dubai As Business Interests Continue To Expand Overseas

Although President Trump has stepped back from daily management of the Trump Organization, his businesses continue to expand, often in foreign countries. On Saturday, Trump’s sons Eric and Donald Jr. will be in the United Arab Emirates, helping cut the …
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Posted on 19/02/2017

Trump's sons Eric and Donald Jr. in Dubai to open golf club

Already, a liberal-funded watchdog group has filed a lawsuit alleging his business violates the so-called emolument act of the U.S. Constitution. Similar questions have been raised by legal experts over Trump’s Dubai course. Trips abroad by Trump’s two …
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Posted on 19/02/2017

Trump's sons Eric and Donald Jr. open golf club in Dubai

The visit to Dubai, the first joint business trip abroad by Eric and Donald Trump Jr. since their father’s inauguration, comes as questions still swirl about how the Trump Organization’s many international business interests will affect the administration …
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Posted on 18/02/2017

Trump sons open Dubai golf club as namesake now U.S. president

The Dubai golf course marks Trump’s first successful venture in the Arab world. But it has raised questions about how the Trump Organization’s many international business interests will affect Trump’s administration. Meanwhile, trips abroad by Trump’s two …
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