While the hedge fund appreciated the board overhaul and the operating experience … head of event-driven research at Gordon Haskett. DUBAI/MILAN/PARIS (Reuters) – The naming of a new boss at Etihad Airways presents the Gulf carrier with an opportunity…
( read original story …)
Plummeting Room Rates Threaten Profit Levels at Abu Dhabi Hotels
Despite room occupancy levels at hotels in Abu Dhabi remaining above 80 per cent this month, the relentless decline in achieved average room rate is threatening both top and bottom line performance levels, according to the latest data from HotStats.
( read original story …)
Agricultural Bank of China starts RMB settlement in UAE
ABC said in a media statement at the opening ceremony that the new branch is to improve ABC’s global settlement business, contribute to internationalization of yuan, and support the Belt and Road Initiative. Its Dubai Branch will provide diversified …
( read original story …)
Manipulation’s Persistence and Comex’ Demise
Dubai has historically been a central hub for gold trading … So feel free to fire a couple traders and seed their new hedge funds. Then do all your deals with them via a closely held Singapore shell in which you control the voting shares.
( read original story …)
Outlook for Dubai and Abu Dhabi property markets remains soft
Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by …
( read original story …)
Abu Dhabi Crown Prince to meet Trump at White House
US President Donald Trump will host His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, next week, the White House said on Tuesday. White House press secretary Sean Spicer said …
( read original story …)
UAE drops new hints on its mysterious plan to join the ‘new space race’ and build the first CITY on Mars by 2117
… Crown Prince and Deputy Supreme Commander of the UAE Armed Forces. The project will explore how people can get to Mars and how to create food and energy on the red planet, according to Gulf News. A virtual presentation was made at the same time as the …
( read original story …)
Abu Dhabi Crown Prince the Next Arab Leader to Meet With Trump
US President Donald Trump will meet with Abu Dhabi’s Crown Prince Sheikh Mohamed bin Zayed al-Nahyan next week in Washington, the White House announced on Tuesday. The meeting on May 15 with the prince, who is also the Deputy Supreme Commander of the UAE’s …
( read original story …)
Why you should invest in Dubai’s real estate…
It does seem surreal for boundless vistas of desert to co-exist with some of the planet’s most magnificent property and man-made waterways. To its credit, Dubai has made this seem less like a paradox. This megapolis of 2.7 million people is rapidly growing …
( read original story …)
Digital investment fund plans to raise $300m
Alphabit is registered in Dubai and the Cayman Islands. Fees include 2.5% for management and 45% for performance. The latter will only apply if the fund outperforms the price of Bitcoin, said Robertson, a former currency trader at hedge fund Light Peak …
( read original story …)
East European woman with no ID papers stuck in Dubai
She has been in Dubai for three years now but we are working to solve her problem,” Brigadier Al Murr told Gulf News. The 27-year-old woman came to Dubai in 2011 on a visit visa and she was arrested later for staying in the country illegally and was …
( read original story …)
Dubai’s Newest Police Cars Are All-Electric BMWs
Dubai’s police force, famous for its stable of exotic supercars, has added yet another high-tech, rear-wheel-drive vehicle to its fleet. With a top speed of about 95 miles (150 kilometres) per hour, the BMW i3 will probably leave any high-speed chases to …
( read original story …)
Why you can only get 2 clearance sales in Dubai
confirmed a senior official at Dubai Festivals and Retail Establishment. But good news is in store as they are now replaced with super sales where prices may be cut by as much as 90 percent. The Dubai Festivals and Retail Establishment (DFRE), an agency of …
( read original story …)
Multi-million e-scrap recycling hub set for Dubai
United Arab Emirates: An investment of 120 million Emirati Dirham (US$ 32.6 million) is to be made in the construction of an advanced electronics recycling facility in Dubai, which is scheduled to become operational by the end of this year. Enviroserve UAE …
( read original story …)
Clothes encounter: The pop-up phenomenon
DUBAI: As social etiquette goes, it isn’t good manners to ask someone with a stunning outfit where they purchased it. But if curiosity gets the better of you and you do the undoable, chances are that they will tell you they picked it up at an …
( read original story …)
Dubai students’ cardboard homes to solve refugee housing crisis
Gems Young Innovator of the Year Mythri Muralikannan, a grade seven student at The Millennium School, Dubai was declared the ‘Gems Young Innovator of the Year’ for spearheading a technology-driven idea to make news headlines surrounding child deaths in …
( read original story …)
Katsuya’s Ninth Location Opens Its Doors In Dubai
Katsuya Dubai features a large, family-style dining area with polished white tables and warm inviting couches, while the walls are adorned with oversized backlit photographs of colorful, futuristic Samurai helmets, bringing a touch of artistic glamour.
( read original story …)