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Month: July 2017

Posted on 29/07/2017

Abu Dhabi police detain man with 3 kg heroin

Colonel Taher Ghareeb Al Dhaheri, Director of Abu Dhabi police’s Drug Control Department, said that they had information about the man trying to sell heroin capsules in the United Arab Emirates’s capital, the news report said on Saturday. The drug dealer’s …
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Posted on 29/07/2017

Before taking off to Abu Dhabi, Katrina Kaif to fly down to Mumbai for 2 days workshop

Interestingly, before taking off to Abu Dhabi, Katrina Kaif will be doing a quick two days workshop in Mumbai for Aanand L Rai’s movie. While Katrina Kaif will be joining Rai’s movie once she has wrapped up TZH, the prep for the movie will begin in advance.
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Posted on 29/07/2017

A family office spin-off runs a hedge fund that invests like institutions

Dover then moved to Dubai with his wife, and there, received interest from GCC-based families as well. So in late 2015, he spun out of the family office to focus on managed accounts for these families, and launched the Heirloom Investment Fund in June 2016.
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Posted on 29/07/2017

Is This Oil Price Rally Sustainable?

citing tougher disclosure rules in the U.S. The final decision for the estimated $100 billion IPO is not expected until later this year. UAE: We will increase compliance. The UAE said that it would cut production deeper in the near future in order to boost …
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Posted on 29/07/2017

3D printing: Is the construction sector catching up?

One key issue, according to Fahmi Al-Shawwa, CEO of Immensa Technology Labs – a UAE based 3D printing company – is the commercial viability of construction related 3D printing. The number one challenge is cost, agrees Thasarathar. “Who is going to …
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Posted on 29/07/2017

UAE asks banks to freeze accounts of those named on Qatar-linked blacklist

Doha denies the claims. In a circular, the UAE watchdog asked banks and financial institutions to “start immediate search for and freezing of all bank accounts, investments, and deposits that may be held by any individual or entity” included on the …
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Posted on 29/07/2017

Ras Al Khaimah Properties : RAK Properties’ earnings soar on increase in off-plan sales

“With proven excellence in a wide range of projects, the leading property developer is expected to announce additional residential, hospitality and retail projects to further its growth this year.” At the Cityscape Abu Dhabi property exhibition in March …
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Posted on 29/07/2017

Norway’s wealth fund buys property in central Paris

OSLO, July 28 (Reuters) – Norway’s sovereign wealth fund has agreed to pay 462.2 million euros ($541.28 million) for a property in central Paris owned by subsidiaries of Abu Dhabi Investment Authority, it said on Friday. The property comprises 24,500 …
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Posted on 29/07/2017

RAK Properties half year revenues hit $57.4m

Leading property development firm RAK Properties has announced record … The firm, which is listed on the Abu Dhabi Stock Exchange, currently boasts total assets valued at Dh5.11 billion ($1.39 billion), a significant increase on the Dh4.99 billion …
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Posted on 29/07/2017

Abu Dhabi Q2 earnings estimates

Q2 2017 %change Arqaam Capital 526.00 3.69 EFG Hermes 494.00 -2.62 Abu Dhabi Islamic Bank reported a net profit of 507.30 million dirhams in the second quarter of 2016. —– ALDAR PROPERTIES …
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Posted on 29/07/2017

Keep on trucking: UAE start-up founder sets his sights on GCC

Dubai: Trukker, one of the UAE’s latest start-ups … We’ve committed to continue pumping cash in to the business even if we’re not making money,” Biswas said. The next step Now, satisfied with their progress in the consumer market, Trukker …
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Posted on 29/07/2017

Dubai ahead of Bahrain in innovation

Bahrain is losing ground to Dubai as a regional hub for financial services and must adopt new technology to stay relevant, a new report revealed yesterday. “The United Arab Emirates has been a more enthusiastic adopter and promoter of fintech …
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Posted on 29/07/2017

Thousands of North Korean labourers in US-allied Gulf nations

DUBAI, United Arab Emirates — As pressure on North Korea grows over its nuclear weapons program, America’s most valued Arab allies host thousands of its labourers whose wages help Pyongyang evade sanctions and build the missiles now threatening the U.S …
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Posted on 29/07/2017

Salman Khan and Katrina Kaif’s Tiger Zinda Hai now moves to Abu Dhabi from Morocco.

It will happen in Abu Dhabi again! Director Ali Abbas Zafar revealed it saying on Twitter, writing, “4th schedule of @TigerZindaHai done in morocco, thank you local production you guys did a fabulous job, here we come Abu Dhabi -last one.”
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Posted on 29/07/2017

United Arab Emirates mission evaluates investment options in Costa Rica

The mission is part of the Abu Dhabi Fund for Development, according to a news release from the Costa Rican Foreign Ministry. Local officials presented projects that focus primarily on public infrastructure and public services. Among these are the …
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Posted on 29/07/2017

Indian body repatriation rules cause confusion again

Abu Dhabi: While the controversy on the repatriation procedures of mortal remains to India continues, two divergent positions have emerged on the issue from two different quarters of the Indian government. As Gulf News reported on July 10, a circular …
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Posted on 29/07/2017

Top 5 factors that influence customers’ choice of a hotel in Ghana

Strong Wifi connection, on site restaurant … In modern day, countries such as the UAE and the USA have up to 7 star hotels with ultramodern facilities and mind-blowing architecture. In Ghana, there are quite a few 4-5 star hotels and many budget to …
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