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Month: September 2017

Posted on 16/09/2017

Dubai Financial Regulator Issues Warning on ICOs

A financial services regulator in Dubai has issued a warning on initial coin offerings (ICOs). In a new statement today, the Dubai Financial Services Authority (DFSA) became the latest markets regulator to urge caution to prospective investors, a list …
( read original story …)


Posted on 16/09/2017

Dubai & Malaysia Sign Fintech Cooperation Agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech. According to both parties, this agreement reflects efforts by both authorities to provide a …
( read original story …)


Posted on 16/09/2017

Dubai and Abu Dhabi once again claim top slots in latest Middle East financial hub ranking

DUBAI: The UAE has enhanced its position as the leading financial hub of the Middle East, with Dubai and Abu Dhabi claiming first and second regional spots in the twice-yearly Global Financial Centres Index (GFCI). Dubai jumped seven slots in the rankings …
( read original story …)


Posted on 16/09/2017

Dubai property investors look to Expo 2020 as job losses detract from Cityscape buzz

:: The buzz that surrounded the three-day Cityscape Global property exhibition in Dubai this week belied a market still suffering from expat job losses and investor uncertainty. While property investors hope for an Expo 2020-related rebound, prices remain …
( read original story …)


Posted on 16/09/2017

Campion rolls out smart lighting solutions for UAE

Campion International, a leading provider of sustainable and eco-friendly lighting solutions, showcased its new solar lighting generation for urban projects and smart cities at the Cityscape Global expo held recently in Dubai. During the three-day event …
( read original story …)


Posted on 16/09/2017

Emirati legal drama ‘Justice’ premieres in the UAE

which depicts real-life court cases from the Abu Dhabi judiciary. Fatima Al Taei, who plays the ambitious lead character, Farah, a lawyer who is trying to make it on her own without her well-known lawyer father’s name, told Gulf News tabloid! that she …
( read original story …)


Posted on 16/09/2017

UAE get ready for iPhone 8, 8 plus: Pre-orders start today

UAE telco Etisalat will offer Apple’s latest products starting on September 15, including the new generation iPhone 8 and iPhone 8 Plus. “Customers will be able to pre-order iPhone 8 and iPhone 8 Plus beginning September 15 on www.etisalat.ae and visit the …
( read original story …)


Posted on 16/09/2017

Schools must teach children how to swim, UAE parents feel

Dubai: It’s time to make swimming lessons or water safety a mandatory part of the school curriculum to prevent child deaths due to drowning, some parents and advocates said. Their reaction came following the death of four boys who drowned in a big water …
( read original story …)


Posted on 15/09/2017

Aramco IPO Remains On Track, Company Says

Aramco’s initial public offering remains on track for next year, the company told UAE’s The National in an email, following a report that suggested the initial schedule might be delayed. The delay, sources told Bloomberg yesterday, would be because of …
( read original story …)


Posted on 15/09/2017

Property buyers in Dubai need to do ‘due diligence’ on payment plans, says Damac

‘Loose’ payment plans offered by developers could end up hurting the Dubai real estate market, according to Damac Properties’ senior spokesperson, Niall McLoughlin. Speaking to Arabian Business at real estate show Cityscape Global, McLoughlin, senior …
( read original story …)


Posted on 15/09/2017

Faith and facts: You need both to buy UAE property

Investors weighing up their options in Dubai real estate are advised to focus on under-supplied properties offering the best real value rather than those made to stand out by the most creative marketing initiatives. Firas Al Msaddi, CEO of fäm Properties …
( read original story …)


Posted on 15/09/2017

Dubai property investors look to Expo as job losses detract from Cityscape buzz

DUBAI: The buzz that surrounded the three-day Cityscape Global property exhibition in Dubai this week belied a market still suffering from expat job losses and investor uncertainty. While property investors hope for an Expo 2020-related rebound, prices …
( read original story …)


Posted on 15/09/2017

Dubai Holding business manoeuvre will not affect SmartCity

Kochi: The major organizational restructuring at Dubai Holding amid speculation that the investment conglomerate would disassociate itself from all international projects would not have an adverse impact on SmartCity Kochi; a joint venture between Dubai …
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Posted on 15/09/2017

Dubai bets on Expo 2020 to boost property sector

DUBAI — Dubai’s glitzy property market, hit by a three-year downturn, is regaining momentum as the emirate prepares for its Expo 2020 trade fair, analysts and developers say. The six-month event, the first World Expo to be staged in the Middle East, is …
( read original story …)


Posted on 15/09/2017

Yemeni rebel leader threatens attacks on UAE territory

The leader of Yemen’s Shiite rebels threatened on Thursday to attack territory in the United Arab Emirates, a key member of a Saudi-led coalition fighting to defeat his Iranian-backed forces and restore an internationally recognized government. In a speech …
( read original story …)


Posted on 15/09/2017

Dubai to build world’s first underwater luxury resort in the image of Venice

Dubai, the glittering city of superlatives, has announced plans to build the world’s first underwater luxury resort, modeled after the mystical city of Venice. To be located 4km offshore from Dubai’s mainland, the US$680 million Floating Venice will …
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Posted on 14/09/2017

Relaxation in visa regime will boost Indo-UAE ties: Envoy

will be eligible to obtain a UAE visa on arrival, he said. Hopefully, there would be more measures in days to come to further improve the long-term strategic partnership between the two countries, the envoy said. Get latest news & live updates on the go on …
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