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Month: October 2017

Posted on 03/10/2017

Indian envoy honours Emirati woman who saved truck driver

Abu Dhabi: Jawaher Saif Al Kumaiti, the Emirati woman who saved the life of an Indian truck driver burnt in an accident in Ras Al Khaimah, upheld the ideals of Mahatma Gandhi, a top Indian diplomat said in Abu Dhabi on Monday evening. “Gandhi said that …
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Posted on 03/10/2017

Why the UAE military is coming to Sharjah

Dubai: Don’t panic when you see fighter jets, snipers and submarines in Sharjah next month Its a drill … according to the state news agency Wam. The event will take place along Al Khan Corniche in the evening, although no specific time has been …
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Posted on 03/10/2017

Meet Leo and Snowy: Dubai Safari’s white lion cubs

More than a 1,000 people participated in the contest, Khalid Sultan Hilal Al Suwaidi, director of Leisure Facilities Department told Gulf News on Monday. He said Hussain Nasser Lootah, director-general of Dubai Municipality, decided to give free tickets to …
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Posted on 03/10/2017

emCash is Dubai’s First Official State Cryptocurrency

The government of Dubai has revealed details of its own blockchain-based cryptocurrency, called emCash. In major news coming out of the UAE, the government of the city of Dubai will develop and implement emCash, an encrypted blockchain-powered digital …
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Posted on 03/10/2017

Dubai is building a huge ‘Mars city’ so we can practice living on the red planet

For such a small place, Dubai sure makes a helluva lot of noise when it comes to ideas of the outlandish variety. The latest plan is for a huge “space simulation city” to provide “a viable and realistic model to simulate living on the surface of Mars.”
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Posted on 03/10/2017

Department Of Culture And Tourism Leads Roadshow To Russia Following Surge In Hotel Guests To Abu Dhabi

Abu Dhabi’s Department of Culture and Tourism led a roadshow to Moscow and St Petersburg recently joined by tourism stakeholders and partners to capitalise on the dramatic surge in visitors into the emirate from Russia in the first eight months of this year.
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Posted on 03/10/2017

Abu Dhabi City Municipality to deploy LED streetlights

Abu Dhabi City Municipality is gearing up to swap out conventional lights in favor of LEDs on streetlights within the city. The move is part of the municipality’s commitment to reducing power consumption and achieving sustainable development. The project …
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Posted on 03/10/2017

Young entrepreneurs, investors meet in Dubai

DUBAI: Scores of startup firms occupied the Boulevard mall at Emirates Towers on Tuesday in hopes of attracting investors and increasing their profile. The Arab Youth Startup Marketplace, organised by the Arab Youth Centre and Mubadala, aims to put young …
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Posted on 03/10/2017

How to legally sublet or lease your home in Dubai

Within 2-3 business days, your account request will be processed and you will be contacted for further procedures. 6. Submit required documents at the Dubai Tourism office and pay Dh1,570 to start your approval process. This amount includes an annual …
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Posted on 03/10/2017

Emaar’s property unit valued at $6.5bn ahead of Dubai IPO

The real estate development business of Emaar Properties, which is being listed in an initial public offering (IPO) in Dubai, is expected to be valued at Dhs24bn ($6.5bn), two people familiar with the deal said. The valuation is based on the assets Emaar …
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Posted on 03/10/2017

$24bn crude swap: Ex-PPMC boss to forfeit nine Dubai properties

The Economic and Financial Crimes Commission has begun fresh moves to seize nine Dubai properties worth about N1.6bn, traced to a former Managing Director of the Petroleum Products Marketing Company, Mr. Haruna Momoh. Already, the EFCC has obtained an …
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Posted on 03/10/2017

Dubai returns to court over ship-repair company’s $2.1bn debt

The maritime engineering business, a unit of the government-owned Dubai World conglomerate, in 2012 had to use bespoke insolvency legislation to finalise its first restructuring after a hedge fund won a judgment against the firm for defaulting. Drydocks …
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Posted on 03/10/2017

UAE economic growth forecast to rise to 3-3.5% in medium term

Economic growth in the UAE is expected to increase to at least 3 percent in the medium term on the back of Expo 2020, according to Bank of America Merrill Lynch’s GEMs Macro monthly report. The bank’s MENA economist Jean-Michel Saliba said UAE real GDP …
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Posted on 03/10/2017

Abu Dhabi Considers Raising $10 Billion From Bond Sale

Oct.03 — Abu Dhabi is said to be considering raising about $10 billion from a dollar bond sale as early as Tuesday to help plug a budget deficit. Waha Capital Chief Operating Officer Alain Dib weighs in on “Bloomberg Markets: Middle East.” Bloomberg 1:54
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Posted on 03/10/2017

Are you liable for income tax while living in the UAE?

For all expats in the UAE property is usually taxed in its physical location, rather than where the owner is resident, Ms McClafferty says: “This means even non-residents can be exposed to property taxes, although the scope and definition will vary …
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Posted on 03/10/2017

Lack of Academic Freedom Plagues NYU Abu Dhabi

Due to recent tensions between the UAE and Qatari governments, the Qatar-based news network Al Jazeera was blocked in the UAE, affecting NYU Abu Dhabi faculty and students. The internet is also highly monitored by the UAE government and cases of outright …
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Posted on 03/10/2017

Confirmed: Deadmau5 and AxwellΛIngrosso coming to Creamfields Abu Dhabi

Ticket prices start from Dh250. Other performing artists will be announced soon. The news marks Deadmau5’s – pronounced ‘dead mouse’ – return to Abu Dhabi since playing the same festival six years ago. AxwellΛIngrosso are regulars in the UAE …
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