Dubai witnessed an upsurge in both ready and off-plan sales this year, with overall property transactions until September totalling to more than 50,000, according to the Dubai Land Department (DLD). Heightened off-plan sales, lower priced inventory …
( read original story …)
Dubai’s first wholesale store for personal, business shoppers opens
Dubai: A new shop has just opened its doors in Dubai and it is introducing to consumers a non-traditional way to make purchases – buying in bulk. Purchasing goods in bigger quantities has been considered a great way to save money. By buying more at once …
( read original story …)
du Launches Business Mobile Centre at the Dubai Health Authority
Today, UAE-based telecom service provider, du, launched its first ‘Business Mobile Centre’ at the Dubai Health Authority, inaugurated by Hany Fahmy Aly, Executive Vice President, Enterprise Business, du. The mobile air-conditioned bus will bring du …
( read original story …)
Bottas beats Hamilton in season-ending Abu Dhabi Grand Prix
ABU DHABI, United Arab Emirates — Valtteri Bottas won the season-ending Abu Dhabi Grand Prix from pole position on Sunday, beating his Mercedes teammate Lewis Hamilton as Formula One’s season finale petered out into a procession. The Finnish driver …
( read original story …)
Kilos of illegal tobacco destroyed in UAE
Dubai: In a routine inspection campaign, authorities in Al Ain rounded up four men and seized dozens of bags containing the highly-addictive chewing tobacco known as naswar. The inspection department at Al Ain Municipality recently confiscated and …
( read original story …)
Fresh push to involve NAB in Dubai investment probe
The FIA director also informed the committee that the agency has shared a list of 100 people who own properties in Dubai with the Federal Board of Revenue. All the investments in Dubai’s real estate are illegal, as State Bank of Pakistan has already …
( read original story …)
Buildings in Dubai will soon be charged for waste collection
the Dubai Municipality has announced that it will be outsourcing its waste management system by the middle of next year, with a tipping fee charged per ton of waste disposed. This means that owners or property management companies of commercial or …
( read original story …)
The Big 5 Solar to boost sector in Mideast
a premier event for solar industry in Dubai, UAE is expected to advance solar power generation in the Middle East. The first edition of the event will be held under the patronage of the Ministry of Energy alongside the largest construction show in the …
( read original story …)
Sharjah International Children’s Film Festival concludes
Sharjah: The Sharjah International Children’s Film Festival (SICFF) organised by ‘FUNN’, Sharjah Media Arts for Youth and Children, has concluded its last series of film screenings and activities in Al Thaid, Al Madam, Al Hamriya and Al Bataeh. The …
( read original story …)
Dubai Police Transfers 100 Percent of Services to Smart Technology: Smart Dubai
Dubai Police has successfully shifted 100% of its services and transactions to smart technologies, announced Smart Dubai, adding that there has been noticeable progress across all government bodies in embracing hi-tech solutions. This achievement adds to …
( read original story …)
Middle East financial market industry prepare to brace for change
Mohammed Al Hashemi, Chairman of the UAE Financial Markets Association, organisers of the 42nd ICA Conference, officially opened the event alongside Taher Khalifa, Chairman of the International Cambist Association (ICA), welcoming hundreds of local …
( read original story …)
Dubai’s Noor Bank To Step Away From Unsecured SME Lending
Dubai-based Noor Bank will move away from unsecured lending to SMEs after being impacted by a rise in bad debts within this sector. One of the UAE’s bigger banks has said that it would move away from unsecured lending to small and medium-sized …
( read original story …)
Emirates Islamic eyes strong growth in retail banking business
… the backdrop of low single digit loan growth in the UAE in 2017, Emirates Islamic is targeting strong growth in retail financing business next year, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management of Emirates Islamic told Gulf News in …
( read original story …)
Selfdrive.ae Launches Electric Cars for 5 AED per hour in Dubai, UAE
Becomes first online self drive rent a car company in UAE to host Electric Cars SelfDrive.ae announced the launch of a new segment of all electric cars (E-Cars) to its online fleet of Self Drive car rental in Dubai. In a unique initiative to promote E-Cars …
( read original story …)
ADNOC’s distribution unit could raise as much as $2bn in IPO
distribution unit set an indicative price range for its initial public offering (IPO) that could raise as much as $2bn to become the biggest listing in the UAE since 2007. ADNOC Distribution set an indicative price range of between Dhs2.35 ($0.6400 …
( read original story …)
Does UAE’s banking sector deserve to be given credit or not?
The UAE’s banking sector will see growth strengthen in 2018, and remain fairly robust in 2019, as the economy at large benefits from higher oil prices and easing oil production curbs. Total assets growth and client loans growth both decelerated in June …
( read original story …)
Abu Dhabi’s Adnoc Seeking Up to $2 Billion With Unit IPO
The crude producer will price the IPO of Abu Dhabi National Oil Co. for Distribution PJSC in a range of 2.35 dirhams (64 cents) to 2.95 dirhams a share, according to an advertisement published in Gulf News. Based on that estimate, the unit is valued at $8 …
( read original story …)