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Month: December 2017

Posted on 11/12/2017

Dubai Economy Warns Businesses Not to Hike Prices Ahead of VAT

The initiative is part of protecting consumer rights and enhancing transparency across retailing in line with Dubai’s reputation as a competitive business destination. Retailers have to display the VAT applicable separately on every invoice from 01 …
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Posted on 11/12/2017

Dubai: Mohamed Hefzy’s Film Clinic Boards Abu Bakr Shawky’s ‘Yomeddine’ (EXCLUSIVE)

DUBAI, United Arab Emirates — Prominent Egyptian indie producer Mohamed Hefzy’s Film Clinic has come on board as co-producer of Egyptian-Austrian filmmaker Abu Bakr Shawky’s upcoming feature film “Yomeddine,” a road movie about a middle-aged man …
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Posted on 10/12/2017

Coral concept: Buglari finally opens its Dubai property

When it comes to location, Bulgari Hotels and Resorts could not have picked a better spot for its newly opened Dubai iteration. Set on Jumeira Bay, a manmade seahorse-shaped island, with a scenic tableau of the yacht-speckled Arabian Gulf as well as the …
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Posted on 10/12/2017

UAE media outlets earn trust of 94% of public

Dr Bassam Al Towaisi of the Jordan Media Institute, told a news conference yesterday that the poll of 2,500 respondents, 50 per cent of whom were citizens and 50 per cent expatriates, showed that 94 per cent of the people trust the UAE media outlets.
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Posted on 10/12/2017

British waiter faces two years in Dubai prison after testing positive for cannabis he says he smoked in UK before jetting out to the Gulf

Connor Clements, 24, upped and left Liverpool earlier this year after getting ‘stuck in a rut’ in the UK. With his sister already living in Dubai he was hopeful things would get better and managed to land a job as a waiter. But things took a ‘horrific …
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Posted on 10/12/2017

Strong 2018 Forecast and Diversification Lift Business Sentiments in Dubai

Businesses in Dubai are more upbeat about the final quarter of 2017 compared to the previous quarter, driven by increased demand during the winter months. The quarterly survey of Dubai Economy showed the composite Business Confidence Index (BCI) in the …
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Posted on 10/12/2017

Strong Demand Spurs New Release of Water’s Edge Homes From Aldar Properties

Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, today announced that due to strong demand it will release more apartments for sale in Water’s Edge, the Company’s waterfront …
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Posted on 10/12/2017

Dubai utility awards floating solar contract

Etihad Esco is set to develop and install floating solar PV systems after being awarded a contract by Dubai Electricity Water Authority (DEWA). Ali Al Jassim, CEO of Etihad Esco, said: “The installation of solar PV systems at DEWA water reservoirs comes …
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Posted on 10/12/2017

ADNOC Distribution IPO values retail business at $8.5bn

In a note to investors on its website, ADNOC noted that the IPO “creates a new platform and route for further value creation.” “This important and strategic offering represents a unique opportunity for investors to own a stake in the UAE’s number …
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Posted on 10/12/2017

Bank accounts must for Pakistani expats to remit money

Dubai: The Pakistan government will soon make it mandatory for all expatriates from the country to open bank accounts back home to be able to send remittances, an official has said. The move will curb illegal transfers and money laundering. “The Pakistan …
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Posted on 10/12/2017

Dubai plate AA10 goes for Dh3.12m

speaking to Gulf News, during the auction at Westin Hotel. RTA generated revenue of Dh12.3 million through the auction of 10 special plates, with three plates breaking the million barrier. A Dubai based businessman Majid Mustafa grabbed the plate number …
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Posted on 10/12/2017

Dubai’s Souq.com says no expansion planned for now due to “untapped” potential

Dubai-based online shopping site Souq.com is not looking to … Souq.com rapidly expand into new Middle East and North Africa markets. However, speaking to Gulf Business, Ronaldo Mouchawar indicated a more conservative approach was instead being adopted.
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Posted on 09/12/2017

The Best Hotels in Abu Dhabi for Paying With Points and Miles

Opinions expressed here are author’s alone.” Headed to sparkling Abu Dhabi? Here are some great properties to redeem your points and miles for an unforgettable vacation. For a list of great hotel rewards cards with enough points to get your journey …
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Posted on 09/12/2017

UAE disappointed with EU tax list

Dubai: The UAE government has expressed its surprise and disappointment that it has been included by the European Union in a list of non-compliant tax jurisdictions. On Tuesday, the EU announced that the UAE, along with 16 other countries, had been …
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Posted on 09/12/2017

Emaar, Dubai Properties in talks for $1.1bn loan

Emaar Properties, a leading Dubai-based developer, is in discussions with banks to obtain a loan facilities in partnership with another major developer Dubai Properties, reported Reuters, citing sources. Discussions are taking place on a bilateral basis …
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Posted on 08/12/2017

Abu Dhabi authorities revealed as buyers of $450m ‘Leonardo painting’

Media captionThe painting has been cleaned and restored from the image on the left to the one on the right Abu Dhabi’s Department of Culture and Tourism has confirmed that it bought the $450m Salvator Mundi painting for the state’s new Louvre gallery.
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Posted on 08/12/2017

Adnoc Distribution prices the largest Abu Dhabi IPO in 10 years

Dubai: State-owned energy giant Abu Dhabi National Oil Co (Adnoc … Adnoc is listing 10 per cent of its fuel distribution business, pricing its initial public offering (IPO) at Dh2.50 at the mid-range price, according the company. According to the …
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