Recent geopolitical developments on the regional front and new residential legislation in Dubai – with prime focus on affordable housing – are both likely to impact the emirate’s property market, according to leading international real estate consultancy …
( read original story …)
UAE start-up makes life child’s play for parents
My experience from the corporate world has been invaluable building the business, as has my journey as a mother. What gap in the market were you initially trying to fill? Hire4Baby.com considers itself an ancillary service to UAE tourism, and the intention …
( read original story …)
$450m ‘Leonardo painting’ heads to Louvre Abu Dhabi
Media captionThe painting has been cleaned and restored from the image on the left to the one on the right A 500-year-old painting of Christ believed to be the work of Leonardo da Vinci is heading to the Louvre Abu Dhabi, the museum has said. The newly …
( read original story …)
Leonardo da Vinci’s Salvator Mundi is going to the Louvre Abu Dhabi
Leonardo da Vinci’s Salvator Mundi is going to the Louvre Abu Dhabi, the art gallery tweeted on Wednesday. But there’s still no public information on who purchased the painting at the record-setting auction in November, when the controversial artwork went …
( read original story …)
$450m ‘Da Vinci painting’ heads to Louvre Abu Dhabi
Media captionThe painting has been cleaned and restored from the image on the left to the one on the right A 500-year-old painting of Christ believed to be the work of Leonardo da Vinci is heading to the Louvre Abu Dhabi, the museum has said. The newly …
( read original story …)
Adnoc IPO of distribution unit set to raise up to Dh3.3bn
Adnoc Distribution said last month it plans to open its first petrol stations in Dubai and Saudi Arabia next year as it positions itself for growth following its planned IPO on the Abu Dhabi Securities Exchange this month. “We intend to leverage the …
( read original story …)
Hamdan launches Day for Dubai initiative
Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Executive Council, on Wednesday announced the launch of the ‘Day for Dubai’ initiative. The initiative aims to both solidify social responsibility among …
( read original story …)
UAE PMI makes highest gain since August on new businesses
The UAE’s non-oil economy had the biggest three-month gain in November, boosted by steep growth in output and new business, according to a key gauge of the sector. Purchasing activity rose at the highest pace since the survey began in 2009, suggesting …
( read original story …)
Dubai SME and WOMENA launch new entrepreneur programme
Dubai, specifically targeting young women considering finance or entrepreneurship careers. The course programme ran for one month, with two separate themes: ‘Future Founders,’ which focused on enabling students to create a viable business; and …
( read original story …)
Adnoc cuts indicative price range for unit’s IPO as market sags
Last month’s market debut of Dubai real estate firm Emaar Development was weak, and the stock has now dropped to 5.56 dirhams from the IPO price of 6.03 dirhams. The IPO raised $1.3 billion for Emaar Properties. Abu Dhabi’s main share index was flat on …
( read original story …)
UAE ranks high in technology adoption in financial services
The UAE embracing digital adoption faster than West in all areas of life including financial services, according to a recent HSBC research. HSBC’s new global research report, Trust in Technology, which includes research from over 12,000 people in 11 …
( read original story …)
UAE needs to apply minimum standards to get off tax blacklist: EU envoy
EU finance ministers on Tuesday adopted a blacklist of 17 jurisdictions deemed to be tax havens, including the UAE and Bahrain, in an unprecedented step to counter worldwide tax avoidance. Blacklisted countries may no longer be used by EU institutions for …
( read original story …)
UAE launches plan to send four Emirati astronauts into space
The UAE on Wednesday launched its ambitious plan to send four Emirati astronauts into space. Young Emiratis have been invited to register for the UAE Astronaut Programme by Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister …
( read original story …)
Dubai Business Events Showcases 2018 Offerings at Ibtm World In Barcelona
Dubai Business Events, the city’s official convention bureau, has once again participated at IBTM World, showcasing the city’s latest offerings and forthcoming events throughout 2018. Held annually in Barcelona, the 2017 edition of IBTM World was …
( read original story …)
Dh5,000/night at ‘super premium’ Bulgari hotel in Dubai
Dubai: The lights have gone on at the seahorse-shaped Jumeirah Bay, Dubai’s next big destination for luxury living. The first component of that experience — a Bulgari hotel and right on the waterfront — opened its doors wide on Wednesday (December 6 …
( read original story …)
Big investor response to Adnoc Distribution’s $2B IPO
Adnoc Distribution unit set an indicative price range of between Dh2.35 and Dh2.95 for its IPO that could raise as much as $2 billion to become a milestone transaction, the largest public offering in the UAE to date. Adnoc is selling a minimum of 10 per …
( read original story …)
Abu Dhabi’s ADNOC cuts indicative price range for unit’s IPO as market sags
Abu Dhabi’s state-owned oil firm had indicated last month that it could sell as much as 20 percent of ADNOC Distribution at a higher price range, which would have valued the deal as high as $2 billion, making it the UAE’s biggest IPO since 2007.
( read original story …)