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Month: December 2017

Posted on 27/12/2017

Hundreds of thousands to fly through Dubai for NYE

Dubai: As New Year’s Eve preparations kick into high gear … which are 7 kilos for economy class and 14 kilos for business and first class. Staff will be checking the weight of carry-on bags at various touch points before passengers board their flights.
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Posted on 27/12/2017

Dubai developer says planning unit IPO in H2 2018

Union Properties has announced its intention to raise capital through an initial public offering (IPO) of the shares of ServeU, its facilities management subsidiary, in the second half of 2018. The company said it will list the ServeU shares on Dubai …
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Posted on 27/12/2017

Dubai Financial Market : UP to offer ServeU shares on DFM in H2-18

Dubai – Mubasher: Union Properties (UP) on Monday unveiled a plan to offer the shares of its facilities management unit, ServeU, in an initial public offering (IPO) in the second half of 2018 on the Dubai Financial Market (DFM). UP also plans to invest …
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Posted on 27/12/2017

Araco begins work on Business Bay hotel project

UAE-based firm Abdul Rahim Architectural Consultants (Araco) will begin its supervisory role on a new hospitality project in Dubai’s Business Bay. Construction of the 17-floor, four-star hotel project will begin this month, adding a further 228 rooms …
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Posted on 27/12/2017

Abu Dhabi’s IPIC says Malaysian fund 1MDB has paid settlement amount in full

KUALA LUMPUR (Reuters) – Abu Dhabi’s government-owned International Petroleum Investment Co (IPIC) on Wednesday said Malaysian state fund 1Malaysia Development Berhad (1MDB) has made all required payments as part of a settlement agreement between the two.
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Posted on 27/12/2017

1,104 buildings constructed in Q3 in Abu Dhabi

Mohamed bin Zayed City in Abu Dhabi came first in terms of completed buildings with … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 27/12/2017

Abu Dhabi launches electronic trading licence drive

reported Emirates news agency Wam. The initiative was launched at a press conference at Abu Dhabi Economic Media Club headquarters. Participants included Mohammed Munif Al Mansouri, CEO of Abu Dhabi Business Centre, Ahmed Tarish Al Qubaisi, acting director …
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Posted on 27/12/2017

With 5% VAT from January 1, trips to UAE to cost more

a majority of the 1.8 crore were flying between India and UAE. Get latest news & live updates on the go on your pc with News App. Download The Times of India news app for your device.
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Posted on 27/12/2017

RTA, Dubai Police reveal plans to beat New Year’s Eve traffic in Dubai

This year, we will have three exits. Dubai water canal walkway will be open to exit and two exits onto Shaikh Zayed Road.— Gulf News (@gulf_news) December 27, 2017 Event Security Committee App is a smart app highlighting all available services such as …
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Posted on 27/12/2017

Taxe-free no more: Saudi Arabia, UAE to roll out VAT in 2018

DUBAI, United Arab Emirates — Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle, plan to impose a 5 per cent tax next year on most goods and services to boost revenue after oil …
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Posted on 27/12/2017

UAE news year in review: the most important stories of 2017

More space news would make headlines and spark the public imagination … Visitors look at the marble statue of Diana of Versailles at the Louvre Abu Dhabi. REUTERS When sirens rang at the Torch Tower in Dubai Marina warning of a potential fire just …
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Posted on 27/12/2017

Nestlé factories in Dubai to install pv solar rooftop

Nestlé has signed agreements with Yellow Door Energy, a leading provider of lease-to-own solar power solutions in Dubai, and ALEC Energy, a DEWA-approved solar contractor, to install solar photovoltaic panels that will provide renewable energy to its …
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Posted on 27/12/2017

Former Dubai-based tech entrepreneur convicted of fraud by US court

Two technology entrepreneurs who rose to prominence in the years before the financial crisis were found guilty of manipulating shares in a digital-video software startup at the center of a complex fraud that spanned from China to Dubai. Former KIT Digital …
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Posted on 27/12/2017

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

A company in Dubai called Katerpillar has held training classes for businesses … but within six months the law was revised to exclude nationals, according to the Oxford Business Group. In the mid-1970s, during an oil boom and construction drive in …
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Posted on 27/12/2017

UAE, Tajikistan plan to create joint investment fund

Sattor recently visited the UAE with a high-level business delegation to hold discussions with the UAE based funds and businessmen to look for investment opportunities and increase cooperation between the two sides. “During the meetings we discussed …
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Posted on 27/12/2017

Watch: Shaikh Mohammad visits Dubai Frame

The space between the towers gives a pretty clear view of the city from a high altitude. Gulf News previously reported that the Dubai Frame is expected to attract nearly 2 million tourists a year, and will have a smart ticketing system instead of paper …
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Posted on 26/12/2017

Mohammad Bin Rashid visits Dubai Frame

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday visited Dubai’s new iconic landmark, the Dubai Frame at Zabeel Park. Accompanied by Shaikh Hamdan Bin Mohammad Bin …
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