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Month: January 2018

Posted on 16/01/2018

Seven Dubai flights diverted due to heavy fog

“Low visibility caused by foggy weather conditions have disrupted normal operations at Dubai International (DXB) this morning with seven in-bound flight diverted to a neighbouring airport,” the spokesperson told Arabian Business. “Dubai Airports is working …
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Posted on 16/01/2018

Revealed: Dubai’s most expensive communities

Downtown Dubai and the nearby Old Town community are the most expensive areas to rent and buy apartments, according to new research from Propertyfinder Group. According to the research, the most expensive area to buy an apartment is downtown Dubai …
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Posted on 16/01/2018

We Need Part-Timers and Students to Cut Costs: Restaurant Owners in Dubai

Dubai’s F&B business owners are getting that sour taste — and it’s not just the steep rents they fork out that’s causing it. So they are looking for some sweeteners that could help make things better for them. “The fact that we are only able to …
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Posted on 16/01/2018

Dubai’s Emirates to resume flights to Istanbul Sabiha Gokcen Airport

42 business class and 310 economy class seats. This will increase Emirates’ weekly flights to Istanbul to 16 with 6,500 seats. EK119 will leave Dubai at 10am and arrive in Istanbul at 1:45pm. Return flight EK120 will leave Istanbul at 3:45pm and arrive i …
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Posted on 16/01/2018

12 business lunch deals in Dubai for under Dhs100

Are you incredibly busy and important? Well, of course you are. But no matter how full your schedule, you should always find time for a lunch break. Fortunately, that doesn’t have to mean bringing stale sandwiches from home – or ordering Deliveroo to …
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Posted on 16/01/2018

Business Development Manager – FMCG – Dubai Jobs

A leading FMCG Group in UAE is looking for a Business Development Manager to plan, direct and implement sales strategies and programs to achieve sales objectives, increase market share and profitability of its premium brands and international range of …
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Posted on 16/01/2018

Dubai issues nearly 20,000 new licences in 2017

The Business Registration and Licencing (BRL) sector in Dubai Economy witnessed 288,878 transactions, including 19,877 new licences, during 2017, showing the activity recorded on the “Business Map” digital platform. The “Business Map” tracks BRL activity …
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Posted on 16/01/2018

Smart Dubai close to rolling out 20 blockchain-based services

leading to new opportunities for multi-party collaboration and eventually exciting new business models.” The Dubai Land Department, Dubai Municipality, Dewa and the Department of Naturalisation and Residency Dubai are among those running blockchain pilot …
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Posted on 15/01/2018

Dubai’s ENOC said to hold talks over IPO of retail unit

Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar with …
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Posted on 15/01/2018

UAE says Qatar fighter jets intercept flights; Doha denies

The UAE’s state-run WAM news agency made the claim on Monday, citing the country’s General Civil Aviation Authority. “The GCAA received a message from one of the UAE’s national carriers on Monday morning that one of its aircraft on a flight to Manama on a …
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Posted on 15/01/2018

UAE says Qatar fighter jet intercepts commercial flight

Doha declined to immediately comment, as did the UAE’s two major airlines. The claim came in a report on the state-run WAM news agency and follows two complaints by Qatar to the United Nations about Emirati military aircraft allegedly violating its …
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Posted on 15/01/2018

VAT launch seen boosting deals for Abu Dhabi property buyers

The introduction of VAT this month is expected to add further incentives to potential property buyers in Abu Dhabi in the form of more generous post-handover payment plans, according to a new report. Consultants JLL said that this is because the VAT …
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Posted on 15/01/2018

New UAE-based cryptocurrency exchange launched

Dubai-based blockchain start-up ArabianChain has launched … surge in valuation of cryptocurrencies like Bitcoin and the rapid evolution of blockchain technology,” said ArabianChain founder and CEO Mohammed Alsehli. “The regional market is ripe …
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Posted on 15/01/2018

Emaar shareholders to get $1bn windfall after unit IPO

“Already a flagship brand and a market leader in Dubai, our successful IPO demonstrates that regional and international investors are excited by our proven business model,” he said. “We are confident that this is just the beginning of a bright future …
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Posted on 15/01/2018

Cryptocurrency-focused hedge fund Alphabit picks AELF as digital currency for 2018

Alphabit, a global hedge fund investing in digital currencies … Alphabit CEO Liam Robertson said at a press conference in Dubai that ELF would deliver large scale commercial adoption of Blockchain technology and solve major transaction issues through …
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Posted on 15/01/2018

Revealed: where UAE investors are buying overseas property

Property remains the preferred investment asset by UAE residents for 2018, according to a new survey. The annual YouGov survey conducted by IP Global has confirmed that 40 percent of UAE residents are planning to invest in property in the UAE and 18 …
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Posted on 15/01/2018

Central Bank issues commemorative coin

The UAE Central Bank today announced the issuing of a commemorative silver coin on the occasion of the official opening of Oumolat Security Printing. The coin, with a face value of AED50, has the following specifications; diameter: 38.61 mm, weight …
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