Dubai developer Nakheel and Spain’s RIU Hotels and Resorts have awarded a Dhs385m ($104.8m) construction contract for their upcoming beachfront resort and water park on Deira islands. The project, comprising an 800-room mid-scale beachfront resort and …
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Dubai Duty Free returns to sales growth in 2017
“We are pleased to announce such a positive year with 2017 marking our 34th year of business,” said executive vice chairman and CEO Colm McLoughlin. “The entire team at Dubai Duty Free has worked hard to provide passengers with a first class shopping …
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Some gold shops in Dubai absorb 5% VAT
Dubai: Effective January 1 this year, buyers of gold and diamond jewellery in the UAE are supposed to pay a 5 per cent value-added tax (VAT), but it looks like some of them won’t have to pay for the extra charge. A few retailers in the country have …
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Trakhees Makes It Easier for Its Customers by Integrating With Dubai Islamic Bank
Following the government trend in adopting smart technological transformations using advanced technologies to lessen the number of physical applicants and Customer Visits, Department of Planning and Development – Trakhees, the Regulatory arm of Ports …
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Partial Dubai Metro closure until mid-2019
Dubai: The Roads and Transport Authority (RTA) in Dubai on Wednesday announced the closure of the Metro Red Line between Jumeirah Lakes Towers (JLT) and Ibn Battuta Stations. A shuttle service will start from Friday, January 5, 2018 and will continue up to …
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Gulf Navigation announces plans to raise $122m through IPO
The IPO is expected to be launched in the first quarter of 2018 … 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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UAE’s ad industry must see off another difficult year
“Any marcom firm in the UAE that is able to offer a combined set of services … “If you do the numbers, everybody believes you know your business. And if you don’t, everybody thinks they know your business better than you do.
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Get ready for UAE temperature to fall further
Dubai: The weather on Wednesday has started cooling down, and residents can look forward to slightly chillier days ahead over the weekend. The UAE can expect lows of 11-18 degrees Celsius in coastal areas, between nine and 16 degrees Celsius in internal …
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Jafza welcomes first solar PV panel plant
Dubai’s Jebel Ali Free Zone (Jafza) has welcomed Maysun Solar, the first photovoltaic panel producer to set up a manufacturing facility in the region’s leading free zone. Maysun Solar will manufacture 5,000 solar panels a month with a capacity to …
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Female bicycle responder service launched in Dubai
Dubai: Female cycle responders will now be deployed to cater to emergency cases involving women and children in Dubai’s busiest areas, the Dubai Corporation for Ambulance Services (DCAS) announced. The emergency bicycles, which will cover crowded areas …
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Pictures: Google co-founder Brin visits Dubai
The co-founder of internet giant Google has been pictured in Dubai by the emirate’s media office. Sergey Brin, who is president of Google’s parent company Alphabet Inc, was shown speaking to Dubai Crown Prince His Highness Sheikh Hamdan bin Mohammed …
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Dubai Customs launches initiative to mark Year of Zayed
Dubai: Dubai Customs kicked off Year of Zayed 2018 with the launch of a new humanitarian initiative that aims to support minors. The initiative, which was launched on Tuesday by signing an agreement with the Awqaf and Minors Affairs Foundation, seeks to …
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Dubai renters started to buy in 2017
Statistics from Propertyfinder Group suggest Dubai residents moved from renting to buying last year The last 12 months have Dubai residents switch their rental contracts for mortgages, according to a new report from Propertyfinder Group. The last 12 months …
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Saudi construction giant plans IPO to sell 30% of subsidiary
Saudi builder Dar Al Arkan Real Estate Development Company has announced plans to sell 30 percent of a subsidiary in an initial public offering (IPO). The company said in … expand to global markets, selecting Dubai as the launchpad with an AED800 million …
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UAE Ministry of Finance Approves First Purchase Invoice With VAT
Following its commitment to the UAE’s various government finance procedures, laws and regulations; the Ministry of Finance (MoF) has today issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system.
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Mashreq Bank Receives Nine Awards From Global Finance in London
Mashreq Bank, the UAE’s leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The dinner hosted at the RSA House in London saw Mashreq win …
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UAE bourses start new year on a strong note
Emaar Properties and Dubai Islamic Bank helped the Dubai index push higher by more than 1 per cent on the first trading day of 2018 after the index shed more than 4 per cent last year amid sluggish volumes. The Dubai Financial Market General Index closed 1 …
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