Dubai Investments, a leading diversified investment company, has announced that its subsidiary Al Mal Capital, a prominent financial institution, will be the lead manager for the initial public offering (IPO) of its wholly-owned subsidiary Emirates …
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Aldar Properties offplan sales hit $952m in 2017
Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said it has delivered a robust performance across its two business pillars in 2017. Announcing the results for the full-year 2017, Aldar stated that its underlying gross profit had surged …
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Abu Dhabi developer Aldar reports 28.5% fall in 2017 net profit
DUBAI: Abu Dhabi developer Aldar on Wednesday reported a 28.5 percent fall in its annual net profit for 2017, impacted by a 3 percent value adjustment to its asset management portfolio as well as weaker property prices. Net profit attributable to …
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Sharjah cricket stadium gears up for PSL 2018
Sharjah, United Arab Emirates: The third Pakistan Super League takes off February 22 with the new sixth team, Multan Sultans, mentored by former national skipper Wasim Akram adding further zest to the format. The other five teams are the Peshawar Zalmis …
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No plans to invest in Bitcoin or any other cryptocurrency: UAE Exchange CEO
UAE Exchange CEO Promoth Manghat says cryptocurrencies aren … for the SWIFT messaging system that banks and exchange houses currently use to communicate financial transactions. “The Ripple network has a simple proposition: instant messaging.
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Sharjah flight from Amritsar
Till February 26, the flight IX 181 (Amritsar-Sharjah) will depart from Amritsar at 8 pm (local time) and reach Sharjah at 9.55 pm (Sharjah time). The return flight IX 182 will take off from Sharjah at 2.15 pm and arrive in Amritsar at 7 pm (local time).
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Experts: New UAE rule on ‘Good Conduct and Behaviour’ Certificate means employers must be diligent
CRI Group urges all UAE organisations to implement thorough background screening … CRI Group safeguards businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking …
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Massive 55% tax coming to the UAE
Good news for the UAE: No value-added tax (VAT) increases for upcoming 5 years. UAE Minister of State for Financial Affairs Obaid Al Tayer said at the Arab Fiscal Forum the government has no plans to raise the rate of VAT or excise tax in the near future.
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The World is BACK! Multi-billion pound archipelago of ‘countries’ in Dubai with artificial celebrity-owned fantasy islands is resurrected ten years after the vision was …
A multi-billion pound vision for an archipelago of ‘countries’ in Dubai with artificial, celebrity-owned fantasy islands has been resurrected – ten years after it was abandoned due to the financial crash. The World, a 300-island chain laid out in the shape …
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Dubai Financial Market : DFM-listed firms fully-comply with disclosure requirements
Companies that missed the deadline have been reported to the SCA A total of 50 Emirati companies listed on the DFM have disclosed their preliminary results, while 11 listed foreign firms have posted their results, out of a total of 15, the Dubai-based …
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Dubai on course to outstrip pricey London’s record for building apartments
told Arab News. “The issue we have in Dubai is there are 80,000 units due to complete in the next three years — but the vast majority of that stock is geared to the luxury end of the spectrum, which means we might have a mismatch between demand and …
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2018 Abu Dhabi Tour preview
Variety is the byword for the fourth edition of the Abu Dhabi Tour. Now extended to five days in length, the route is a mixed one, with opportunities for sprinters, climbers and – a novelty for 2018 – time triallists. The Abu Dhabi peloton, meanwhile …
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Saudi Arabia’s central bank signs blockchain deal with Ripple
DUBAI (Reuters) – Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators begin to explore new forms of financial technology. The pilot program is the …
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Mashreq Bank deploys AI solution
UAE’s Mashreq Bank has partnered with Blue Prism to increase productivity, improve customer experiences and deliver new services through an integrated AI solution. The Digital Workforce platform will automate dozens of the bank’s processes across …
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Dubai Marina, Discovery Gardens most popular areas to rent apartments
Dubai Marina, Discovery Gardens, International City, Dubai Silicon Oasis and Jumeirah Lake Towers remained the most popular places to rent apartments in Dubai in January 2018, according to a new market report from Bayut.com. According to the report …
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Stars return to Sharjah
The stars of the Staysure Tour are set to make their return for the second edition of the Sharjah Golf Masters presented by Shurooq at Sharjah Golf and Shooting Club from March 8-10. After the success of last year’s tournament, the first event on the …
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UAE property market has slowed due to maturity
The UAE’s property market will continue to see an average softening of prices and rental rates in 2018, though experts believe this will bring the Emirates more in line with global norms. With investors become more willing to accept lower yields, and …
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