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Month: February 2018

Posted on 14/02/2018

Dubai has proven to be one of world’s biggest sporting hubs: HE Saeed Hareb

DUBAI: The Dubai Tour cycling has developed into one of the premier sporting events in the city of Dubai, and while the UCI has been actively involved in this progress, there is another particular sporting body that deserves to be lauded, if not more, then …
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Posted on 14/02/2018

First Chinese Spring Festival parade in Dubai on Friday

Dubai: More than 1,000 Chinese expatriates in Dubai will usher in the Chinese New Year this Friday in the first and largest grand parade in the Middle East, showcasing their culture and traditions at City Walk. The Chinese New Year begins on Friday, as per …
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Posted on 14/02/2018

Etisalat profit edges up on growing UAE revenues

Higher revenues in its domestic market enabled UAE-based telecommunications operator Etisalat to report a slightly higher profit on Tuesday. Etisalat said UAE revenues rose by 5.5 percent due to strong data services and use of broadband solutions …
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Posted on 14/02/2018

Heads of State, Ministers to Converge on Dubai for Global Business Forum on Latin America 2018

DUBAI, United Arab Emirates–(BUSINESS WIRE)–The second Global Business Forum on Latin America is set to welcome current and former heads of state, ministers, and decision makers who will gather in Dubai on February 27 th-28 th 2018 to explore trade and …
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Posted on 14/02/2018

Dubai property firm Damac Q4 profit plunges 47%

Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came as Dubai, its core property …
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Posted on 14/02/2018

Fresh twist for UAE diners as oysters thrive in warm waters

FUJAIRAH, United Arab Emirates – The waters of the Persian Gulf have long been home to pearl oysters, providing a valuable mainstay to the Arab tribes that subsisted off its trade before the discovery of oil pumped new life into the Arabian Peninsula.
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Posted on 14/02/2018

Dubai property firm DAMAC Q4 profit plunges 47 pct

DUBAI, Feb 14 (Reuters) – Dubai’s DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 percent drop in fourth-quarter profit, while full year profit dropped by 25 percent. The results came …
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Posted on 14/02/2018

Dubai property firm Damac sees Q4 profit dip 47%

Dubai’s Damac Properties , the owner and operator of the only Trump-branded golf club in the Middle East, posted a nearly 47 per cent drop in fourth-quarter profit, while full year profit dropped by 25 per cent. The results came as Dubai, its core …
( read original story …)


Posted on 14/02/2018

Dubai finds solution to bitcoin hacking – the most protected vault in the world

The regulator of Abu Dhabi’s international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies such as bitcoin to develop.
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Posted on 14/02/2018

Indian News Channels Run Fake Video On Abu Dhabi Crown Prince Chanting ‘Jai Siya Ram’ During Modi Visit

A video, claiming to show Crown Prince of Abu Dhabi Mohamed bin Zayed al Nahyan chanting ‘Jay Siya Ram’ during Indian Prime Minister Narendra Modi’s visit to Abu Dhabi, was shared by mainstream Indian media houses, ahead of the PM’s visit. The video, as …
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Posted on 13/02/2018

Dubai aims to outpace other cities in 10 years

Dubai: Dubai’s government entities aim to outpace other cities in services and technology by 10 years through the ‘10X 2.0’ initiative, launched on Monday at the World Government Summit (WGS) in Dubai. The initiative was launched by Shaikh Hamdan Bin …
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Posted on 13/02/2018

Dubai’s RTA launches $5m challenge for self-driving cars

They will be pre-qualified based on status, credibility, future vision, skills and relevant expertise of the entity and then tested for technical ability and experience, the business case and relevance to Dubai and the UAE and operation and service.
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Posted on 13/02/2018

Dubai hotel rates boosted by returning Russian visitors

We’ve seen it last year in Dubai, where micro markets developed differently. The beach hotels were doing really well, and there was revenue increase year-on-year, whereas Downtown was a bit more subdued,” he said. Subscribe to Arabian Business …
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Posted on 13/02/2018

Dubai exchange explores options as India stops licensing securities abroad

The Dubai Gold and Commodities Exchange (DGCX … and India-related contracts have been a major reason for growth in the DGCX’s business over recent months. The exchange reported earlier that last month was its best January ever for trading volumes …
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Posted on 13/02/2018

Dubai’s Shuaa plans Egypt expansion as economy recovers

has said it plans to expand its capital markets business in the Middle East following a return to profit for the investment bank. Shuaa Capital is assessing potential acquisitions in Egypt’s financial services industry as the Dubai-based firm seeks to …
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Posted on 13/02/2018

DEWA wants more companies to step up to solar

No more than 20 people attended what could well have been mistaken for a routine affair, but the presence of the CEO of Dubai Electricity and Water Authority (DEWA) at the opening of Al Rawdah’s solar facilities was evidence that this was no ordinary …
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Posted on 13/02/2018

Sharjah as Guest of Honour at New Delhi World Book Fair 2019

Sharjah’s efforts in promoting literature, the arts, intercultural appreciation, reading and knowledge sharing in the region and beyond have been recognised as the ‘Guest of Honour’ at the 2019 New Delhi World Book Fair, NDWBF. Sharjah will be …
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