who died of cardiac arrest in Dubai on Sunday night. She was 34. The news of her sudden death in the UAE, where she has been living for many years, came as a shock to her fans and many celebrities in the Arab world. Al Dahmani, who was also a renowned TV …
( read original story …)
Dubai Property Developer Plunges as Shareholders Cut Dividend
Damac Properties Dubai Co. tumbled after its shareholders approved a lower dividend than what its board recommended for 2017. Shareholders at the real-estate developer approved a payout of 15 fils per share compared with the board’s recommendation of 25 …
( read original story …)
UAE Exchange, Travelex owner prepares for London IPO
The holding company Finablr will be incorporated in Britain, subject to regulatory approval, and will become the umbrella for United Arab Emirates-based business tycoon Bavaguthu Raghuram Shetty’s financial service brands. Shetty, UAE Exchange’s …
( read original story …)
UAE’s Rotana eyes expansion in Saudi Arabia, Africa
UAE-based Rotana considers Africa one of its main priority target markets outside the emirates, alongside Saudi Arabia, according to Rotana CEO Omar Kaddouri. Speaking to Arabian Business at the Arabian Travel Market in Dubai, Kaddouri noted that the …
( read original story …)
France’s Accor to open two MGallery hotels in Dubai
MGallery Business Bay, adjacent to the upcoming Marasi development, will have 144 rooms and occupy the same building as a Mama Shelter hotel previously announced by Accor last April. Read: Accor brings Mama Shelter hotel brand to Dubai It will have four …
( read original story …)
Qatar denies UAE, Bahrain allegation over military jets
and in a flying route close to that of the UAE civil aircraft.” Qatar said its jets’ mission “was known.” Bahrain’s state-run news agency early Monday identified the flight Sunday as going from Dammam, Saudi Arabia, to Abu Dhabi. Only Abu Dhabi-based …
( read original story …)
Warning: Fake real estate ads in UAE
Dubai: Before replying to that ad from your mobile phone about … which can even include eavesdropping, copying photos or publishing news, can be jailed for six months and face fines of between Dh150,000 and Dh300,000, according to the state news agency …
( read original story …)
UAE accuses Qatar fighters of flying near passenger jet
The UAE’s General Civil Aviation Authority said the alleged incident happened Sunday morning with a flight carrying 86 passengers. It said the fighters flew “less than 700 feet (210 metres)” from the Emirati plane. Bahrain’s state-run news agency early …
( read original story …)
Qatar denies its military planes intercepted UAE civilian aircraft
Qatar denied on Monday that its military planes had intercepted a civilian aircraft from the United Arab Emirates the day before, states news agency QNA reported, saying a UAE military plane had violated its air space at the time. The UAE had said a plane …
( read original story …)
Dubai’s Lisa Scott-Lee on Steps and dream reunions
In 5, 6, 7, 8, pop act Steps will arrive in the UAE. But first, ahead of their April 27 gig at Dubai Opera, founding member Lisa Scott-Lee tells Gulf News tabloid! what it was like to reunite with her band mates after a two-decade split — and what their …
( read original story …)
UAE says Qatari fighter jets intercepted civilian plane
UAE state news agency WAM reported. Quoting its civil aviation authority, the agency said the UAE civilian craft had to take evasive maneuvers to avoid a collision. It did not name the airliner involved. Both countries have accused each other of a series …
( read original story …)
UAE says Qatari fighter jets flew ‘dangerously close’ to civilian aircraft
the UAE General Civil Aviation Authority announced. News agency WAM reported that the aircraft, with 86 passengers on board on the scheduled flight, was flying over Bahraini airspace at 12pm today (Sunday) when the fighter jets approached it “in a …
( read original story …)
Somalia warns Dubai Ports World against violating its sovereignty
Somalia’s foreign minister said Dubai state-owned port operator DP World should reconsider … to be a state independent from Somalia,” Ahmed Isse Awad, told Reuters news agency on Friday. Awad said DP World’s agreement to develop an economic zone and …
( read original story …)
Owner of Travelex, UAE Exchange prepares for potential London IPO
DUBAI, April 23 (Reuters) – Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will …
( read original story …)
No rush to IPO, says Emaar Hospitality CEO
Emaar Hospitality Group is in no rush to list its business on the stock exchange, the company’s CEO Olivier Harnisch told a packed audience on the opening day of the Arabian Travel Market in Dubai. “Some of Emaar’s other units have gone on to IPO.
( read original story …)
Hedge-fund investors pour into oil as firms predict surge to $80
Hedge funds investing in oil are luring capital at the fastest pace … 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.
( read original story …)
Dubai’s New Mortgage Law to Bring More Flexibility, Financing Options
Another target of the law would be create “alternative financing methods” over and above what is offered via direct bank finance. These proposals and the follow-through will be the responsibility of the Dubai Land Department. It follows a set of …
( read original story …)