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Month: April 2018

Posted on 08/04/2018

Dubai Culture Successfully Concludes Eighth Edition of ‘Live our Heritage’ Festival

Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, has successfully concluded the eighth edition of its ‘Live our Heritage Festival’, which was held at Global Village under ‘An Eye on …
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Posted on 08/04/2018

DED: March Sees a Surge in Business Registration and Licensing in Dubai

The Department of Economic Development (DED) in Dubai witnessed business registration and licensing activity maintaining an upward momentum during the month of March 2018, reaffirming the emirate’s position as a preferred place for business startup and …
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Posted on 08/04/2018

UAE-backed forces deployed in Yemen province

UAE-backed Yemeni security units such as the Security Belt … Jawf and Marib’s Serwah region. The state-run Saba news agency said Saudi-led coalition fighter jets carried out 25 air sorties against Al Houthi targets in Qanea and Hauran regions on …
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Posted on 08/04/2018

UAE’s Kanoo Group open to IPO and divestment of assets in future

The Kanoo Group, one of the UAE’s largest family conglomerates, may opt to sell shares in some of its units in the future and is currently sifting through its assets, an exercise that may lead to divestments as early as this year, the company’s …
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Posted on 08/04/2018

Church praises UAE’s moderate approach

Abu Dhabi — The Coptic Orthodox Church in Abu Dhabi hailed the UAE’s moderate approach and its work to consolidate principles of tolerance, brotherliness and peaceful coexistence between different religions. The statement was made on Saturday during a …
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Posted on 08/04/2018

Emaar to waive registration fees during Dubai Property Festival

Emaar Properties will waive property registration fees for all residential and commercial sales during the upcoming Dubai Property Festival, the company announced on Sunday. Additionally, Emaar will offer special payment plans for a number of its …
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Posted on 08/04/2018

Dubai cryptocurrency firm denies Alibaba trademark infringement

DUBAI (Reuters) – A Dubai-based cryptocurrency company called Alibabacoin Foundation has rebuffed allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding (BABA.N) in a U.S. lawsuit last week. A …
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Posted on 08/04/2018

United Arab Emirates shares lower at close of trade; DFM General down 0.40%

Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Consumer Staples, Real Estate & Construction and Insurance sectors propelled shares lower. At the close in Dubai, the DFM General fell 0.40% to hit a new 52 …
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Posted on 08/04/2018

Bloom Properties Announces Timely Handover of Faya Phase Four of Bloom Gardens in Abu Dhabi

Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has announced the handover of Faya, the fourth phase of its prestigious Bloom Gardens master planned community. Sameh Muhtadi, CEO of …
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Posted on 08/04/2018

Dubai’s prime property prices are more affordable than its global peers

Dubai’s prime residential property prices have been softening, which made the emirate more economical than most of its peers around the world. However, analysts believe the prices are projected to rise, thanks to significantly lower buying costs for real …
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Posted on 08/04/2018

Dh60m Bulgari home is Dubai’s priciest deal for Q1-18

Dubai: A 14,331 square feet Bulgari Resorts and Residences apartment in Dubai sold for Dh60 million was easily the priciest deal in Dubai’s freehold market during Q1-18. Bulgari Resorts Dubai is located on the seahorse-shaped Jumeira Bay Island, a mixed …
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Posted on 08/04/2018

Dubai’s RTA awards $126.6m bus contract

The new buses include features such as low floor access for disabled passengers, “high-end interior finishing”, “roomy seats” and child-designated seating, Wi-Fi services and USB charging ports. Read: Dubai’s RTA launches free wifi on buses to …
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Posted on 08/04/2018

Taxpayer-funded security costs for Trump sons’ trip to Dubai topped $70,000: report

Eric and Donald Trump Jr. Donald (Don) John Trump PETA calling for Trump Jr.’s deportation in billboard campaign Trump’s two eldest sons head to Dubai for business partner’s wedding Trump Jr. attacks YouTube, PETA after shooting MORE traveled to Dubai this …
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Posted on 08/04/2018

A Dh60m Bulgari home is Dubai’s priciest deal for Q1-18

Dubai: A 14,331 square feet Bulgari Resorts and Residences apartment in Dubai sold for Dh60 million was easily the priciest deal in Dubai’s freehold market during Q1-18. Bulgari Resorts Dubai is located on the seahorse-shaped Jumeira Bay Island, a mixed …
( read original story …)


Posted on 08/04/2018

Trump sons’ trip to Dubai costs taxpayers at least $73,000

The trip is for the family business and not related to any government work. Secret Service spokesperson Mason Brayman emailed CBS News in response to a request for comment on the trip: “The Secret Service is conducting a protective operation in the UAE.
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Posted on 08/04/2018

UAE free zone exports exceed $61bn in 2017

There are 37 free zones operating in the UAE that leverage the country’s positioning as a key regional trade and financial hub. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC …
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Posted on 08/04/2018

Sell-on clause settles nerves in Dubai real estate

DUBAI — One of the UAE’s biggest real estate brokerages has introduced a new initiative to settle the nerves of anxious sellers and buyers in the Dubai property market. The All Weather transactional structure launched by fäm Properties eases the …
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