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Month: April 2018

Posted on 02/04/2018

Dubai Properties announces Mudon townhouses’ completion

UAE-based developer Dubai Properties has announced the on-time completion of the townhouses in Mudon’s Arabella in Dubailand. Launched in May 2015, Mudon’s Arabella is a highly sought-after neighbourhood, situated amidst lush greenery and bright open …
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Posted on 02/04/2018

Dubai Properties announces on-time completion of Mudon’s Arabella townhouses

Dubai Properties has announced the on-time completion of Mudon’s Arabella, located in Dubailand, with the developer launching an initiative called the Handover Gallery which is designed to ease the moving in process for new residents. First announced in …
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Posted on 02/04/2018

No such thing as quick money in UAE’s F&B business

Dubai: For anyone thinking of putting up money in the restaurant business in Dubai and expecting to see returns in three years, Phil Broad has a short reply — forget it. “These people are living in Utopia if they believe in three-year returns,” said …
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Posted on 02/04/2018

Abu Dhabi University Hosts First fib – WICE Forum

Abu Dhabi University (ADU), an internationally recognized academic institution for quality education and applied research, in collaboration with Society of Engineers hosted the first edition of Fib-Women in Civil Engineering Forum (WICE). Organized by the …
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Posted on 02/04/2018

UAE consumer electronics market to grow 7.7% to Dh14b

Dubai: The total consumer electronics market in the UAE is expected to grow by 7.7 per cent to Dh14 billion this year, compared to Dh13 billion last year, according to estimates by research firm Euromonitor International. The growth is mainly coming in …
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Posted on 02/04/2018

UAE’s banking customer satisfaction level surges to a new high

Dubai: Customer satisfaction among customers of UAE banks surged to a new high in 2017, with 93 per cent of retail banking customers indicating they are satisfied with the performance of their main bank, according to the UAE Banks Federation (UBF) Trust …
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Posted on 02/04/2018

Trust in UAE Banking Sector Remains High at 68%

Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of their main bank The UAE Banks Federation (UBF) has unveiled the results of its 2017 Trust Index annual …
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Posted on 02/04/2018

More UAE consumers now pay with credit, debit cards instead of cash

Dubai: For many people in the UAE … For one, there will be less time spent on banking, as well as on transactions at the shops. And what’s more, there will be less incidence of cash-related crime. “Consumers across 100 cities could achieve nearly …
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Posted on 02/04/2018

UAE banks may hike fees to offset additional VAT costs

“We believe it quite probable that banks will eventually be forced to increase prices to their customers to maintain their current profitability,” Clare McCol, partner, head of Indirect Tax at KPMG, wrote in ‘UAE banking perspectives 2018’, report.
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Posted on 02/04/2018

Trust in banking UAE sector remains high at 68 per cent

The results of this year, which provide a comprehensive overview of consumer confidence, showed that trust levels remain high, with 68 per cent of respondents stating their trust in the banking sector. In addition, 93 per cent of UAE retail banking …
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Posted on 02/04/2018

UAE regulator orders money exchange houses to raise standards

Money exchange houses in the United Arab Emirates have been ordered by the central bank to raise their standards, after several banks cut ties with them due to concerns about the risk of illicit financial flows. The UAE’s huge expatriate workforce and …
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Posted on 02/04/2018

UAE attracts $10.3 billion FDI in 2017

according to the UAE Central Bank. The forthcoming Annual Investment Meeting will focus on accelerating FDI flows across the world and explore new ways to boost investment and trade,” said Dawood Al Shezawi, the CEO of AIM. A recent report by Bank …
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Posted on 02/04/2018

Dubai’s Damac to hire Barclays, HSBC for possible sukuk – sources

Damac Properties hired banks including Barclays and HSBC Bank for a possible sale of US dollar-denominated Islamic bonds, according to people familiar with the matter. The second-largest listed real estate developer in Dubai is expected to hire more banks …
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Posted on 02/04/2018

Dubai Properties begins handover of Mudon’s Arabella townhouses

Dubai Properties has announced the on-time completion of its Mudon’s Arabella townhouses, located in Dubailand. In a statement, the developer said that it has set up the Handover Gallery to welcome residents and ensure a seamless move-in process.
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Posted on 02/04/2018

Sharjah Islamic Bank hires HSBC, StanChart for benchmark dollar sukuk -sources

DUBAI (Reuters) – Sharjah Islamic Bank SIB.AD has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said. The Islamic bonds will be of benchmark size, which normally means …
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Posted on 02/04/2018

City Centre Sharjah Transforms With Contemporary Design, More Dining Options and 22 New Stores

Majid Al Futtaim—the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia—unveils today a vibrant and holistic shopping experience at City Centre Sharjah with the opening of its extension, which boasts …
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Posted on 02/04/2018

Kingsgate Hotel Abu Dhabi By Millennium Celebrates 10th Anniversary

Kingsgate Hotel Abu Dhabi, part of Millennium Hotels and Resorts, marked its 10th year in the hospitality industry with a continued commitment to providing comfort, service, and efficiency to corporate and leisure travelers looking for convenient and …
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