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Month: May 2018

Posted on 19/05/2018

Damac nears completion of Dubai tower construction

offering an immediate move-in experience in one of Dubai’s most sought-after areas,” said Ali Sajwani, general manager of operations at Damac Properties. “We are looking forward to adding Tower 108 to our growing portfolio of completed towers that …
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Posted on 19/05/2018

DUBAI, United Arab Emirates | Detained Saudi women driving campaigners branded traitors

DUBAI, United Arab Emirates—Just weeks before Saudi Arabia … activists say several women’s rights campaigners were also banned from traveling abroad. Immediately after news of the arrests broke, pro-government Twitter accounts were branding the …
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Posted on 19/05/2018

UAE digital bank plans to expand in other regional markets.

Summary: Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations. The post UAE digital bank plans to expand in other regional markets appeared first on Tahawul Tech. Liv., the lifestyle digital …
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Posted on 19/05/2018

Sharjah seeks closer Dutch ties after trade mission

state news agency WAM reported. The visit organised by Invest in Sharjah – the investment promotion agency of the emirate – is a follow up to the business roundtable in February, where Sharjah hosted over 150 Dutch investors, it added. The delegation …
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Posted on 19/05/2018

Abu Dhabi property market forecast to remain subdued

Abu Dhabi’s real estate market softened further in the first three months of 2018, with sales prices and rents for both apartments and villas still in decline throughout the UAE capital, according to Chestertons. Its residential market overview for Abu …
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Posted on 19/05/2018

Dubai, Sub-Saharan Africa trade growing

It takes time but once it happens it give rapid pace to the growth,” he said. The bank has an office at the Dubai International Finance Centre, offering trade finance for companies engaged in trade between the Middle East, Africa and Asia. Simmonds said …
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Posted on 18/05/2018

UAE Space Agency holds MeznSat Preliminary Design Review

The UAE Space Agency, working in partnership with Khalifa University of Science and Technology and the American University of Ras al-Khaimah, AURAK, has reviewed the preliminary design of the MeznSat 3U CubeSat, which is being developed to monitor and …
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Posted on 18/05/2018

UAE President adopts law to promote charitable work

The initiative is based on the awqaf concept of sustainable charitable endowment. 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.
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Posted on 18/05/2018

IBPC in Dubai highlights efforts to strengthen UAE-India ties

The Indian Business and Professional Council, IBPC, in Dubai recently hosted a meeting in cooperation with the Dubai Chamber of Commerce and Industry, which commemorated the Year of Zayed, and highlighted the Council’s efforts to strengthen UAE-India …
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Posted on 18/05/2018

Kuwait’s Noor Financial to divest stake in Pakistan’s largest Islamic bank

Noor Financial Investment Company will divest a portion of its … 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.
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Posted on 17/05/2018

UAE Space Agency reviews design of MeznSat 3U CubeSat satellite

The UAE Space Agency, working in partnership with Khalifa University of Science and Technology and the American University of Ras al-Khaimah (AURAK) has reviewed the preliminary design of the MeznSat 3U CubeSat satellite. The project, which is being …
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Posted on 17/05/2018

UAE retailers, hotels slash prices during Ramadan to draw customers

the UAE’s shoppers flock to malls and supermarkets in Dubai. To their joy, major grocery chain operators have put the food and beverages on sale by up to 75 percent off, local newspaper Gulf News reported. Retailers and consumers were hit at the beginning …
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Posted on 17/05/2018

Exclusive: Dubai Aerospace in talks to place huge order for 400 jets

DUBAI (Reuters) – Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, is in talks to buy 400 jetliners from Airbus and Boeing and is prepared to expand its fleet through acquisition if talks fall through, its CEO told Reuters …
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Posted on 17/05/2018

UAE blocks access to some online gaming websites

UAE’s attorney general has issued an order to block a number of online gaming websites, including Roblox, My Friend Cayla, Blue Whale, Cloudpets, and Mariam. The move by Dr. Hamad Saif Al Shamsi, UAE Attorney-General, follows reports received by him on …
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Posted on 17/05/2018

Dubai expands experimental licence scheme for fintechs

Dubai Financial Services Authority (DFSA) has announced the expansion of its innovation licence programme for financial technology (fintech) firms. The programme, announced last May, allows qualifying companies to test new concepts within Dubai …
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Posted on 17/05/2018

Sharjah Holding unveils Uptown Al Zahia neighbourhood

Sharjah Holding, a JV between Majid Al Futtaim Properties and Sharjah Asset Management, has announced a new neighbourhood in Sharjah’s Al Zahia’s master planned development. Uptown Al Zahia is set to open in 2022 and is to be home to 700 families. The …
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Posted on 17/05/2018

Dubai Aerospace in talks with Airbus, Boeing over order for 400 jets

DUBAI (Reuters) – Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, is in talks to purchase 400 single aisle jets from Airbus (AIR.PA) and Boeing (BA.N), its chief executive said on Thursday. DAE, controlled by the government …
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