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Month: July 2018

Posted on 18/07/2018

UAE Tops List of 84 Most Complex Countries for Compliance; Ireland Is Simplest

Besides the UAE, Qatar, China, Argentina and Malaysia were ranked in … Brazil and Uruguay. “As the global push for financial transparency continues, international firms face an increasingly complex …
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Posted on 18/07/2018

Dubai to receive ‘region’s largest Chinatown’

Dubai: Dubai-based developer Emaar will build a Chinatown within the retail district of Dubai Creek Harbour, it said Wednesday. In a statement, Emaar said it would be the region’s largest such Chinese …
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Posted on 18/07/2018

Sharjah tourism unveils great deals for summer

Dubai: The Sharjah tourism sector is offering exclusive promotional deals during the ongoing, spectacular Sharjah Summer Festival. The festival, which is organised by the Sharjah Commerce and Tourism …
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Posted on 18/07/2018

2018 Report: Prices falling in most areas of Abu Dhabi

The cost of renting and buying property in Abu Dhabi has decreased overall from H2 2017 to H1 2018, as per Bayut.com’s H1 2018 market report for Abu Dhabi. -Average apartment rental prices fell, but p…
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Posted on 18/07/2018

Dubai Police visited Dahua Technology HQ in a bid to enhance city’s security

In early July, a distinguished group of Dubai police officials visited the Dahua headquarters in Hangzhou. Representing Dubai police, Colonel Essa Ahmad Salem Ahmad Alobeidli met with James Wang, CTO, …
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Posted on 18/07/2018

Now You Can Start a Business in Dubai Mainland for 30,000 AED

For a person looking to turn a groundbreaking idea into a profitable organization, every penny counts towards breaking even! There are many factors that contribute to a business setup, but the initial …
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Posted on 18/07/2018

Hedge Fund York Capital Joins Race for Abraaj Assets

York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to …
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Posted on 18/07/2018

Revealed: Best airlines in the world for 2018

Also high ratings (4.5 stars) were given to Emirates’ priority baggage service in Dubai; seat availability and comfort, quality of food served, choice of beverages, WiFi service, access to power/ char…
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Posted on 18/07/2018

Finding Pia Wurtzbach’s male counterpart in UAE

Dubai: A Science teacher, a barista and three sales executives. What do they have in common? They were among the early birds who showed up for the screening of Filipino male pageant Man of the Philipp…
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Posted on 18/07/2018

Dubai Islamic Bank Group 1st Half 2018 Financial Results

Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first half results for the period ending June 30, 2018. …
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Posted on 18/07/2018

New Dubai Salik gate starts on October 24

Dubai: A new Salik toll gate will open on Shaikh Zayed road from October 24, the Roads and Transport Authority announced on Wednesday. The Salik gate, third on Shaikh Zayed road and seventh overall, w…
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Posted on 18/07/2018

Abu Dhabi firm enters new offer for Abraaj unit

A unit of Abu Dhabi Financial Group has made a fresh offer for the rights to manage Abraaj Group’s funds, challenging a bid from Cerberus Capital Management, according to people familiar with the matt…
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Posted on 17/07/2018

Indian man found dead in UAE

DUBAI: An Indian man working with a bank in UAE has been found … He never had problem with anyone. I came to know about the news through social workers and identified the body. I have lost my brothe…
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Posted on 17/07/2018

Suspicious husband caught wearing woman’s dress at Dubai Metro station to spy on wife

Dubai: A man who suspected that his wife was cheating on him got himself an abaya to spy on her. The 37-year-old Indian husband was said to have overheard his countrywoman wife setting a date to meet …
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Posted on 17/07/2018

Abu Dhabi Firm Challenges Cerberus Bid for Abraaj Unit

A unit of Abu Dhabi Financial Group has made a fresh offer for the rights to manage Abraaj Group’s funds, challenging a bid from Cerberus Capital Management LP, according to people familiar with the m…
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Posted on 17/07/2018

Abu Dhabi Firm Is Said to Challenge Cerberus Bid for Abraaj Unit

A unit of Abu Dhabi Financial Group has made a fresh offer for the rights to manage Abraaj Group’s funds, challenging a bid from Cerberus Capital Management LP, according to people familiar with the m…
( read original story …)


Posted on 17/07/2018

Dubai’s Emaar to sell $1.4bn of assets – report

which is about 30 per cent owned by the Dubai government told the FT in a statement that it was regularly considering finance options to streamline its business. Sources told the publication that amon…
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