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Month: September 2018

Posted on 18/09/2018

Dubai allows 163 free zone firms to operate in mainland

and strengthen Dubai’s reputation for attracting investments, promoting entrepreneurship and facilitating business development. Nearly 34,780 free zone companies in Dubai are expected to benefit from …
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Posted on 18/09/2018

Dubai retail sector battles oversupply but prime occupancy stays firm

“Consumer and business sentiment is expected to improve visibly over 2018 due to the launch of several large infrastructure projects announced by Dubai Government and various policy initiatives aiming …
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Posted on 18/09/2018

Dubai Competitiveness Office Announces Digital Platform to Showcase Emirate’s Competitiveness Globally

“The launch of the digital platform is part of our strategy to promote business competitiveness and sustainable economic growth in Dubai,” said Hani Al Hamli, Secretary General, Dubai Competitiveness …
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Posted on 18/09/2018

Dubai bank Emirates NBD expands in Saudi

Dubai’s biggest lender Emirates NBD has opened … It offers retail, private, business and wholesale banking in all its branches along with corporate finance advisory, project and syndicated …
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Posted on 17/09/2018

Dubai company to launch first third-generation blockchain

The people behind Hetachain, Dubai-based Relam Investment owned by local entrepreneur Sultan Ali Rashed Lootah, claim it represents the third generation of blockchain technology; if Bitcoin was the fi…
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Posted on 17/09/2018

Fidu Properties opens second office in Dubai

Fidu Properties, a real estate brokerage company in the UAE has announced the opening of its second office in Dubai. The new office, located at Emaar Square, is part of the company’s expansion strateg…
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Posted on 17/09/2018

DEWA invites organisations to participate in the Dubai Solar Show

With the third Dubai Solar Show approaching, the DEWA is encouraging businesses to take part and develop their sustainable practices Through its participation in the Dubai Solar Show, DEWA will review …
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Posted on 17/09/2018

Azerbaijan can build solar power plants abroad

Azerbaijani entrepreneurs are interested in building solar power plants abroad, in particular in Georgia, Afghanistan and the UAE (Dubai). Deputy Chairman of the State Agency for Alternative and Renew…
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Posted on 17/09/2018

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was headin…
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Posted on 17/09/2018

Uber in talks to buy Dubai riding-hailing rival Careem: Bloomberg

(Reuters) – Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people …
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Posted on 17/09/2018

Is the UAE’s new five-year visa a game changer for expat retirement?

Financial advice for expatriates in the UAE has traditionally focused on investing offshore, to ensure pension pots are accessible in whatever country they choose to relocate to. A new plan announced …
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Posted on 17/09/2018

Why are certain personal UAE bank accounts frozen?

Read 2017 report reaffirms robust, resilient UAE banking industry Ultimately, professionals at Guardian Wealth Management, the world’s leading provider of international lifestyle financial planning, s…
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Posted on 17/09/2018

United Arab Emirates shares lower at close of trade; DFM General down 0.79%

Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Real Estate & Construction, Finance & Investment and Banking sectors propelled shares lower. At the cl…
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Posted on 17/09/2018

30 winners of Abu Dhabi Through Your Eyes competition

Speaking to Gulf News, Leena Obaid, 21 years old Saudi national … she described city of Abu Dhabi saying: “if you listen closely, this city will speak to you.” “I am living here since …
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Posted on 17/09/2018

Abu Dhabi approves $13.6bn development programme

development plan during a meeting with members of the Abu Dhabi Executive Committee, reported state news agency Wam. Around Dh20 billion ($5.4 billion) would be allocated to the 2019 development packa…
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Posted on 17/09/2018

Abu Dhabi to sell over 25 percent of Spain’s Cepsa

Madrid (AFP) – Abu Dhabi plans to float at least 25 percent of Spain’s Cepsa by the end of 2018, the energy company announced Monday, in what would be the largest listing in a decade on the Madrid sto…
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Posted on 17/09/2018

UAE’s commitment to renewable energy can enhance its global leadership role

… generated electricity set by projects in the Emirates “removing any remaining doubts that solar power can compete with fossil fuels and put the UAE front and centre in discussions of renewable ene…
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