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Month: September 2018

Posted on 27/09/2018

Dubai property prices, rents continue to fall in Q3

Dubai villa and apartment rental rates maintained a downward trajectory during the third quarter of 2018, reflecting a trend observed over the past quarters, a new report by Asteco has revealed. Rents …
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Posted on 27/09/2018

Don’t fall for these fake Dubai job ads on social media

They also posted job vacancies for Citymax Hotel Bur Dubai and Dubai Airports, among others. Gulf News also received confirmation from Dubai Airport that the job postings were not authorised by them.
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Posted on 27/09/2018

Joint ventures can be a win-win in Dubai’s real estate

In anticipation of the World Expo 2020 and as part of the broader UAE vision 2021, the Dubai real estate market has experienced an increase in the use of joint venture arrangements between foreign …
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Posted on 27/09/2018

Dove-eating Grey Heron one for UAE record books

Dubai: For the first time in the UAE … “It is a very unusual thing,” Dr Khan told Gulf News on Wednesday. “I’ve never seen this before in this country. I couldn’t believe my eyes.”
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Posted on 27/09/2018

The How-To: Financial Literacy Education For Employees

The employee perspective According to Willis Towers Watson’s 2017 Global Benefits Attitudes Survey on Financial Wellbeing in the United Arab Emirates (UAE), overall employee financial wellbeing has fa…
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Posted on 27/09/2018

Big majority of finance firms ‘plan fintech tie-ups’

Eighty-two per cent of financial services companies plan to increase fintech partnerships in the coming three to five years, with an expectation of 20 per cent ROI on their innovation projects, said t…
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Posted on 27/09/2018

This Investor Was the Star of Dubai. Now It Can’t Make Rent

Dubai International Financial Centre told Abraaj to vacate its main office in the financial freezone by the end of the month, the people said, asking not to be identified as the information is private …
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Posted on 27/09/2018

UAE forges ahead with integrated blockchain payment platform

The Dubai Department of Finance controls the transactions on DubaiPay and is looking to enhance efficiency by transferring all transactions onto the blockchain. Rahman added that “There is no real …
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Posted on 27/09/2018

Dubai Finance Dept. Upgrades Payment System With Blockchain

The Dubai Department of Finance or DoF joined with the Smart Dubai Office or SDO for a Blockchain-powered upgrade to its financial system. The new platform, called “Payment Reconciliation and Settleme…
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Posted on 27/09/2018

UAE may see 100% growth in sukuk

Mohamed Damak, senior director and global head of Islamic finance, financial institutions ratings, S&P Global, said the number of UAE sukuk issuances had reached $6.4 billion so far this year as compa…
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Posted on 27/09/2018

DIFC Courts reinforce multibillion-dirham UAE-India bilateral trade

Dubai International Financial Centre (DIFC) Courts has brought additional certainty to UAE-India commerce with the signing a Guidance Note with Nishith Desai Associates, covering enforcement of civil …
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Posted on 27/09/2018

Abraaj is said to close Dubai Financial HQ after missing rent

Abraaj, once one of the most influential emerging-market investors, plans to vacate its headquarters in Dubai’s business hub after the embattled buyout firm failed to pay rent, people with the knowled…
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Posted on 27/09/2018

Brand new Karama, Dubai, emerges from low-cost expat haven

Dubai: Residents of Karama are bracing for a … is being widened. Atiq Ur Rehman/Gulf News Mohammad Sajjad, a longtime resident of Pioneer Building, one of the last remaining old residential …
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Posted on 26/09/2018

UAE- Mastercard becomes Expo 2020’s official payment technology partner

(MENAFN – Khaleej Times) Expo 2020 Dubai’s unique visitor experience will be enhanced, thanks to a new partnership with Mastercard that includes exploring the use of payment technologies from …
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Posted on 26/09/2018

Dubai enables investors to start businesses from remote locations

Dubai: Investors globally will now be able to start their business in Dubai without having to be in the UAE, following an agreement between Dubai Investment Development Agency (Dubai FDI), an …
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Posted on 26/09/2018

Banking on the future

Is this the end of branch banking as we know it? There are few better places in Dubai to contemplate such questions than Abdul Aziz Al Ghurair’s inconspicuous teak-panelled 6th floor office at …
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Posted on 26/09/2018

Dubai allows global investors to start business remotely

Dubai Investment Development Agency (Dubai FDI) and the US-based Alliance Business Centres Network (ABCN) have partnered in a global-first move to enable investors globally to start their business in …
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