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Month: January 2019

Posted on 22/01/2019

Review: Emirates business class lounge, Dubai Concourse C

Enjoy up to 120,000 bonus Qantas or Altitude Points when you apply for the two-card bundle, are approved and meet the minimum spend of $3k for each card – Westpac Altitude Black Mastercard and the Ame…
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Posted on 22/01/2019

Dubai Business Events records 62% boost in delegate wins in 2018

Number of event bids won represents a 24% increase from 2017 and will deliver an estimated economic impact of approximately 326$7mln to the city DUBAI – Dubai Business Events, DBE, the city’s official …
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Posted on 21/01/2019

Trust in government, business and media rising in the UAE

At a time of growing distrust of institutions around the world, people in the UAE are increasingly confident in government and business, a new survey has found. The latest Edelman Trust Barometer reve…
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Posted on 21/01/2019

Saudi Arabia and UAE to launch new banking crypto-currency

A Saudi-Emirati pilot crypto-currency was announced at the inaugural meeting of the Saudi-Emirati Coordination Council in Abu Dhabi last week. A number of joint blockchain and digital currencies joint …
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Posted on 21/01/2019

Saudi-UAE cryptocurrency pilot could revolutionise cross-border payments

The central banks of the UAE and Saudi Arabia want to pilot a shared digital currency for cross-border bank transactions, they said on Saturday, a move that could revolutionise the remittance industry …
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Posted on 21/01/2019

Dubai’s Mashreq posts slight rise in full-year profit

Reuters Mashreq, one of Dubai’s oldest lenders that is controlled by the Al Ghurair … “Much of this can be attributed to the bank’s focus on strategically acquiring good assets and growing the loan …
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Posted on 21/01/2019

UK academic says was forced by UAE to confess to spying charges

NEW YORK (Reuters) – British academic Matthew Hedges said he had “no other option but to confess” during nearly seven months of detention in the United Arab Emirates on espionage charges. The UAE pard…
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Posted on 21/01/2019

Sharjah aims at increasing gas production

We are drilling and within in the next 60 to 70 days we would have good news.” On the future growth plans of the company, he said they are working on the LNG import facility to meet Sharjah’s …
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Posted on 21/01/2019

UPDATE 1-Dubai property developers put bond plans on hold -sources

DUBAI, Jan 21 (Reuters) – Dubai’s Emaar Properties and state-owned developer Nakheel have put on hold plans to issue U.S. dollar-denominated bonds, Emaar and sources familiar with the bond issues said …
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Posted on 21/01/2019

‘Invest in Sharjah’ presents new FDI opportunities to Indian investors

Sharjah FDI Office (Invest in Sharjah) has presented the exceptional investment advantages and business opportunities offered by the business-friendly emirate to a number of high-profile investors and …
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Posted on 21/01/2019

Abu Dhabi reshuffles Executive Council, appoints new police chief

in his capacity as the Ruler of Abu Dhabi, official news agency WAM reported on Monday. The commander in chief of the Abu Dhabi Police major general Mohammed Al Rumaithi and the chairman of Abu Dhabi’ …
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Posted on 21/01/2019

Abu Dhabi’s Hyperloop to cost $20-$40 mn per kilometre

which is set to open in Abu Dhabi in 2020, will cost between $20 million to $40 million per km, in an exclusive interview with Emirates News Agency, WAM. Gresta said that Abu Dhabi’s Hyperloop capsule …
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Posted on 21/01/2019

Top Dubai broker targets Chinese real estate investors in 2019

The top selling real estate broker in Dubai has predicted that half of its sales this year will come from Chinese investors. Firas Al Msaddi, CEO of fäm Properties, has set the target for 2019 after t…
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Posted on 21/01/2019

Dubai property developers put bond plans on hold – sources

DUBAI, Jan 21 (Reuters) – Dubai’s Emaar Properties and state-owned developer Nakheel have put on hold plans to issue U.S. dollar-denominated bonds, Emaar and sources familiar with the bond issues said …
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Posted on 21/01/2019

Dubai property developers put bond plans on hold

Dubai’s Emaar Properties and state-owned developer Nakheel have put on hold plans to issue US dollar-denominated bonds, Emaar and sources familiar with the bond issues said, amid a real estate …
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Posted on 21/01/2019

Award-winning agency sets big Dubai real estate sales target in Chinese market

Dubai: After a second successive award-winning year in Dubai real estate, Firas Al Msaddi, CEO of fäm Properties, has set fresh targets for 2019 when he says at least 50% of the company’s sales will c…
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Posted on 21/01/2019

UAE Fintech Startup Rise Aims To Democratize Access To Essential Financial Services

According to Migrant-Rights.org, a GCC-based advocacy organization advancing migrant rights, more than 750,000 domestic workers work in the UAE. This segment is the current focus of fintech startup Ri…
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