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Month: January 2019

Posted on 03/01/2019

UAE is hoping to leave a lasting legacy

In a few days, UAE will be hosting the 17th edition of the most coveted continental tournament – The Asian Cup. The nation had previously accommodated the event in 1996 wherein they ended their campai…
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Posted on 03/01/2019

Dubai Police report trouble-free New Year’s Eve

although more than two million people gathered across the emirate to participate in the celebrations,” Al Marri said in comments published by state news agency WAM. He said Dubai Police deployed 4,000 …
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Posted on 03/01/2019

Radisson Blu brings two new Abu Dhabi properties to market

Radisson Blu has opened two hotels in Abu Dhabi, capital of the United Arab Emirates. Both hotels hold prominent locations, with the Radisson Blu Hotel & Resort, Abu Dhabi Corniche located on the vibr…
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Posted on 03/01/2019

UAE banks’ international reserves hit Dh404 billion

The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the same month in …
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Posted on 03/01/2019

News: Radisson Blu brings two new Abu Dhabi properties to market

Radisson Blu has opened two hotels in Abu Dhabi, capital of the United Arab Emirates. Both hotels hold prominent locations, with the Radisson Blu Hotel & Resort, Abu Dhabi Corniche located on the vibr…
( read original story …)


Posted on 03/01/2019

Dubai Bank Wins Right to Swap Abraaj Debt for Fund Stakes

Noor Bank PJSC, which provided a $100 million loan to the collapsed Abraaj Group, won the right to swap the debt for stakes in some of the Dubai-based buyout firm’s funds, according to people with kno…
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Posted on 03/01/2019

Is it worth buying a property in Dubai?

The Dubai Investment Market offers a plethora of opportunities for investors to benefit from unparalleled gains in the global property market, though the current market sentiments are not in favour of …
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Posted on 03/01/2019

Dubai issues 1,882 ‘instant’ business licences in 18 months

Dubai’s Department of Economic Development (DED) issued 1,882 ‘instant’ licences – which are handed out in five minutes – from the launch of the service in July 2017 until the end of 2018.
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Posted on 03/01/2019

Dubai businesses voice fears about slow recovery

“Dubai continues to grapple with over-supply in real estate, sluggish white-collar job growth, high cost of living and tougher enforcement of financial regulation,” said Hasnain Malik, head of equity …
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Posted on 03/01/2019

Dubai reveals comprehensive traffic plans for New Year’s Eve

A video was unveiled with details of the road closures, viewing points for fireworks and transport to and from the Downtown Dubai area: Subscribe to Arabian Business’ newsletter to receive the latest …
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Posted on 03/01/2019

Dubai Tourism unveils unique experiences

Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) has announced the launch of a new set of initiatives aimed at creating unforgettable local experiences for visitors and ensuring repe…
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Posted on 02/01/2019

Adopting technology in construction

At the top of the list for investment is digital technology, with the research demonstrating that … An important lesson for the UAE industry to take from this case study is that Siemens Real Estate …
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Posted on 02/01/2019

Dubai matches 2018 spending in 2019 to maintain edge, analysts say

In June Dubai and Abu Dhabi announced they were exempting companies from administrative fines for at least the rest of the year, as part of efforts to stimulate business growth. Dubai unveiled in Apri…
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Posted on 02/01/2019

Dubai hotels roll out the red carpet

A growing number of international visitors, coupled with preparations for Dubai to host Expo 2020, has meant that hotel inventory across the UAE will continue to record healthy growth in 2019, experts …
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Posted on 02/01/2019

UAE, India set to discuss increase in air traffic

An official level meeting between India and the UAE civil aviation ministry officials is slated for January 15 in Mumbai to discuss the issue, official sources at India’s civil aviation ministry told …
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Posted on 02/01/2019

Dubai issues nearly 2,000 instant business licences since 2017 launch

Nearly 2,000 instant licences have been issued in Dubai since they were launched last year to cut the time it takes to register a business in the emirate. The Business Registration and Licensing (BRL) …
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Posted on 02/01/2019

Dubai budgets $2.5bn for infrastructure ahead of Expo 2020

The planned schemes for 2019 will cater to the need to develop and upgrade Dubai’s infrastructure and continue its growth as a preferred destination for business and entrepreneurship. This $ figure wi…
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