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Month: February 2019

Posted on 20/02/2019

Sharjah launches fully-funded scholarships for young Arab acting talent

Sharjah has announced fully-funded scholarships for young Arab acting talent to study at the Sharjah Performing Arts Academy. Dr Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah made the announc…
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Posted on 20/02/2019

British football fan ‘beaten and starved in UAE after arrest for wearing Qatar shirt’

He travelled to the UAE for a holiday in January and the incident happened … I couldn’t handle it In an interview with Sky News, he said: “I was beaten. I was terrified. I couldn’t handle it. “They …
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Posted on 20/02/2019

Up to 486 property firms in Dubai did not renew their licences for 2018 – report

A record 486 property companies and real estate brokerages that were in business in 2017 did not renew their licences for 2018, real estate portal Property Finder has revealed. The number …
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Posted on 20/02/2019

Dubai Airports, Careem launch cheaper travel for DWC passengers

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Posted on 20/02/2019

Tearful Osaka stunned by Mladenovic in Dubai

“I’m pretty sure as time goes on you guys will stop talking about it. For now, it’s like the biggest tennis news, I guess. “See, it’s a little bit hard because I feel like people are …
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Posted on 20/02/2019

UAE insurers maintain earnings pace: AM Best

AM Best’s analysis of the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has shown material improvements in bot…
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Posted on 20/02/2019

UAE bank assets rise 1.2% in January: Central Bank

Abu Dhabi – Mubasher: Assets of banks operating in the UAE increased 1.2% month-on-month by the end of January, the Central Bank of the UAE said on Tuesday. Lenders’ assets grew to AED 2.913 trillion …
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Posted on 20/02/2019

Abu Dhabi Oil Giant’s Credit Ranked AA as Aramco Seeks Rating

(Bloomberg) — Abu Dhabi’s government-owned oil giant received … a day was $52.1 billion in the first half of 2017, Bloomberg News reported in April. Exxon Mobil, the world’s largest …
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Posted on 20/02/2019

Permanent residency could attract more property investors to Dubai

The Dubai property sector has emerged as a stable and mature market in the past couple of years despite a slowdown in major developed and emerging markets as investors believe in its promising future …
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Posted on 20/02/2019

Survival of the Fittest in Dubai’s Property Market

Consolidation time for Dubai real estate with fly-by-night companies exiting the market, reaffirming signs of a maturing property market in Dubai 486 real estate companies in Dubai did not renew their …
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Posted on 20/02/2019

UAE gets self-driving cars in the fast lane

Dubai Silicon Oasis also spearheading the efforts in Dubai … Ravi Suri, partner, global head of Infrastructure Finance, KPMG Lower Gulf, said autonomous vehicles offer tremendous social and environm…
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Posted on 20/02/2019

Emaar Properties rides to rescue of Dubai index

Dubai: Emaar Properties rode to the rescue of the Dubai Financial Market (DFM) general index as its shares surged on the back of better-than-expected earnings in the fourth quarter. The company …
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Posted on 20/02/2019

UAE guide to financial services VAT ‘clears up ambiguity’

ANALYSIS: A new guide for financial services firms on the operation of VAT in the United Arab Emirates (UAE) should be welcomed by the industry as it clears up some ambiguity and puts in black and whi…
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Posted on 20/02/2019

Dubai expat embezzles Dh13.4m from boss’s bank account, jailed for life

A sales manager, who siphoned off more than Dh13.4 million from the bank accounts of his Russian boss, was sentenced to life in prison in absentia by a Dubai court on Tuesday. The 42-year-old Kazakh m…
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Posted on 20/02/2019

S&P: Dubai property market could remain depressed for years

DUBAI, UAE – The property market in Dubai has been sinking since 2014, and is likely to remain depressed for years. S&P Global, the credit ratings agency, on Tuesday said the emirate’s property market …
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Posted on 20/02/2019

Dubai Food Festival 2019: What You Need To Know Before Going

Starting Thursday, the streets and alleyways of Dubai will become a foodie’s heaven on earth with the return of the long-awaited Dubai Food Festival. The 17-day event starts on the 21st of February an…
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Posted on 20/02/2019

UAE signs $1.3bn in deals as arms fair opens amid criticism

The United Arab Emirates (UAE) has signed weapons deals worth $1.3bn with … the head of the US Navy’s 5th Fleet command that oversees the region told the Associated Press news agency. “It is destabi…
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