When the United Arab Emirates suspended flights from India, members of the UAE’s largest foreign population were stranded in their homeland. The UAE’s government and private initiatives are increasing …
UAE’s Transguard Group posts 86.2% dip in profit for FY20/21
Dubai’s Transguard Group has reported a profit of Dhs32.1m for the financial year 2020/2021, dipping 86.25 per cent from Dhs233.5m recorded during a year earlier period. The company posted revenue of …
Ailing grandfather detained in Dubai for son’s ‘bounced cheques’, desperate for help
April 2021
60 year old Londoner, Albert Douglas, made a brave attempt to cross to Oman after losing faith in Dubai’s justice system. He had stayed in the glitzy city, thinking an …
Dubai is a viable alternative to many European cities: Report
Dubai is being considered a viable alternative to many European cities due to its successful handling of the Covid-19 pandemic, according to global property consultant Savills. Du …
Dubai Police rescue cash-strapped tourist living in a tent, flies her back home after medical treatment
Dubai: Dubai Police have helped a tourist who ran out of cash and remained stuck inside a tent in a desert off Dubai. The 33-year-old tourist was spotted by the police patrol in Al Faqa’ area on the …
Smart Dubai And Mohammed Bin Rashid University Of Medicine And Health Sciences Develop A Novel Covid-19 Epidemiological Model
Smart Dubai and the Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) developed a novel epidemiological model to predict COVID-19 sp …
Eid 2021: Dubai hotels’ occupancy reaching full capacity
Dubai hotels are witnessing nearly full occupancy levels during Eid Al Fitr, thanks to strong demand for staycations as well as inflow of foreign tourists, especially from Europe and Arab …
Mubadala is said to pick banks for IPO of satellite firm Yahsat
Abu Dhabi’s Mubadala Investment Co. has picked Bank of America Corp. and Morgan Stanley to advise on a potential initial public offering of satellite operator Yahsat, people familiar with the matter …
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The Lighthouse opens in Mall of the Emirates
Popular d3 restaurant The Lighthouse has now set up shop in Mall of the Emirates. The cool home-grown restaurant has space for 115 diners at the brand-new location at Mall of the Emirates – so if …
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Regulatory push in the UAE to make cryptos and tokens viable financial vehicles
The Dubai Financial Services Authority (DFSA), have in late March 2021, enacted a 30-day window for public comments on security token regulations, as part of efforts to create a standardized framework …
UAE economy performs ‘better than expected’ throughout year marked by coronavirus
Latest figures reveal country’s GDP and non-oil GDP declined by 6.1 percent and 6.2 percent, respectively, in 2020 …
UAE’s Non-Oil Economy Contracted First Since 2011 Last Year
The United Arab Emirates’ non-oil economy shrank 6.2% last year on lower oil prices and the coronavirus pandemic, the first contraction since 2011 at least, according to preliminary government data.
UAE weather heats up; likely to cross 40°C this month
The UAE will experience a gradual increase in daytime during the month of May, which will lead to a gradual increase of air temperature over most parts of the country, according to weather forecasters …
JLL’s Salbak on Luxury Home Sales Boom in Dubai
Head of MENA Research at JLL, Dana Salbak, discusses her firm’s latest report, which says that newly announced regulatory measures, the vaccine rollout and the upcoming Expo 2020 are all opportunities …
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Sharjah’s real estate deals in Q1 surge to $1.82bn
Sharjah’s real estate sector witnessed transactions valued at AED6.7 billion ($1.82 billion) during the first three months of 2021, registering a growth rate of 84.9 per cent, compared to the first …
Abu Dhabi Ports issues $1bn 10-year bond
Abu Dhabi Ports has issued $1bn 10 year bonds under its recently established Euro Medium Term Note Programme, which will be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities …
UAE strongly condemns terror attack in Afghanistan
The ministry expressed its sincere condolences to the families of the victims and wished the injured a speedy recovery.