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Month: August 2022

Posted on 24/08/2022

Dubai: Auctioneer jailed for keeping Dh1,115,000 after selling precious watches

He said he handed over the precious watches to the accused who agreed to put them up for auction on a social media platform he manages. They had agreed that the watches would be sold within 15 days, …

Posted on 24/08/2022

Dubai real estate transactions hit $381 million on Tuesday

The continuing boom in the emirate’s real estate sector saw transactions hitting AED10.3 billion ($2.8 billion) during last week across more than 3,000 deals Dubai real estate transactions hit $381 …

Posted on 24/08/2022

B1 Properties sells the most prestigious penthouse at The Atlantis The Royal Residences for AED 163mln

DUBAI – B1 Properties is proud to announce the sale of the largest penthouse on Palm Jumeirah’s Atlantis The Royal Residences for AED 163 Million. This unique 5-bedroom triplex penthouse on Palm …

Posted on 24/08/2022

Dubai: Another Palm Jumeirah Penthouse Sold For Whopping Dh163 Million

The largest penthouse on Palm Jumeirah’s Atlantis The Royal Residences has been sold for Dh163 million. The five-bedroom triplex penthouse spans 25,208 sq ft and includes a sky garden, two private …

Posted on 24/08/2022

The Debt Panel: ‘I am struggling to pay for an $816,000 off-plan property’

Because it is an off-plan property, I will only be eligible for a mortgage once it is ready for handover in 2026. My wife and I pay about Dh13,000 a month for the property as per the developer’s …

Posted on 24/08/2022

UAE’s e& ready to raise interest in Mobily even to 100%: Group CEO

Hatem Dowidar, Group CEO at e Abu Dhabi-listed telecom operator e (formerly, Etisalat Group) is ready to increase its holding in Etihad E …

Posted on 24/08/2022

Four Reasons Why Sharjah Is Banning Single-Use Plastic Bags

According to the decision, it is prohibited to trade, produce, offer or import single-use plastic bags and materials, They shoudl be replaced with multi-use bags and materials with technical …

Posted on 24/08/2022

Sharjah’s property sector zooms

Results of the monthly report for the month of July 2022, issued by the Sharjah Real Estate Registration Department (SRERD), revealed total transactions …

Posted on 24/08/2022

Dubai’s royal family helps bring dog who was shot, injured back to life

Dubai’s royal family has stepped in to save the life of Lucky, a Saluki that was found shot and severely injured in Ras Al Khaimah.The family rushed in five dogs to Vets24 veterinary clinic, where …

Posted on 24/08/2022

Top ten UAE banks net income jumps 24.4pc to $3.43bn

The UAE banking sector’s NIM noted an improvement as the benchmark interest rate increased. Although NIM increased to 2.3% it is still below the pre-pandemic levels of 2.6%. Th …
( read original story …)


Posted on 24/08/2022

Dubai: Govt charity initiative helps pay off Dh141,000 in debts for defaulters

Dubai’s Department of Finance (DoF) has provided over Dh141,000 in financial support to the Al Khair Courts, a Dubai Courts initiative, to pay off the debt of the defaulters against whom judicial …

Posted on 24/08/2022

Il Ristorante — Niko Romito in Dubai: what to expect at the Michelin-starred restaurant

Niko Romito, the fourth restaurant in our series, is located in the Bulgari Resort in Jumeirah Bay Island and received two Michelin stars. Il Ristorante — Niko Romito is a celebration of Italian …

Posted on 24/08/2022

UAE DAMAC group set to invest approximately $1 billion in German technology

The company is currently on a fact-finding mission in Germany to research the market and possibly identify mutually beneficial partners. UAE DAMAC group set to invest approximately $1 billion in …

Posted on 24/08/2022

Microsoft launches Azure Availability Zones in UAE

Azure Availability Zones will build on the capabilities and benefits offered through Microsoft’s enterprise-grade data centres in Dubai, which began operations in June 2019.. Microsoft launches Azure …

Posted on 24/08/2022

Met Sharjah ruler officially at Cliff House in Sept 2017: Pinarayi

This was the reply to the unstarred query by UDF MLA Saneesh Kumar Joseph on whether the CM had met the UAE Consul General at his official residence …

Posted on 24/08/2022

UAE: Indian rupee falls in early trade against UAE dirham

The Indian rupee depreciated four paise to 79.87 against the US dollar (21.76 versus the UAE dirham) in opening trade on Wednesday, tracking the strength of the American currency in the overseas …
( read original story …)


Posted on 24/08/2022

The UAE and its Wealth Management Markets: Making Good Progress

A Pre-Event Survey in Advance of the Hubbis Wealth Solutions Forum 2022. The powers that be, the regulators and the private sector participants overseeing and operating in the UAE’s wealth management …
( read original story …)


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