Abu Dhabi Real Estate Market Remains Subdued, Says Asteco

Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to the Q3 Abu Dhabi Real Estate report by leading real estate consultancy Asteco. Average apartment ... ( read original story ...)

Abu Dhabi real estate hit by weak job market

Abu Dhabi continues to experience negative growth across all property types due to weakness in the job market and reduced housing allowances, according to leading real estate consultancy Asteco. The average apartment rental rates dropped by three per cent ... ( read original story ...)

Death sought for accused in rape-murder case of boy in Abu Dhabi

Abu Dhabi: Prosecutors here asked for the death penalty for what they termed as a "merciless beast" suspected in the rape and murder of a Pakistani boy in June. Public prosecutors presented evidence in court, during which the victim's father broke into ... ( read original story ...)

UAE Central Bank warns against Bitcoin

The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision. The warning was made by it can be easily used in money laundering and in funding terror activities, Governor of the UAE Central Bank, on the ... ( read original story ...)

Moderate increase in loan demand, says UAE central bank survey

Demand for business loans increased “moderately” in the most recent quarter, with a similar amount of demand expected for the current quarter, according to a UAE central bank survey. The Q3 Credit Sentiment Survey, a quarterly publication that ... ( read original story ...)

UAE Central Bank warns against using ‘digital currency’

Dubai: The UAE Central Bank warned on Monday about the use of “digital coin”, saying it did not issue a license to allow the currency in the local market. The statement comes after Bitcoin, one of the cryptocurrency, hit a record high of $6,148 on ... ( read original story ...)

NCB, Mobily hit Saudi, Emaar still weighs on Dubai

DUBAI, Oct 23 (Reuters) - National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia's main index on Monday while Emaar Properties weighed on Dubai's stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 ... ( read original story ...)