Dubai: Despite assurances that retailers will slash the prices for basic essentials during Ramadan, the majority of residents in the UAE are still anticipating an increase in household spending throughout the fasting period, a new survey suggests …
( read original story …)
Worshippers get parking relief near mosques in Dubai
Dubai: Worshippers rushing to the mosques following iftar can breathe a sigh of relief as they get a grace of 45 minutes from the time of Maghrib Azaan (dusk prayers), Gulf News can confirm. A Roads and Transport Authority (RTA) spokesperson told Gulf News …
( read original story …)
UAE witnesses trafficking trend of liquid cocaine
Dubai: The UAE has identified a new trend for trafficking drugs in the form of liquid cocaine, according to an Interpol report published on Tuesday. Operation Lionfish – ASEAN, which involved more than 2,000 police and customs officials across 14 …
( read original story …)
Cabinet approves establishment of UAE Sharia Ifta Council
Abu Dhabi: The Cabinet has approved the establishment of a UAE Sharia Ifta Council as a religious entity to unify, regulate and streamline Islamic fatwas in the country, highlight the tolerance of Islam, and reduce the difference over Sharia issues and …
( read original story …)
Why Dubai is a hotspot for property investors
From its beginnings as a fishing and pearling port, Dubai has morphed into a glittering global marvel today. It has defied the norms and defined the extraordinary to captivate the world. Glamour and grandeur have now been synonymous with Dubai as it builds …
( read original story …)
German Authorities Target British Investor for Tax Evasion
He currently lives in Dubai. Former senior people at the Hamburg-based bank … In September 2015, Mr. Shah’s now defunct London-based hedge fund, Solo Capital, transferred €222 million to an account at Varengold Bank in Hamburg. The acount belonged …
( read original story …)
Middle East Crude-Benchmarks weaken as July trade slows
Cash Dubai widened to 59 cents below swaps … kingdom’s policy of cooperation with major oil producers to rebalance markets and limit volatility. *Hedge fund managers had already closed out many of their bearish short positions in crude oil before …
( read original story …)
Buy now, pay later deals spur Dubai property market
Developers have used payment plans as a key tool to reinvigorate the real estate market since 2014, changing from mostly front-loaded to back-ended payment plans. In 2013, more than 80 per cent of launches had payment terms that were front-ended, whereas …
( read original story …)
UAE forms Fatwa Council to advocate moderate Islam
… board members of the Higher Sharia Board for Banking and Finance to strengthen consistency of the Islamic finance industry across the UAE. The Board is responsible for setting rules, standards and general principles for banking and financial …
( read original story …)
Canadian Solar to supply modules to Dubai project
Canadian Solar, one of the world’s largest solar power companies, has been selected as the sole module supplier to provide 268 MW of double-glass Dymond modules for the first phase of the 800 MW Mohammed bin Rashid Al Maktoum Solar Park (Dewa Project) in …
( read original story …)
India and the UAE: Ancient Alliance, New Opportunities
The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a …
( read original story …)
Abu Dhabi’s sweet shops get busier by the day
Abu Dhabi: Sweet shops in the capital are seeing more business than usual, thanks to Ramadan. Traditional Middle Eastern sweets have become one of the main food traditions during Ramadan, with well-known treats such as qattayef, kunafa, baklava and …
( read original story …)
UAE Central Bank orders closure of money exchange
Abu Dhabi: The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told Gulf News on Tuesday. The exchange, which has six branches — three in Dubai, two in Abu Dhabi and one in Sharjah …
( read original story …)
Bloom begins main works at Soho Square, Abu Dhabi
The main construction phase is now underway at Soho Square, Bloom Properties’ second mixed-use project on Saadiyat Island in Abu Dhabi, according to a statement by the developer. Bloom Properties has appointed Emirates Link Maltauro to carry out the work.
( read original story …)
Best Places To Stay In Abu Dhabi: 8 Hotels And Vacation Rentals
You can reach the Abu Dhabi International Airport within 25 minutes in a car. Here you can enjoy a comfortable stay in the air-conditioned suites of this property, which boast of contemporary interiors that are charmingly done in earthy tones. Other room …
( read original story …)
Dubai real estate fund ENBD Reit buys student housing for Dhs120m
Dubai-listed real estate investment fund ENBD Reit has acquired Dubai’s ‘first purpose-built student residence’ for Dhs120m, it announced on Tuesday. The 424-bed property, Uninest Dubailand, was acquired from Global Student Accommodation (GSA) on a …
( read original story …)
Dubai blazes a trail with inaugural technology gathering in California
A delegation of senior officials from more than Dubai government entities were in the United States last month as part of Dubai 10X’s inaugural outreach trip to Silicon Valley. Dubai 10X is an initiative of the Dubai Future Foundation (DFF). The 10X …
( read original story …)